"'We want to build the smallest fusion reactor in the world. Then we’re talking about a project that’s maybe tens of millions of dollars, not billions, and you could actually do it with a small team,'" Avalanche CEO Robin Langtry tells the paper."

"The Fusion Industry Association, based in Washington, D.C., has tracked more than $5 billion in private funding, with seven firms raising at least $200 million. Around 75% of fusion fundraising has happened since 2021, according to PitchBook."

"The prominent, early-stageclimate tech VC firm Congruent Ventures has closed a $300 million-plus 'Continuity Fund' that will aid companies in its existing portfolio."

WRAL TechWire reports that NET Power is taking steps to build its $750-$950 million power plant. “NET Power already operates a demonstration plant for its technology in Texas. Design work for the larger plant is expected to be completed in 2024, according to the company. Target launch date is 2026.” Read the full article here.

"Noya's DAC machines are modular devices that can be stacked on top of each other to capture more carbon."

"Occidental executives said it would power the Permian plant with solar energy and additional renewable power from the grid, and it has also looked into potentially powering its plants with mini-nuclear reactors, according to people familiar with the matter. The company also said it is exploring using energy from natural-gas powered plants that capture their own CO2, an early-stages technology in which it has invested."

"If implemented, the new plants — which would only be used in emergency situations — would be built in two phases over a decade given permitting and supply chain constraints, according to slides of a new study shared by the Lower Colorado River Authority. The potential cost risks derailing Republicans’ plans to overhaul a grid increasingly reliant on renewable energy with fossil fuel plants."

Jinjoo Lee of The Wall Street Journal reports on the oil and gas industry’s investments in geothermal energy. “Small geothermal investments are an uncomplicated green boost for the oil-and-gas industry today. A true breakthrough could bring the fossil-fuel industry’s deeper existential questions to the surface.” Read the full article here.

"Other benefits highlighted by the report are SMRs’ flexible power output levels that allow developersto match the output of a retiring coal plant and capacity restrictions of equipment, unlike the fixed capacity of traditional nuclear plants. And SMRs require small areas, making its footprint suitable for replacing a retiring coal plant, according to the report."