New Mexico Governor announces $1 billion investment in fusion energy
Pacific Fusion has selected New Mexico as the site for its first Research and Manufacturing Campus.
New Mexico Governor Michelle Lujan Grisham has announced that Pacific Fusion, a commercial fusion energy company, has selected New Mexico as the site for its first Research and Manufacturing Campus.
The $1 billion facility at Mesa del Sol positions New Mexico at the forefront of the emerging fusion energy industry and cements its role as a national leader in advanced energy innovation.
Fusion, the same process that powers the sun and stars, has long been considered the holy grail of clean safe energy, and with the potential to generate near-limitless on-demand power.
“Pacific Fusion’s decision to build in New Mexico proves that our state can compete—and win—in the race to attract the most innovative companies in the world,” Governor Lujan Grisham said. “This project will create good jobs, expand our clean-tech economy, and ensure New Mexico continues to lead in the industries of the future.”
Pacific Fusion will build a state-of-the-art research and manufacturing facility, housing its Demonstration System, which is designed to achieve net facility gain—producing more energy from a fusion reaction than the total energy used – by 2030. Reaching this milestone would mark a historic breakthrough toward commercial fusion power.
“After years of working to build Albuquerque as a hub for energy technology innovation, Pacific Fusion joins a growing number of companies that are choosing our city to literally ‘power’ our future,” Albuquerque Mayor Tim Keller said. “Today is proof of the assertion that we have passed a turning point—that our city is not only on the map, but can define the next chapter of clean-energy innovation.”
Pacific Fusion was founded in 2023 to deliver affordable fusion energy. Its technology builds on New Mexico’s legacy of applied physics and clean-energy innovation, including decades of research at Sandia National Laboratories, home to some of the world’s leading fusion experiments. In addition to its historic leadership in applied physics and energy innovation, New Mexico offers a growing clean-tech ecosystem and a workforce that aligns with Pacific Fusion’s future hiring needs.
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