Faraday Factory, the world's largest manufacturer of
high-temperature superconductors, announces achievement of 5,000 km
cumulative deliveries to disruptive fusion projects
worldwide
TOKYO, Sept. 17,
2024 /PRNewswire/ -- Faraday Factory Japan
LLC has passed a milestone of 5,000 km, or
1 Giga-Ampere-meter, cumulative deliveries of high-temperature
superconductor (HTS) to fusion companies. The users of this
enabling superconductor material are spread over four continents
and pursue different fusion concepts – tokamak, stellarator,
levitating dipole, and magnetic mirror. Superconductors produced by
Faraday Factory Japan can be found in almost all fusion machine
prototypes currently under development.
Fusion is a limitless source of clean energy, which is urgently
needed to reverse climate change. In order to produce energy, very
hot plasma must be tightly contained in a fusion reactor by
powerful electromagnets. High-temperature superconductor technology
has recently enabled such magnets, placing fusion energy finally
within engineers' reach. After Bob
Mumgaard, Co-Founder and CEO of Commonwealth Fusion Systems,
the economically competitive fusion power requires credible
innovation and progress, while the development landscape has
several types of fusion power machines.
The scale-up of high-temperature superconductor production is of
paramount importance for the emerging fusion industry, which has
recently attracted over $7 billion of
investment. According to the recent report by Fusion Industry
Association, over 71% of fusion companies anticipate starting to
deliver power to the grid before 2035. To make this happen,
multiple prototypes of fusion machines must be built that would
consume ~300,000 km of high temperature superconductor.
Faraday Factory Japan CEO Sergey Lee
says, "We have succeeded in scaling up our production to thousands
of kilometers while maintaining the extremely high quality of
superconductor that every fusion developer needs. By
round-the-clock operation, we deliver just enough HTS product to
keep multiple fusion projects on fast track. Further down the road,
we plan to continue our exponential growth to facilitate fusion
energy deployment to Gigawatt scale and beyond".
Thea Energy Co-Founder and CEO
Brian Berzin stated, "Recent
advancements in HTS are allowing companies including Thea Energy to
build fusion systems demonstrating the viability and economics for
commercial power plants. For the fusion community, the importance
of this rapid scaling of HTS capacity is a meaningful step towards
the deployment of fusion energy on the grid. We appreciate Faraday
Factory's strong commitment to supporting us and our mission of
creating abundant clean energy for a sustainable future."
Proxima Fusion Co-Founder and COO
Lucio Milanese stated,
"Proxima aims to design and build QI stellarators for fusion power
plants, drawing unique expertise from the $1.5B+ W7-X
project in Germany. HTS
technology dramatically increases our design space by enabling
higher magnetic fields compared to any other material available. We
will need many thousands of kilometers of HTS tape for our magnets
and appreciate the effort of Faraday Factory to build a robust
supply."
Commonwealth Fusion Systems Chief Science
Officer and Co-Founder Brandon
Sorbom said, "This is a huge milestone in the
development of the HTS supply chain and a testament to Faraday
Factory's relentless pursuit of improvement. It's remarkable
how far we've come since five years ago, when every meter of
tape CFS obtained was hard won. Now we receive not 100's
of meters of tape in a shipment but 100's
of kilometers. Scaling up HTS tape manufacturing has
been crucial to CFS' ability to build our SPARC tokamak and
show a strong future for fusion energy."
OpenStar Technologies CEO and Founder
Ratu Mataira
said, "OpenStar is the only company in the world
building a levitated dipole for clean fusion energy. Our Junior
magnet integrates key-enabling technologies based on high
temperature superconductors like coils and flux pumps. The
availability of HTS tape is critical for the rapid iteration cycles
that we leverage in our company to retire risk for orders of
magnitude less capital, and in a fraction of the time, than
any other fusion scheme on the planet."
About Faraday Factory Japan:
https://www.faradaygroup.com/en/
https://www.youtube.com/watch?v=oP51LC16nok
https://jp.linkedin.com/company/faraday-factory-japan
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SOURCE Faraday Factory Japan