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California-based General Atomics has stepped into the fusion spotlight with a $20 million, ten-year investment in Fusion Fuel Cycles, Inc. (FFC), a Canadian joint venture between Canadian Nuclear Laboratories (CNL) and Kyoto Fusioneering. The deal marks a landmark partnership to speed up development of UNITY-2, a tritium fuel cycle test facility that could help unlock the path to commercial fusion power.

Anantha Krishnan, senior vice president of the General Atomics Energy Group, noted,

“Our collaboration with FFC is a pivotal step toward realizing the full potential of fusion energy. Developing a practical fusion power plant demands that all core systems—including the fuel cycle—operate in concert. This collaboration directly targets one of the toughest challenges and brings us closer to solving the puzzle of integrating a complete, functional fusion system.”

Scheduled to go live by mid-2026, UNITY-2—based at CNL’s Ontario campus—will be the first fully integrated facility in the world to test the deuterium-tritium (D-T) fuel cycle, a key puzzle piece for building a working fusion power plant.

Why Tritium Testing Matters?

Fusion, the same reaction that powers the sun, is often called the “holy grail” of clean energy. To work at scale, a D-T fusion power plant needs four systems:

  • A plasma confinement device, like a tokamak or stellarator
  • A blanket system to capture energy and produce new fuel
  • A fuel cycle system to handle and recycle tritium
  • A conversion system to turn heat into electricity

UNITY-2 will focus on the fuel cycle system, simulating the full process of tritium recovery, purification, and resupply. This is critical because tritium is rare, radioactive, and expensive. Mastering its safe handling will determine how practical and scalable fusion power becomes.

UNITY-2 Parameters

unity 2 fusion
Source: Fusion Fuel Cycles

CNL’s Role in Canada’s Fusion Push

The Canadian government has signaled strong support. Honourable Mélanie Joly, Minister of Industry, responsible for Canada Economic Development for Quebec Regions, said,

“Advancing innovation in clean energy technology is a key priority for the Government of Canada. This investment by General Atomics in Fusion Fuel Cycles Inc, made through the Industrial and Technological Benefits Policy, will support the development of fusion energy, strengthen Canada’s competitive advantage in the green economy of the future, and create high-value jobs and economic benefits across the country.”

Canada is already moving fast on fusion. Last year, CNL hosted Fusion Day 2024 in Ottawa, where leaders unveiled the “Fusion Energy for Canada” report, a national strategy to make fusion energy part of the country’s net-zero toolkit by 2050.

cnl Canada nuclear fusion
Source: CNL

According to the report, fusion is no longer just a science experiment—it’s shifting into a stage of prototypes and demonstrations. Globally, there are now 98 fusion experiments in operation, 13 under construction, and 33 more planned. Meanwhile, the number of private companies in the space has increased to 43 firms worldwide, attracting more than $8.2 billion in funding.

The report urged Canada to seize the economic and environmental benefits by creating a fusion ecosystem supported by clear policies and government backing.

Expanding Canada’s Nuclear Programs

To make this happen, CNL announced expansions of two major programs:

  1. Small Modular Reactor (SMR) Invitation Process – now open to fusion prototypes, giving developers access to demonstration sites at Chalk River and Whiteshell Laboratories.
  2. Canadian Nuclear Research Initiative (CNRI) – broadened to support fusion R&D, offering cost-shared research opportunities to companies developing advanced reactors.

By leveraging existing nuclear infrastructure, Canada is positioning itself as a hub for both fission and fusion innovation.

General Atomics Brings Global Expertise

General Atomics (GA) is no stranger to fusion. From its base in San Diego, the company runs the DIII-D National Fusion Facility, the largest magnetic fusion research center in the United States. The lab is the only operational tokamak in the country and a cornerstone of America’s fusion roadmap.

With UNITY-2, GA will not only contribute funding but also use the facility to advance its own R&D on fusion components. The company will work with Canadian teams to develop best practices for tritium management and safety, while also laying the groundwork for a future blanket test facility—another vital step toward commercial fusion power plants.

The investment also counts toward GA’s Industrial and Technological Benefits obligations tied to Canada’s procurement of MQ-9B SkyGuardian Remotely Piloted Aircraft Systems (RPAS), underscoring how fusion and aerospace partnerships can align.

A Surge of Fusion Investment Worldwide

General Atomics’ move comes at a time when the fusion industry is attracting record levels of capital. The Fusion Industry Association’s Global Fusion Industry Report shows that companies raised $2.64 billion between July 2024 and July 2025. That’s a 178% jump from the previous year, marking the highest annual investment since 2022.

Cumulatively, private and public funding in fusion has hit $9.77 billion across 53 companies—a five-fold jump since 2021. The number of firms has more than doubled in just four years, expanding from 23 to 53.

Powering the Future – Fusion & Plasmas

GA also emphasized the Department of Energy’s Fusion Energy Sciences Advisory Committee (FESAC) had unveiled a roadmap for U.S. fusion and plasma research.

The report urges the U.S. to push forward with fusion energy development, highlighting its potential to power society while cutting emissions. It outlines a vision for affordable, practical fusion and sets the stage for building a pilot plant by the 2040s

Big Tech Joins the Race

Tech giants are fueling this momentum. In June, Google signed a 200-megawatt power purchase agreement with Commonwealth Fusion Systems (CFS)—the largest corporate offtake deal in fusion history. The contract covers half the output from CFS’s first ARC plant in Virginia, set for the early 2030s.

Meanwhile, Microsoft partnered with Helion Energy in 2023 for 50 megawatts of fusion power by 2028. The deal has since grown, with Helion raising a $425 million Series F round in January 2025, pushing its valuation above $5.4 billion.

Record Funding Rounds Signal Investor Confidence

Several startups have made headlines with massive funding rounds, showcasing investors confidence in fusion’s potential.

  • Pacific Fusion burst onto the scene with a $900 million Series A, one of the largest in fusion history, backed by General Catalyst and Bill Gates.
  • Marvel Fusion, based in Germany, extended its Series B to €113 million, making it Europe’s best-funded fusion company. Investors included Siemens Energy Ventures and the European Innovation Council Fund, marking the EIC’s first private fusion equity stake.

Oil and Gas Step In

Traditional energy giants are also hedging their bets on fusion. Companies like Chevron, Shell, and Equinor have invested in startups, betting that fusion could reshape the global energy system. Their involvement signals that fusion is no longer just the domain of labs and startups—it’s attracting serious interest from incumbents in oil and gas.

Despite the optimism, challenges are significant. A survey of fusion firms revealed that 83% still see funding as a top barrier. On average, companies estimate they need $700 million each to get a pilot plant online. Across the sector, that adds up to around $77 billion in required capital—eight times what’s currently committed.

Even so, 84% of companies expect to supply electricity to the grid before 2040, with over half targeting 2035. The industry has also grown its workforce, employing more than 4,600 people directly and another 9,300 in the supply chain.

A Transformative Moment for Fusion

The UNITY-2 project highlights the importance of international collaboration in building the infrastructure for commercial fusion. Canada is positioning itself as a global hub, while General Atomics strengthens its leadership role.

The wave of new funding, corporate commitments, and government backing suggests fusion is moving from dream to early commercial reality. While hurdles remain—especially around financing and scaling—confidence in the sector has never been higher.

Fusion’s promise is clear: a near-limitless source of clean, reliable energy that could play a central role in meeting global net-zero goals by 2050. With UNITY-2, Canada and General Atomics are helping bring that vision one step closer.

The post General Atomics Fuels UNITY-2 Fusion Project in Canada as Global Fusion Investment Hits $2.64 Billion appeared first on Carbon Credits.

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McKibben opts for a small-tent climate movement

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A few months ago I went to a climate change forum at the Center for Brooklyn History. The panel I attended, “Confronting Climate Change: Understanding Deniers,” featured the prominent climate activist, Bill McKibben.

Bill McKibben. Courtesy https://billmckibben.com/.

I was curious to hear McKibben’s take on climate change deniers. I don’t regard the true deniers as a big problem – they’re only 11-15% of our country, according to most polls. Rather, I wondered if McKibben would label as “climate deniers” people who agree that climate change is a significant problem but disagree with his framing and his proposed solutions. I have worked for decades on energy and climate matters as an energy lawyer. Now, more than ever, I believe that to address climate change we need to build a big tent.

In the Q&A I tested where McKibben is on this by asking if he would label as a climate denier someone who subscribes to the main tenets of climate change science yet holds that natural gas has a role to play as a bridge fuel. (Our exchange starts at 1:12:45 of the video.)

This could have been a chance for McKibben to make clear that such a view isn’t climate denialism, even if he feels it’s misguided. But he punted, saying “I don’t care whether they’re deniers or not.” For good measure, he threw in his long-standing refrain that swapping coal for natural gas makes climate change worse, despite coal’s far higher carbon content per unit of energy.

674-MW methane-powered generating station, Salem, MA.

As you can hear in the recording, McKibben’s claim that gas is worse than coal draws on the work of Cornell scientist Robert Howarth. Yet McKibben didn’t mention that Howarth’s work is controversial and disputed by many scientists. The crux of the dispute is whether methane’s impact on warming should be measured with a 20-year or 100-year time frame.

Methane is a relatively short-lived greenhouse gas, with a lifetime of around 10 years, versus the 100-year life applicable to carbon dioxide. But each ton of methane is far more potent while in the atmosphere, trapping roughly 100 times as much heat as a ton of CO2. These cross-cutting facts about atmospheric methane — shorter life but greater potency than CO2 — have resulted in two opposing camps: one insisting on a 20-year timeframe for greenhouse gas accounting, the other adhering to the established 100-year frame. This matters because with a 20-year timeframe, generating electricity with natural gas (which, chemically speaking, is essentially all methane) is more damaging to climate than coal-fired electricity.

McKibben blew past this dispute. To hear him at the Center for Brooklyn History, one would have no inkling that there’s an active disagreement over which timeframe to use, that there are staunch climate activists who favor the 100-year time frame, and that the Intergovernmental Panel on Climate Change  (IPCC) generally uses the 100-year timeframe.

McKibben’s latest (2025) book. Published by W.W. Norton & Company.

McKibben also insisted that a discussion about natural gas’s potential role in mitigating climate change as a replacement for coal is irrelevant because solar “is now our cheapest resource.” McKibben’s claim, of course, suffuses “Here Comes the Sun,” his 2025 book that extols solar power as the cheapest solution for all of our energy needs. But this too is questionable, because it’s based on cost comparisons between solar farms and natural gas power plants (or nuclear power plants) that fail to consider that electricity supply and delivery is a complex system of wires and plants rather than individual power plants. Based on his remarks, McKibben is choosing to ignore studies such as the comprehensive 2025 report from the Clean Air Task Force that concluded that plant-level cost comparison “is a good metric to track historical technology cost evolution [but] is not an appropriate tool to use in the context of long-term planning and policymaking for deep decarbonization.” And the task force is not alone in finding that when electricity is treated as a system, solar loses its place as the cheapest low-carbon resource.

The dogmatism McKibben displayed at the Brooklyn meeting was unfortunate. We’re in a time when efforts to combat climate change are in retreat. A unified front is required to turn the tide. Instead of doubling down on absolutist positions, activists like McKibben who seem convinced that the solution to climate change is all-renewables, end of discussion, should be seeking common ground with others who want climate action but believe that nuclear power and natural gas must also play a role.

NYC Climate March, Sept 17, 2023. Photo: C. Komanoff.

Climate change activists need to build a bigger tent, rather than call anyone who disagrees with their positions a climate change denier. It is striking that McKibben stuck to his guns after saying in the same talk that the most important goal for everyone right now is to help climate change realists win more House and Senate seats in this year’s midterms. As some have noted, an absolutist position on natural gas appears less likely to achieve that win and politicians are following that advice.

Will McKibben evolve? He has demonstrated that he knows how to build a national climate movement centered around issues like divestment. Given the current political situation, he should focus on building an even bigger tent by welcoming all of the 85% who believe that we need to address climate change but do not agree with his ideological positions.

Rich Miller is an energy lawyer who has worked for a variety of stakeholders and now gives walking tours in lower Manhattan on the history of electricity. 

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Rebranding ‘Balcony Solar’ as ‘Guerrilla Solar’ won’t lift its climate value.

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Image generated with Claude. Why have we juxtaposed a bicycle with balcony solar? Read on.

First it was Plug-In Solar. Then it was Balcony Solar. Now it’s Guerrilla Solar, at least according to Inside Climate News, which yesterday proclaimed that The ‘Guerrilla Solar’ Era Has Arrived.

“It,” of course, is Modular solar panels. They’re the hot new photovoltaic solution: cheap enough to buy at Home Depot, easy to hang or prop to catch maximum rays, and small enough to fit on a balcony (if you’ve got one) and plug into your “home grid.” But, alas, too meager a generator of electricity to be more than a bit player in decarbonizing most U.S. homes.

How do I know? I’ve done the math.

A standard, lower-end 220-watt balcony solar array will produce 337 kilowatt-hours a year, or 28 kWh a month averaged over the course of a year. That’s for a 220W unit measuring 3.5 feet by 3.5 feet. (220W x 1/1000 x 17.5% x 8760 hours per year = 337 kWh. Calculation assumes a 17.5% full-year capacity factor, which is arguably generous for New York, where I live. )

Our balcony solar mashup. Top: an install in Germany. Bottom: Home Depot advert.

A typical U.S. home consumes 10,500 kWh a year, or 28 to 29 kWh per day, says Solartech, drawing on U.S. Energy Information Administration data. That puts a home’s daily power needs on par with a balcony solar unit’s monthly output. In effect, once each month the balcony array gifts a homeowner or renter a bit more than day’s full complement of electricity. And earth’s atmosphere gets the same respite: a 3 percent reduction in carbon emissions caused by the home’s electricity usage.

(The 3 percent figure could also be calculated directly by dividing 337 kWh per year of solar production by 10,500 kWh per year to run the home. For bigger or smaller arrays, just prorate your assumed wattage by my 220W; for 440W, say, double my figures.)

Balcony Solar metrics

Why write about balcony solar if it’s so inconsequential? CTC’s mission includes puncturing would-be climate balloons before they ascend too far. In the same vein, we practice quantification to make clear what does and doesn’t move the climate needle. (More on that further below.)

The best way to depict balcony solar’s climate value is to express it in terms of tangible metrics. We’ve selected two. Both assume the basic, lower-end PV array I assumed at the top: a 3.5 foot-square array whose peak output is 220 watts.

1. It would take 50 million 220W balcony solar units (bsu’s) to restore the climate benefit we destroyed in 2020-2021 when we shut the high-performing Indian Point nuclear power plant 32 miles from Midtown Manhattan.

2. A single person cutting back their driving by a mile a day would provide the same climate benefit over the course of a year as a single 220W bsu.

(Calculations in sidebar. Now you know why we led with images of an urban dweller as cyclist and balcony solar user.)

Yes, it’s dense — as befits a sidebar. The numbers tell a story. Follow the color co-ordination.

Ponder that: It would take fifty million smallish bsu’s to level up to the fossil fuel carbon emissions that Indian Point was keeping at bay by supplying the New York City area year in and year out with abundant carbon-free power. Deploying that many balcony solar units would entail 10 bsu’s for each of the 5 million households in the MTA’s service territory. (The Metropolitan Transportation Authority provides subway, bus and commuter rail transit in the five boroughs and seven suburban counties.) Or, if those same households upgraded to 1100-watt bsu’s, collectively they would still make up only half of the lost Indian Point power.

The second comparison, involving driving, is perhaps trickier to grasp but more interesting, since it relates to people’s behavior. Living differently isn’t part of public discourse, at least not in the USA, and especially when what’s being served up is using less. But “reducing,” as we might call it (remember “Reduce, Reuse, Recycle”? or, “Insulate, then Insolate”?) is just as potent for cutting emissions as switching to renewables — even more so when the reducing means driving less, considering the multitude of benefits that accrue from diminishing cars’ imprints on our communities. Still, staying on topic: driving just one fewer mile per day brings about the same shrinkage in carbon emissions as deploying one 220W solar array.

What Balcony Solar boosters are really saying

To be fair, our friends at Inside Climate News and, yes, The New York Times appear to be trying to modulate their balcony solar enthusiasm.

ICN‘s Dan Gearino, whom we cited up front, said he looked to Germany, the birthplace of balcony solar, to see if the units made sense for U.S. households. His takeaway: “It may make more sense financially to spend the cost of plug-in solar on insulation, air sealing or other basic measures to reduce energy use.” Hooray: insulate before you insolate.

Gearino helpfully interviewed renewables guru (and U.S. emigré) Craig Morris, who currently heads Germany’s plug-in solar trade association, Bundesverband Steckersolar. To Morris, balcony solar’s main advantages are that it provides power without taking up land, and that it affords people a way to “become participants in the transition to clean energy.” Behold, guerrilla solar. That, in turn, bolsters “the political consensus that supports the transition.” But Morris also made clear that widespread adoption of plug-in solar would only meet “about 2 percent of Germany’s electricity demand.”

Morris’s “about 2 percent” feels right for Germany. But not for the U.S., where widespread adoption of virtually any individual carbon alternative seems forever out of reach, and where the energy pie is so much larger — think giant fridges, freezers for beer, steroidal homes bursting with piles of powered toys, not to mention industrial and institutional electricity use that Morris correctly excluded from his figure.

Don’t forget to micro-dose. NYT headline + image for David Wallace-Wells’ guest essay (see text). Image by Rui Pu.

Both Gearino and Morris seem more measured than climate journalist Robinson Meyer, founding editor of Heatmap and frequent contributor to The Times, where he wrote about balcony solar in mid-June.

“New zero-carbon power kits will allow Americans to make their own energy choices,” declares the callout to the print version of Meyer’s NYT guest essay, The Tiny Solar Panel That Could Change America. (The even more expansive print headline invites us to “Forget Roofs. Backyard Solar Is the Next Frontier.”)

Wallace-Wells is of two minds. He calls balcony solar “a small way that apartment- and condo-dwelling Americans can take ownership of their energy choices and cut down their pollution on the margins.” No quarrel there, thanks to his qualifiers “small” and “on the margins.” Earlier, though, he opines that balcony solar units “have the potential to change how Americans understand and consume energy,” But read further and you’ll again see Wallace-Wells cautioning that “Balcony solar will play one small role in [the] drama” of transiting to the new world of clean, abundant energy.

Any such caveats are welcome these days, amid widespread solar hoopla. Still, it doesn’t seem to be in Wallace-Wells’ toolkit — or that of Inside Climate News and other mainstream climate journalists — to tutor their audiences as to the  true limits of balcony solar and other panaceas. Just like it wasn’t in their field of vision a decade ago to lay out the true stakes of shutting Indian Point as Riverkeeper was singing its siren song.

What’s Next for NY Balcony Solar

Meantime, as Canary Media reported recently (and helpfully), New Yorkers concerned with climate and affordability are waiting for NY Gov. Kathy Hochul to sign the recently passed SUNNY (Solar Up Now New York) Act legalizing balcony and other plug-in solar. It would be head-spinning (and politically suicidal) if she didn’t, given near-universal support ranging from Con Edison to DSA Assembly Member Emily Gallagher, who told Canary Media, “This is the most popular bill I’ve [ever] worked on.”

My guess is that Hochul is waiting for the right moment, and perhaps the right “package,” that can advance and not undercut her push to launch five large new nuclear power plants around the state — one to be built by the public New York Power Authority, the others to be constructed and operated privately. A little bit of math, a la what we offered here a la Indian Point, might help her out.

The governor also must manage the veritable hot potato of her deferred implementation of the landmark 2019 Community Leadership and Climate Protection Act. She might do well to consider jettisoning the act’s unwieldy cap-and-invest centerpiece in favor of a straight-up carbon tax (with the revenues distributed pro rata to the state’s households) in its place. That, far more than balcony (or guerrilla) solar, could blow open the door to the “innovations and technologies we cannot yet imagine” that Wallace-Wells fantasized about in his Times essay.

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The new SBTi Corporate Net-Zero Standard: what it means for business

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On 11 June 2026, the Science Based Targets initiative (SBTi) published the most substantial revision of its flagship corporate framework since its introduction. The SBTi Corporate Net-Zero Standard Version 2.0 takes effect on 1 February 2027 and reshapes the way companies approach their net-zero targets.

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