ALBUQUERQUE, N.M. (KRQE) – Albuquerque City Council has signed off on hundreds of millions in bond funding to attract a fusion energy company. Monday evening, councilors approved $776 million in industrial revenue bonds that can be issued to Pacific Fusion, which has listed Mesa del Sol as its number one choice for a new facility. The council also approved up to $10 million in LEDA funding to support the proposed project.

The City of Albuquerque's Economic Development Director, Max Gruner, urged that these funds get approved to entice Pacific Fusion to pick Albuquerque. "I do want to point out that this is an atypical project in bringing a project to you. We are still in a competitive posture for this project. We are competing with two municipalities in California," said Gruner.

If Albuq

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