The current status and future prospects of “the Holy Grail” of energy assessed
Interest in fusion as a clean source of energy is growing. The UK has a world class and expanding research base and the International Thermonuclear Experimental Reactor (ITER) in the South of France is in the advanced stages of construction and assembly. Private sector activity has also accelerated, with over 15 fusion energy start-ups being created since 2009, including Tokamak Energy and First Light Fusion in the UK.
In this high level assessment of the fusion energy sector, the IMechE’s Engineering Policy Unit set out to explore:
- The potential role of fusion in future energy systems
- The steps that need to be taken to convert fusion reactors from scientific experiments to commercial power plants
- The cost drivers of fusion energy and the potential for cost reduction
- The financing options for different investment stages between fusion R&D and a commercial power plant
- The current capacity of the UK to support a fusion industry and the options for expansion
- The possible barriers to fusion energy and opportunities for the UK to lead in commercial deployment
Fusion Energy: A Global Effort – A UK Opportunity was sponsored by Assystem.
Fusion Energy: A Global Effort – A UK Opportunity
Summary for policymakers