From Spaceports:
“AVRC has been awarded a contract by Wise County’s Industrial Development Authority to manage a $7 million energy research center now under construction in the Lonesome Pine Business and Technology Park in Wise, VA focused on the development of inertial electrostatic confinement aneutronic fusion energy at the Appalachia America Energy Research Center along with other projects in a significant energy technology portfilio.
“Plans are in the works to conduct a multimillion-dollar research project in Wise to develop fusion technology into a cheap source for everything from electricity to spacecraft propulsion. Invented by the University of Illinois at Urbana-Champaign’s Dr. George Miley, the process involves pumping aerosol boron plasma into a spherical container where it is made very, very hot. The atoms begin to fuse, creating energy.
“The project will start small, with about 6-8 researchers, and could employ 20-28 researchers within 18 months. If the project becomes commercially viable, it could move to a bigger location and could grow to employ up to 100 people and involve four major research universities. The initial fusion research proposed is $3.5 million.
“With offices in Raleigh, NC and Danville, VA, AVRC has been involved in advanced aerospace research for some time. The firm is now involved with the Lunar Google X-Prize.”
(See the original article for links to the various organizations)