Faraday Factory, the world's largest manufacturer of high-temperature superconductors, announces achievement of 5,000 km cumulative deliveries to disruptive fusion projects worldwide
TOKYO, Sept. 17, 2024 /PRNewswire/ -- Faraday Factory Japan LLC has passed a milestone of 5,000 km, or 1 Giga-Ampere-meter, cumulative deliveries of high-temperature superconductor (HTS) to fusion companies. The users of this enabling superconductor material are spread over four continents and pursue different fusion concepts – tokamak, stellarator, levitating dipole, and magnetic mirror. Superconductors produced by Faraday Factory Japan can be found in almost all fusion machine prototypes currently under development.
Fusion is a limitless source of clean energy, which is urgently needed to reverse climate change. In order to produce energy, very hot plasma must be tightly contained in a fusion reactor by powerful electromagnets. High-temperature superconductor technology has recently enabled such magnets, placing fusion energy finally within engineers' reach. After Bob Mumgaard, Co-Founder and CEO of Commonwealth Fusion Systems, the economically competitive fusion power requires credible innovation and progress, while the development landscape has several types of fusion power machines.
The scale-up of high-temperature superconductor production is of paramount importance for the emerging fusion industry, which has recently attracted over $7 billion of investment. According to the recent report by Fusion Industry Association, over 71% of fusion companies anticipate starting to deliver power to the grid before 2035. To make this happen, multiple prototypes of fusion machines must be built that would consume ~300,000 km of high temperature superconductor.
Faraday Factory Japan CEO Sergey Lee says, "We have succeeded in scaling up our production to thousands of kilometers while maintaining the extremely high quality of superconductor that every fusion developer needs. By round-the-clock operation, we deliver just enough HTS product to keep multiple fusion projects on fast track. Further down the road, we plan to continue our exponential growth to facilitate fusion energy deployment to Gigawatt scale and beyond".
Thea Energy Co-Founder and CEO Brian Berzin stated, "Recent advancements in HTS are allowing companies including Thea Energy to build fusion systems demonstrating the viability and economics for commercial power plants. For the fusion community, the importance of this rapid scaling of HTS capacity is a meaningful step towards the deployment of fusion energy on the grid. We appreciate Faraday Factory's strong commitment to supporting us and our mission of creating abundant clean energy for a sustainable future."
Proxima Fusion Co-Founder and COO Lucio Milanese stated, "Proxima aims to design and build QI stellarators for fusion power plants, drawing unique expertise from the $1.5B+ W7-X project in Germany. HTS technology dramatically increases our design space by enabling higher magnetic fields compared to any other material available. We will need many thousands of kilometers of HTS tape for our magnets and appreciate the effort of Faraday Factory to build a robust supply."
Commonwealth Fusion Systems Chief Science Officer and Co-Founder Brandon Sorbom said, "This is a huge milestone in the development of the HTS supply chain and a testament to Faraday Factory's relentless pursuit of improvement. It's remarkable how far we've come since five years ago, when every meter of tape CFS obtained was hard won. Now we receive not 100's of meters of tape in a shipment but 100's of kilometers. Scaling up HTS tape manufacturing has been crucial to CFS' ability to build our SPARC tokamak and show a strong future for fusion energy."
OpenStar Technologies CEO and Founder Ratu Mataira said, "OpenStar is the only company in the world building a levitated dipole for clean fusion energy. Our Junior magnet integrates key-enabling technologies based on high temperature superconductors like coils and flux pumps. The availability of HTS tape is critical for the rapid iteration cycles that we leverage in our company to retire risk for orders of magnitude less capital, and in a fraction of the time, than any other fusion scheme on the planet."
About Faraday Factory Japan:
https://www.faradaygroup.com/en/
https://www.youtube.com/watch?v=oP51LC16nok
https://jp.linkedin.com/company/faraday-factory-japan
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Faraday Factory announces it has delivered over 5,000 km of high-temperature superconductor tape to fusion industry
SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- Although sustainability is a growing business priority, only 6% of business leaders report that their organisation has completed at least one round of sustainability implementation. This is in comparison to 14% from NTUC LearningHub's Special Report on Sustainability 2022. Nevertheless, a positive outlook remains as nearly three quarters of business leaders (72%) share that their organisation will begin its sustainability journey within the next five years or more, marking a 6% increase from the 2022 report.
Employees perceive possessing the knowledge and skills necessary to understand and implement sustainability initiatives at the workplace (6% to a large extent, 55% to a moderate extent, 34% to a small extent). However, more than four in five business leaders (15% strongly agree, 71% somewhat agree) say that there is a gap in expertise and skill sets around sustainability in their organisation where they seek skills like climate change sustainability (30%), environmental management system framework or policy (29%), risk management (29%), sustainability risk and impact assessment (29%), and Environmental and Social Governance (28%).
These are some of the key findings from NTUC LearningHub's Sustainability for Business Resilience Report 2024, which investigates sustainability as a business imperative, the current state of sustainability efforts in organisations, and the critical role of training and certifications. Based on survey involving over 150 business leaders and 350 full-time working professionals, the report also highlights the in-demand job roles and skills that inform and shape individuals' career progression while strengthening the business' resilience.
While nearly a third of business leaders (30%) report having sent their employees for sustainability-related training in the past year, only one in ten employees (11%) report attending sustainability-related training and about half (46%) are unaware of the available programmes in the market. This occurs while both business leaders and employees express similar concerns over training.
When sending employees for training, business leaders grapple with employees being too busy with work to attend training (43%), difficulty in identifying industry-recognised courses (39%) and relevant external training providers or centres (32%), insufficient budget for training programmes (36%), and resistance to change among employees (35%). Meanwhile, employees cite being too busy with work to attend training (43%), training programmes not being fully funded by their company (29%), having no one to cover their work while they are away for training (28%), uncertainty about their skills gaps (28%), and limited in-house training programmes offered by their organisation (27%) as key challenges.
Although nearly four in five business leaders (17% strongly agree, 63% somewhat agree) agree that their organisation has clearly communicated how employees can contribute towards the organisation's sustainability goals, both groups have differing views on the top motivators for sustainability initiatives implementation. Employees report the top three motivators to be cost savings (46%), complying with rules and regulations (44%), and responding to market demand (36%). On the other hand, business leaders cite responding to market demand (54%) as the primary driver, followed by achieving cost savings (49%), and managing risks (43%).
Moreover, one in three employees (33%) lack the confidence in their organisation's ability to effectively implement sustainability initiatives, citing unclear sustainability goals (41%), insufficient budget allocated to sustainability initiatives (34%), and lack of sustainability training programmes (32%) as primary reasons.
Commenting on the report's findings, Mr Tay Ee Learn, Chief Sector Skills Officer, NTUC LearningHub, says, "The findings suggest a possible disconnect between business leaders and employees, likely stemming from a lack of common understanding and therefore shared goal in the journey to implement sustainability initiatives within organisations. Transparent communication is key, but organisations must first develop a clear sustainability roadmap with defined goals to ensure everyone is aligned. This involves prioritising workforce training and development to prepare employees for new and refreshed green roles. Leveraging resources like the NTUC Awareness, Resources, Community (ARC) Framework, which offers sustainability solutions to employers while facilitating the training of their workers, can help organisations address their challenges. Investing in the development of their human capital will go a long way to reassure the workforce that they are valued, allowing both organisations and workers to remain competitive in a dynamic landscape."
To download the Sustainability for Business Resilience Report 2024, please visit https://www.ntuclearninghub.com/media/research-reports/2024/Sustainability. To find out more about the courses, training, and grants, please contact NTUC LearningHub at www.ntuclearninghub.com.
About NTUC LearningHub
NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Infocomm Technology, Generative AI & Cloud, Healthcare, Retail & Food Services, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources & Coaching and Foreign Workers Training.
To date, NTUC LearningHub has helped over 29,000 organisations and achieved more than 2.6 million training places across more than 2,900 courses with a pool of about 900 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships to offer a wide range of relevant end-to-end training. Besides in-person training, we also offer instructor-led virtual live classes (VLCs) and asynchronous online learning. The NTUC LearningHub Learning eXperience Platform (LXP) — a one-stop online learning mobile application — offers timely, bite-sized and quality content for learners to upskill anytime and anywhere. Beyond learning, LXP also serves as a platform for jobs and skills development for both workers and companies.
For more information, visit www.ntuclearninghub.com.
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Sustainability implementation in organisations is still a Work-in-Progress amid lack of training and employee uncertainty over organisation goals
