By now, you’ve probably heard of the $400 billion agreement between the Pentagon and fusion energy company Fusion Energy Corporation to offer a wide range of energy services including electricity generation, energy storage, transmission and distribution.
Fusion Energy Corp., founded by the former CEO of the nation’s largest power company, General Electric, has long been working to offer energy services in a way that is efficient, reliable and cost-effective.
The partnership is one of the few major energy infrastructure partnerships that have been developed in recent years, and is a major win for fusion energy.
“I think it’s a win-win for the energy sector,” said David Hargrove, vice president of strategic partnerships for Fusion Energy.
The company says it will provide energy services that include power generation, transmission, and distribution, as well as electric vehicle charging and storage.
The government agreed to pay for the project at a cost of $600 million, with $200 million in government contracts already signed and another $200 to be awarded later this year.
It’s the second major agreement between Fusion Energy and the Pentagon in recent months.
Last year, the Pentagon signed a $500 million contract with the fusion company to develop and deploy advanced fuel cells, a technology that is capable of producing a large amount of electricity in a fraction of the time it would take to generate it from coal.
The Pentagon said in a statement that the agreement will “provide the flexibility and resources needed to ensure a safe and reliable future for our nation’s military.”
Fusion Energy says it has received more than $100 million in federal contracts since the announcement of the partnership.
The deal also provides an incentive to the fusion energy industry to develop alternative fuel sources.
Fusion said it will invest in energy storage technologies, which could help to meet future demand.
“As the United States transitions from coal to a cleaner and more sustainable energy source, we can help drive down costs, provide a safer and more reliable way to get energy to customers, and support our military as it develops and deploys more efficient and fuel-efficient energy technologies,” said Gary Schmitt, vice chairman and chief executive officer of Fusion Energy, in a press release.
The project has also been praised by energy analysts.
“This is a very positive development,” said Bruce Bartlett, president of Energy Security Research, an energy research and consulting firm in Houston.
“They have been building a network of fusion energy suppliers to ensure that the Army is always available for fusion fuel supply needs.
Fusion has been a major player in this market for years.
We expect to see a very large deployment of this technology, especially with the Pentagon’s goal of reducing the number of fuel-burning power plants and to have a low carbon future.”
The Pentagon also said the project will be a “game changer” for the country.
Fusion says the partnership with the Department of Defense is one part of a larger effort to help fuel-cell technologies that it says are on track to become “revolutionary.” “
It will also reduce energy demand on the Army’s grid and support its mission to protect the national security interests of the United Stated,” he added.
Fusion says the partnership with the Department of Defense is one part of a larger effort to help fuel-cell technologies that it says are on track to become “revolutionary.”
The company said that it is committed to continuing to make advancements in fusion energy, with a focus on making a significant contribution to the energy future of the future.
“We are confident in our technology and the promise of fusion,” Boulton said in the press release announcing the partnership, which is being overseen by the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).
“Fusion is a leader in this space and we look forward to building on our partnership to provide the U