Pacific Fusion pursues locating $1B research facility in Albuquerque

ALBUQUERQUE – The New Mexico Economic Development Department and Pacific Fusion announced on Thursday that the company has signed a memorandum of understanding with the state to pursue the siting of a research and development facility in Albuquerque.

The company expects to make a final decision in late September 2025, contingent upon successful site selection and finalization of state incentives. The project will undergo environmental and planning reviews as part of the approval process.

“New Mexico is a natural fit for this project,” said Keith LeChien, Cofounder and Chief Technology Officer at Pacific Fusion. “The Z Machine at Sandia National Laboratories helped lay the foundation for our approach, and the state’s legacy of applied physics innovation, deep talent pool, and business-friendly environment put it in a unique position to become a national leader in fusion energy innovation.”

Full PR: https://www.tricityrecordnm.com/articles/pacific-fusion-pursues-1b-research-facility-in-albuquerque/