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  • Kronos Fusion Energy Encourages the U.S. Senate to Support the American COMPETES Act of 2022 Amendment to Increase Funding for Fusion Energy

    Kronos Fusion Energy Encourages the U.S. Senate to Support the American COMPETES Act of 2022 Amendment to Increase Funding for Fusion Energy

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    Press Release
    –

    Apr 4, 2022


    ARLINGTON, Va., April 4, 2022 (Newswire.com)
    –
    The American COMPETES Act of 2022 was passed by the House of Representatives in February 2022 to cover scientific research, economic competitiveness and various other matters related to CREATING OPPORTUNITIES FOR MANUFACTURING, PRE-EMINENCE IN TECHNOLOGY AND ECONOMIC STRENGTH (COMPETES). After recent breakthroughs in the fusion energy industry, Kronos Fusion Energy highly encourages the support of this act. 

    On March 23, 2022, the US Senate voted 66-33 on a motion to proceed to consider this Bill. There is a very important Amendment for the fusion energy industry that was sponsored by three House members who are thought leaders in developing strategies to create high-paying American jobs for the fusion energy industry.

    Priyanca Ford, founder of Kronos Fusion Energy Inc, urged the U.S. Senate to consider fusion energy to be a bipartisan issue, “Fusion Energy is the cleanest and most efficient energy source in the universe that will lead mankind to a new golden age. [Ford] urges the U.S. Senate to support the Fusion Energy Amendment and to pass the COMPETES Bill quickly, to help to jumpstart the American fusion energy industry’s quest to become the global leader in jobs creation for fusion energy”.

    Representative Don Beyer (D-VA), the Chairman of the House Fusion Energy Caucus, Representative Lori Trahan (D-MA), the sponsor of the Fusion Amendment to the Energy Act of 2020 that created the fusion energy milestone program, and Representative Jamaal Bowman (D-NY), the Chairman of the Subcommittee on Energy in the House Committee on Science, Space, and Technology sponsored the Fusion Energy Amendment that will help to foster the rapid growth of the United States fusion energy industry.

    Michael Pierce Hoban, managing partner at Kronos Fusion Energy Inc, commented on why this amendment is important to the U.S. fusion energy industry, “This amendment grows the funding for the Department of Energy’s proposed milestone-based public-private partnership program for fusion energy from $325 million over five years to $800 million. It also increases authorized funding for a new materials program from $200 million to $400 million over the coming five years.”

    The U.S. Senate is now considering whether to concur with the house amendment on fusion energy and whether to pass the COMPETES Bill so that a completed bill can go to President Biden for signature.

    Information on Kronos Fusion Energy can be found below.

    www.KronosFusionEnergy.com

    Instagram: KronosFusion

    Twitter: Kronos__Fusion

    TikTok: KronosFusion Energy

    PR Contact – Erin Pendleton – pr@kronosfusionenergy.com

    Source: Kronos Fusion Energy

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  • Kronos Fusion Energy Plans to Make the U.S. a World Leader in Fusion Energy Generation

    Kronos Fusion Energy Plans to Make the U.S. a World Leader in Fusion Energy Generation

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    Press Release
    –

    Mar 15, 2022


    AUSTIN, Texas, March 15, 2022 (Newswire.com)
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    The United States is falling behind in the race for fusion energy. Kronos Fusion Energy has the ambitious goal of creating commercial and defense applications that will make the United States a world leader in fusion energy generation. Decades of research and development and recent technological breakthroughs have brought us to an inflection point in fusion power. Using advances in machine learning, artificial intelligence, and quantum computing, Kronos Fusion Energy will use proprietary algorithms in simulations that will greatly accelerate the design of an optimized fusion energy generator. Find out how Kronos Fusion Energy is contributing to the future of fusion energy here.

    There is great potential for many military applications for fusion energy across all domains: land, air, sea, space, and cyberspace. On land, clean power with a spectacular reduction in logistics requirements will greatly enhance both the readiness and force protection of U.S. military service members. At sea, there is potential to create fusion power generators for submarines and ships that will be faster, safer, and more powerful with reduced operational costs. In air and space, direct fusion drive technology is emerging that will extend ranges and performance of U.S. military aircraft while also dramatically reducing payload and travel time in the exploration of the universe. In cyberspace, compact and reliable power generation greatly enhances the performance of critical cyber warfare systems. 

    From algorithms to simulation to commercialization, Kronos Fusion Energy plans to build viable fusion energy generators for use at military installations and deployed locations by 2036 and seeks opportunities to incorporate fusion energy across all domains of possible warfare. 

    Kronos Fusion Energy Defense Systems plans to get fusion energy out of the laboratory and on any potential battlefields by aggressively synchronizing a unity of efforts. Brig. Gen. (ret.) Paul E. Owen, Founding Partner and CEO of Kronos Fusion Energy Defense Systems, advised in congruence, “KFEDS recognizes the criticality of the commercialization of emerging technologies and are already grabbing the bull by the horns, building a team that incorporates leadership from across the three pillars of academia, government and industry. This unified effort will allow us to deliver clean, limitless fusion energy to the American people.”

    For further information:

    Kronos Fusion Energy

    1122 Colorado St

    Austin, TX 78701

    https://www.kronosfusionenergy.com/

    PR Contact – Erin Pendleton – e.pendleton@kronosfusionenergy.com

    Source: Kronos Fusion Energy

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