CORRECTING and REPLACING The European Gauss Fusion Initiative Seeks to Use Magnetic Fusion to Ensure a Clean and Safe Energy Supply
01 March 2023 - 8:04AM
Business Wire
Please replace the release with the following corrected version
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Gauss Fusion wants to provide energy
security for future generations by establishing fusion power as a
safe and clean source of energy (source: Adobe Stock/Banana Images
– stock.adobe.com)
The updated release reads:
THE EUROPEAN GAUSS FUSION INITIATIVE SEEKS
TO USE MAGNETIC FUSION TO ENSURE A CLEAN AND SAFE ENERGY
SUPPLY
Gauss Fusion GmbH is a greentech venture founded in 2022 by
various European companies from Germany, France, Italy and Spain
with extensive experience in fusion technology. In February 2023,
Gauss Fusion completed a founders’ pre-seed financing round with €8
million in initial capital, marking a first milestone on the way to
a clean and secure energy source to complement renewable
energies.
The Gauss Fusion Initiative has set itself the goal of bringing
the first European GW-class (electric) fusion power plant (Gauss
GIGA fusion power plant) online by 2045. The initiative is
characterized by its strong industrial leadership and close
cooperation with renowned European research institutes and
experienced technology experts, including the Max Planck Institute
for Plasma Physics (IPP) and the Karlsruhe Institute of Technology
(KIT). At present, fusion energy is primarily being developed
within the framework of international state-financed large-scale
projects. Gauss Fusion now offers support to this process, which
has the potential to accelerate the development of clean fusion
energy generation “at venture speed” thanks to efficient
structures. Gauss Fusion is a proponent of an entrepreneurial path
to a considerable acceleration of fusion energy in a close
“public-private partnership” (PPP) with national and European
institutions.
Developing clean and safe energy sources for a modern “net-zero”
society is a key challenge of our time. The entirety of the energy
supply cannot be covered by renewable energies alone, not least
because of the space requirements and the natural fluctuations in
the generation of solar and wind energy. A supplementary energy
source is needed that delivers the base load cleanly, safely,
reliably and efficiently, and allows the continuous production of
green hydrogen.
Under its motto of “Fusion with Integrity”, Gauss Fusion is
pursuing the ambitious but realistic goal of providing green energy
through magnetic fusion – without raising any false expectations.
Dr. Frank Laukien, co-founder and Chairman of the Advisory Board of
Gauss Fusion GmbH, is all too aware of this: “To develop a European
magnetic fusion power plant – and not just a pilot or demonstration
plant – by 2045 is an ambitious but realistic goal that we can
achieve not only thanks to our advanced technology, but also
through our public-private partnership approach. We expect
synergies to emerge from our industrial organizational structure
and the cooperation with excellent scientists and institutes with
substantial experience in magnetic fusion and plasma physics.”
The close cooperation between industry and science also has won
over Prof. Sibylle Günter, scientific director of the IPP: “We look
forward to working with Gauss Fusion to help build a fusion power
plant as quickly as possible. We are delighted that industrial
companies and investors in Germany and Europe now also want to
promote fusion energy. This can greatly speed up our journey to a
magnetic fusion power plant.”
Frédérick Bordry, former Director of Accelerators and Technology
and Honorary Member of CERN, adds: “Fusion on the Sun has been
taking place for more than 4.5 billion years and is essential for
life on earth. Reproducing it and controlling it in power plants
would give us access to an important and sustainable source of
decarbonized energy. Decisive progress has recently been made in
the field of fusion energy, and I am confident that Gauss Fusion
will significantly accelerate integration of the technologies
needed to build a grid-connected power plant. It will be the result
of an alliance of leading industries, scientists and institutes.
Such a power plant could be operational as early as 2045 and I am
proud and honored to chair the Gauss Fusion Strategic and
Scientific Advisory Board.”
Fusion energy is gaining relevance in political discourse in
the EU
Ever since scientists in the US made an historic breakthrough in
fusion in mid-December last year, when more energy was produced
than consumed for the first time ever by fusing hydrogen isotopes,
fusion has become the focus of political attention as a clean and
safe source of energy. The German Federal Ministry of Education and
Research is also leading the way in this regard and wants to
increase its involvement in fusion research.
At the same time, Gauss Fusion will work together with renowned
magnetic-fusion scientists and engineers in an initial exploratory
and research phase on the necessary industrialization, maintenance
and safety concepts, in order to then start with the design and
development of the commercial prototype of a GW-class (electric)
fusion power plant in phase 2.
Frank Laukien: “I’m pleased that many political decision-makers
in Germany, in other European countries, and the EU have recognized
the opportunities offered by fusion energy, as we can see from the
recent joint statement by Federal Chancellor Olaf Scholz and French
President Emmanuel Macron, made on the occasion of the 60th
anniversary of the signing of the Élysée Treaty. In addition, we
expect leading partners from the energy industry to join the Gauss
Fusion initiative in the near future.”
About Gauss Fusion: Gauss Fusion GmbH was founded in 2022
with locations in Germany and is planning to expand to other
European countries over time, with the aim of dramatically
accelerating the most advanced developments in high-field magnetic
fusion, and subsequently the first fusion power plants on the grid.
Founding companies and strategic partners from the fusion
technology industry are Alcen (France), ASG Superconductors
(Italy), Bruker EAS (Germany), IDOM (Spain), and RI Research
Instruments (Germany). Co-founder and Executive Chairman is the
German-American dual citizen Dr. Frank Laukien, President and CEO
of the international Bruker Corporation. In addition to the
Advisory Board, which is made up of founders’ representatives, a
Strategic & Scientific Advisory Board (SSAB) made up of
renowned European scientists and fusion experts will support the
development of fusion technology and the Gauss fusion power
plant.
For more information, see: Gauss Fusion – Leading Europe to
build Fusion Power Plants (gauss-fusion.com) Gauss Fusion: Overview
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Media: Martina Rauch
press@gauss-fusion.com Mobile: +49 170 71 41 856
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