General Atomics Receives $20 Million Tax Credit to Advance Fusion Energy Development (opens original article in a new tab)

General Atomics has received a $20 million tax credit from California to advance fusion energy development through the design and construction of a Blanket Component Test Facility in San Diego. The project involves collaboration with the U.S. Department of Energy and other academic and industry partners, and is part of California's efforts to support the growth of the fusion sector and create quality jobs.

• General Atomics receives $20 million tax credit from California to develop a Blanket Component Test Facility for fusion energy
• The facility aims to test fusion blanket components, essential for capturing energy and producing tritium in fusion reactions
• California's tax credit program supports business growth and job creation in the state
• The project involves collaboration with the U.S. Department of Energy and other academic and industry partners
• California has introduced legislation to accelerate fusion technology development and commercialization
• General Atomics has a long history in fusion research, dating back to 1957