Mayor Keller Signs Legislation Helping Clear the Way for $1 Billion Pacific Fusion Campus to Albuquerque

ALBUQUERQUE – Mayor Tim Keller today signed legislation at City Hall, where he was joined by Pacific Fusion leadership, helping to clear the way for the company to build a $1 billion research and manufacturing campus at Mesa del Sol. The new facility cements Albuquerque’s role as a national leader in advanced energy innovation and will create more than 200 high-wage jobs and hundreds of construction jobs.

“After years of working to build Albuquerque as a hub for energy technology innovation, Pacific Fusion joins a growing number of companies that are choosing our city to literally ‘power’ our future,” said Mayor Tim Keller. “Today is proof of the assertion that we have passed a turning point – that our city is not only on the map, but can define the next chapter of clean-energy innovation.”

The legislation signed by Mayor Keller authorizes the performance-based incentives that made this historic investment possible. These include $10 million in Local Economic Development Act funds, $9 million from the State and $1 million from the City, as well as $776 million in City-issued Industrial Revenue Bonds, abating property taxes over 20 years. Pacific Fusion will only receive these incentives as it meets its commitments to create new jobs and make significant capital investments.

The state-of-the-art campus will house Pacific Fusion’s Demonstration System, with the goal of achieving net facility gain, producing more energy from a fusion reaction than the total energy used, by 2030. If reached, this milestone would mark a breakthrough in clean, limitless energy.

“We’re excited to expand our operations to New Mexico for many reasons, chief among them the close partnership we’ve developed with state and local leadership, who have made this project possible,” said Keith LeChien, co-founder and CTO of Pacific Fusion. “Working alongside the City of Albuquerque, the Governor’s office, and the state’s economic development leaders, we’ve built true partnerships that give us confidence we can move quickly to deliver on the promise of low-cost fusion power.”

Pacific Fusion’s decision builds on New Mexico’s long history of energy innovation and decades of research at Sandia National Laboratories, while adding to the city’s growing clean-tech ecosystem.

“Pacific Fusion’s decision to build in Albuquerque proves our city is ready to lead in the industries of the future,” said Economic Development Director Max Gruner. “This project will bring good jobs, drive innovation, and anchor a clean-energy ecosystem that benefits our entire community.”

Construction on the new Mesa del Sol facility is scheduled to begin in 2026, with manufacturing operations launching before the end of the year.