Nov 3, 2023 – NearStar Fusion was awarded a $50K grant from the Fairfax Founders Fund. The Fairfax Founders Fund is a Fairfax County Department of Economic Initiatives program designed to support early-stage, high-growth startups. The Fairfax Founders Fund plays a pivotal role in nurturing innovation and entrepreneurship in Fairfax County and the region at-large.
Chris Faranetta (NearStar Fusion VP and Co-Founder) commented "We are committed to both contributing and benefiting from the startup ecosystem in Fairfax County and are honored to receive a grant from the Fairfax Founders Fund to help us address the challenges of deep tech startups."
Sept 5, 2023 - NearStar Fusion Inc. was awarded a Phase I SBIR grant on August 25, 2023 from the National Science Foundation (NSF) to support the development of its unique approach to fusion energy.
NearStar Fusion Founder and Chief Scientist, Dr. F. Douglas Witherspoon stated "This grant will support our efforts to model and analyze our highly modular approach to fusion using repetitive hypervelocity impact of DD fuel targets for grid based electric power."
NSF promotes the progress of science by investing in research to expand knowledge in science, engineering and education. NSF also invests in actions that increase the capacity of the U.S. to conduct and exploit such research.
Amit Singh (NearStar Fusion CEO) commented "We are grateful for NSF's vision and leadership in promoting new alternative approaches to achieving commercially viable fusion. We see NearStar Fusion's deuterium fueled impact fusion approach, which avoids the need for tritium or superconducting materials, as a rapid pathway forward to practical fusion energy."
Aug 6, 2023 (Reuters) - U.S. scientists have achieved net energy gain in a fusion reaction for the second time since December, the Lawrence Livermore National Laboratory said on Sunday.
Scientists at the California-based lab repeated the fusion ignition breakthrough in an experiment in the National Ignition Facility (NIF) on July 30 that produced a higher energy yield than in December, a Lawrence Livermore spokesperson said.
On April 14, 2023, the five Commissioners of the US Nuclear Regulatory Commission (NRC) announced in a unanimous vote to regulate fusion energy in the United States under the same regulatory regime as particle accelerators.
On Dec. 5, 2022, the National Ignition Facility (NIF) launched “The Age of Ignition” with an experiment that for the first time produced more energy from a fusion reaction than the energy needed to spark the reaction, a condition known as ignition.
Fusion devices for clean, safe, and affordable electricity and industrial heat are making advances and need a push.