Princeton Stellarators Selected for DOE Milestone-Based Fusion Development Program

Source: www.gulfoilandgas.com 6/1/2023, Location: North America

Princeton Stellarators (PSI), a fusion energy company advancing stellarator technology for commercialization, announced the U.S. Department of Energy (DOE) selected the company for an award sponsored by the Office of Fusion Energy Sciences. Funds from the new public-private partnership program will support collaboration with national laboratories, universities and others to meet major technical and commercialization milestones toward the successful design of a fusion pilot plant.

“We are thrilled with this award from the DOE and inclusion in this program among other leaders in the space to realize the full potential of fusion energy,” said Brian Berzin, chief executive officer of PSI. “This vote of confidence from the DOE comes at a pivotal time for PSI as we reinvent the stellarator, moving one step closer to a simpler, more economical approach to commercializing fusion energy. We look forward to continued collaboration with the DOE through this program.”

David Gates, Ph.D., chief technology officer of PSI, added, “PSI’s proprietary stellarator technology eliminates the complex magnet coils required in all other proposed stellarator designs. This support from the DOE following a detailed merit review process further validates the potential of PSI’s simplified design to solve long-standing barriers to fusion energy and allow for the rapid deployment of clean energy for generations to come.”

The DOE Funding Opportunity Announcement (FOA), DE-FOA-0002809, total funding is $46 million for the first 18-month budget period where projects may last up to five years in duration. Outyear funding is contingent on congressional appropriations, team participation and satisfactory progress in meeting negotiated milestones. Awardees consist of eight teams selected following a merit review process that evaluated the applicant’s scientific, technical, commercialization, business and financial viabilities, as well as its community benefits plans in support of DOE’s Justice40 policies. The full list of projects and more information can be found on the Fusion Energy Sciences Topical Funding Opportunity Awards page.


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