In 2023, LPPFusion made significant laboratory progress, including developing dual switches, increasing peak current by 40%, and achieving higher fusion yields, while also advancing their research on hydrogen-boron fuel and publishing peer-reviewed papers; however, they did not start pB11 experiments as planned due to delays.
LPPFusion joined the PROBONO international research collaboration focused on proton-boron fusion, which aims to facilitate collaboration among researchers working on hydrogen-boron fusion approaches, although current funding is limited to administrative costs.
LPP Fusion reported progress in reducing filament disruption in their fusion device, which is important for increasing plasma density and fusion yield. They also identified a crack in their anode that caused a delay in their experiments, with new anodes expected to arrive in March.
LPP Fusion's 2023 fundraising campaigns through Wefunder and Regulation D raised a total of $678,000 net, exceeding their 2022 amount but falling short of their $2 million goal for the year.
LPP Fusion reported that their fusion energy yield increased threefold and the peak electric current reached 1.8 million amps in recent experiments, marking progress toward their proton-boron fusion goals.
EX-Fusion and Tokyo Institute of Technology established a joint research center in October 2023 to develop liquid metal devices for laser nuclear fusion reactors, aiming for early commercialization of Japan's laser fusion power plant technology.
LPP Fusion's Wefunder crowdfunding campaign has exceeded $300,000 and aims to reach $600,000 by November 15, 2023, to meet its minimum goal.
EX-Fusion established a wholly owned subsidiary, EX-Fusion Australia Pty Ltd., in Australia and began business operations in October 2023 to focus on laser applications related to nuclear fusion and other advanced energy technologies.
Helion is conducting the final fusion test campaign on its sixth prototype, Trenta, which has demonstrated thermonuclear fusion conditions and the ability to recapture energy as electricity. The company plans to retire Trenta and focus on its seventh prototype, Polaris, expected to demonstrate net electricity in 2024.
EX-Fusion and Osaka University established a joint research center to demonstrate laser irradiation systems necessary for laser nuclear fusion reactors, with a focus on target supply and high-precision laser irradiation technology, from September 2023 to September 2026.
Helion announced a collaboration with Nucor to deploy a 500 MW fusion power plant that will supply zero-carbon electricity to a Nucor steelmaking facility in the United States, with Nucor making an investment to accelerate fusion deployment.
EX-Fusion announced it received funding from the EQT Foundation as part of a seed round to support its research and development of laser-based nuclear fusion technology aimed at commercial energy production.
LPPFusion clarified that the company 'Saybrook Fusion' has no connection to them and has not licensed any of their patents or proprietary designs, despite claims and imagery suggesting otherwise.
Helion announced that Microsoft has agreed to purchase electricity from its first fusion power plant, scheduled for deployment in 2028, marking a milestone for the fusion industry and supporting Microsoft's goal to be carbon negative by 2030.
LPP Fusion announced that they plan to begin experiments with hydrogen-boron (pB11) fuel in September, marking the first time this approach will be tested in a dense plasma focus device, with a series of tests aiming for net energy by the end of 2024.
LPP Fusion's Wefunder crowdfunding campaign has raised $216,000 from 311 investors in nearly three months, aiming to reach $2 million annually to accelerate fusion energy development.
LPP Fusion reported that in May, their FF-2B device achieved a peak current of 1.5 million amps using new switches, improving energy efficiency, but encountered issues with plasma breakdown symmetry at higher gas pressures, which they are working to resolve through pre-ionization upgrades.
EX-Fusion received the grand prize at the 10th MUFG Business Support Program 'Rise Up Festa' for its work on laser-based nuclear fusion energy technology aimed at practical application in Japan.
EX-Fusion announced it raised a total of 1.8 billion yen in seed funding, bringing its cumulative funding to 19.3 billion yen, to develop laser nuclear fusion technology in Japan.
EX-Fusion, a Japanese company, was selected for the Osaka Prefecture's 2023 subsidy program to develop and demonstrate high-power laser system technology for energy efficiency and laser nuclear fusion applications, aiming to showcase the system at the Expo and contribute to CO2 reduction.
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