""Commercializing fusion energy will require the best talent from both states,""
""California and New Mexico will share in that success as we continue to expand our operations while we build.""
Pacific Fusion selected Albuquerque, New Mexico, as the site for a new $1 billion nuclear fusion facility after a months-long search. The company aims to commercialize fusion energy by 2030, using atom-smashing fusion as a renewable power source distinct from fission. Albuquerque and New Mexico offered $20 million in upfront economic development funds plus a $776 million bond package that provides an effective 20-year property tax break. Livermore and Alameda submitted competing bids including tax incentives, a 13-acre Alameda Point purchase option, and proximity to Lawrence Livermore National Laboratory. New Mexico’s large public funding and lower operating costs tipped the decision in its favor.
Read at The Mercury News
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