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Fusion Energy Startup Type One Energy said that on February 11 he signed a new agreement with the regional utility Tennessee Valley Authority to expand his efforts to market the nuclear fusion power. The developer and TVA, who have been working on a prototype plant in a useful place commissioned in Tennessee, announced a new plan to build a 350 MWe facility that they expect to “offer a complementary source of electrical generation of electrical generation Base load for the region as a principle. As in the mid -2030s. “
Type One Energy says that its use of stelor fusion technology “has the potential to reappear the infrastructure of the Fossil fuel plant with TVA retired, as well as deploying in green fields in security support. Energy and reliability. ”
The new pact is expanded by a developer by 2024, TVA, the National Laboratory of the Ridge of Oak Ridge and the State of Tennessee for technology, logistics and financial collaboration to launch the first star prototype · TVA lard the power plant in Tennessee, which will not produce energy, but will test and verify the design of the pilot plant.
The smallest project, with a nuclear energy engineering signature Atkinsréalis Chosen as a designer, construction will begin by the end of next year and will be completed by 2029 with an estimated cost of $ 300 million. “We believe that the development of business and functional business relationships in the long term will serve both parties, as they contemplate additional areas of work over the next decade,” says Gregg Schneider, an energy vice president of world collaborations and management of the chain. supply.
The final investment decision to the largest pilot plant and its location will be known for 2029, said a one -type energy spokesman, but companies said that the new stage “now covers a deeper and deeper commitment wider towards the commercialization of melting energy. ” They said they would collaborate in location studies, environmental reviews and licenses, as well as the development of project plans “and funding from various sources”.
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The type of energy is one of the eight companies chosen by doe for federal funding by virtue of a program launched by 2022 to accelerate commercial fusion energy, with companies that receive a total of $ 46 million in Financing. The developer had also raised $ 82.5 million last fall of investors including Bill Gates’s energy adventures. The firm was founded in 2019 by Fusion Fusion researchers and obtained the first risk capital support by 2023.
One -Energy -type stellar technology, developed in the 1950’s by a Princeton University laboratory, uses twisted magnetic fields to limit plasma in a torus to merge atoms and release energy.
“Undoing the energy potential of America will have all forms of generation, including fusion,” said Joe Hoagland, Vice President of the TVA innovation and research.
UNE utility and energy also have a separate agreement to allow firm access to TVA Energy Service Shops to Muscle Shoals, Ala. .
The agreement also covers the commitment to the development of the workforce “to assemble, operate and maintain the melting stellar”. Noting a “long history of deploying and operating new energy technologies”, companies said that Tennessee and Alabama “are well positioned to provide talent and resources needed to generate energy successfully and reliably through the merger.
“TVA provides us with electric power plants, maintenance, engineering, licenses and even project planning and construction capabilities, all the critical skills of success that we do not need to try and recreate now,” said Christofer Mowry, Type, Type a Energy CEO, in a statement.
Type One Energy also reached a license and technological manufacturing agreement with the Commonwealth melting systems for a exclusive license to use the technology of large -temperature superconductor cables of the Massachusetts developer in its own melting magnets.
