"Following a months-long search for a new $1 billion nuclear fusion site, Fremont-based energy startup company Pacific Fusion announced the winner is Albuquerque, New Mexico, which beat out Bay Area bids from both Livermore and Alameda. Pacific Fusion's mission is to be using fusion the process of smashing two atoms together to produce energy as a renewable energy source by 2030."
"Livermore and Alameda officials unsuccessfully offered their own tax incentive packages. In Alameda, officials also offered a purchase option for a 13-acre plot of prime, undeveloped real estate on the city's Alameda Point island, home to the former Naval Air Station. Livermore boasted of close proximity to expert scientists and resources at the Lawrence Livermore National Laboratory that previously shook up the nuclear science world in 2022 when they used fusion to recreate the power of the sun a world first."
Pacific Fusion selected Albuquerque, New Mexico, as the location for its $1 billion fusion site after a months-long search. The company aims to commercialize fusion — the process of smashing two atoms together to produce energy — as a renewable energy source by 2030. Albuquerque and state officials offered $20 million upfront in economic development funds plus a $776 million bond package that provides a 20-year property tax break. Bay Area contenders Livermore and Alameda offered tax incentives, a 13-acre purchase option, and proximity to Lawrence Livermore National Laboratory, but New Mexico's public funding and lower costs prevailed.
Read at www.mercurynews.com
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