(a)
In general— Not later than 6 months after the date of enactment of this Act, the Director of the Office of Science of the Department of Energy shall establish a Fusion Innovation Initiative. Under the Initiative, the Director shall issue a competitive, merit-reviewed funding opportunity announcement to solicit proposals for engineering designs for innovative fusion energy systems, including upgrades to existing facilities, which have the potential to demonstrate net energy production not later than 7 years after the start of construction.
(b)
Application requirements— In order to be eligible to receive an award under this section, an applicant shall submit an application to the Director that includes—
(1)
a detailed cost estimate and schedule for construction of the design, including a summary of any design modifications that would accelerate the achievement of net energy production; and
(2)
an assessment of the scalability of the design.
(c)
Award and design submission—
(1)
Award— The Director shall review each application submitted under subsection (b) and shall provide awards to applicants with design concepts that the Director considers to have potential based on the criteria described in subsection (a).
(2)
Design submission— As a condition of receiving such award, the Director shall require any such applicant to submit the design upon which the application is based to the Director not later than 18 months after receipt of the award.
(d)
Assessment— The Director shall carry out an assessment of each design submitted under subsection (c)(2) to determine which designs, if any, merit support from the Department due to their potential to demonstrate net energy production not later than 7 years after the start of construction, and shall—
(1)
submit the assessment to Congress not later than 30 months after the date of enactment of this Act; and
(2)
assign top priority to, and provide expedited financial support (to the extent provided in advance in appropriations Acts) for, relevant construction activities for any design that the Director determines merits such support, based on the project management practices of the Office of Science.