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According to the report, which examines the potential for fusion in the UK, the government has estimated the 2040 levelised costs of electricity (LCOE) for the UK for standalone offshore wind, onshore wind and large-scale solar of £40/MWh, £44/MWh and £33/MWh respectively.
The £60-£70/MWh cost for fusion “provides the first target for nuclear fusion to be economically competitive”, the report concludes. It says fusion is uncompetitive today with other low-carbon options available in the UK – including wind and light-water nuclear fission reactors. The reason for this is the combination of a relatively high construction cost (£5,887/kWe) and a low capacity factor (56%).
The International Energy Agency has put the LCOE for advanced nuclear at $63/MWh (about £45/MWh).
With an improved, large fusion design the construction cost decreases to £4,135/kWe and the capacity factor to 75%. These two effects improve the fusion economics, decreasing the LCOE into the range £60 to £97/MWh. For a small fusion design, the energy cost of 75 units is in the region of £69- £99/MWh – a range that is comparable to 10 units of large fusion reactors and also the energy cost of LWR fission reactors.
- Source: Nucnet
- Date: Saturday, 23 October 2021
- Original article: nucnet.org/news/capital-costs-are-high-but-can-be-reduced-to-economically-competitive-level-10-4-2021
The 28th IAEA Fusion Energy Conference (FEC), which is being held on-line from 10-25 May, has attracted a record 3,400 attendees, including both full participants and observers. The conference organisers include the International Atomic Energy Agency (IAEA), the French Alternative Energies and Atomic Energy Commission (CEA), and the ITER Organisation and the week-long programme takes full advantage of a powerful web platform.
- Source: NEI Magazine
- Date: Wednesday, 12 May 2021
- Original article: neimagazine.com/news/newsiaea-fusion-energy-conference-attracts-record-participation-8735698
Atkins, part of the SNC-Lavalin Group, said on 21 April that it had been appointed by the UK Atomic Energy Authority (UKAEA) to help design the world's first centre for researching tritium for use in fusion energy. The Hydrogen-3 Advanced Technology (H3AT) facility will be built at Culham Science Centre in Oxfordshire and will support ongoing work at the International Thermonuclear Experimental Reactor (ITER) under construction in the South of France. This activity will also allow academic and industrial users to research how to process, store and recycle tritium, one of the fuels that will supply fusion power stations.
- Source: NEI Magazine
- Date: Wednesday, 28 April 2021
- Original article: neimagazine.com/news/newsatkins-awarded-design-contract-for-fusion-energy-research-centre-8702974
The €20bn Iter (International Thermonuclear Experimental Reactor) project will replicate the reactions that power the sun and is intended to demonstrate fusion power can be generated on a commercial scale.
The steel and concrete superstructures nestled in the hills of southern France will house a 23,000-tonne machine, known as a tokamak, capable of creating what is essentially an earthbound star.
Millions of components will be used to assemble the giant reactor, which will weigh 23,000 tonnes and the project is the most complex engineering endeavour in history. Almost 3,000 tonnes of superconducting magnets, some heavier than a jumbo jet, will be connected by 200km of superconducting cables, all kept at -269C by the world’s largest cryogenic plant.
- Source: Nucnet
- Date: Wednesday, 29 July 2020
- Original article: nucnet.org/news/world-s-largest-nuclear-fusion-project-under-assembly-in-france-7-2-2020
France’s Assystem announced that it will play a key role in the development of two separate nuclear fusion reactors with leading fusion research centres in China and the UK.
- Source: NEI Magazine
- Date: Friday, 05 June 2020
- Original article: neimagazine.com/news/newsassystem-to-participate-in-uk-and-chinese-fusion-projects-7955803
US-based Jacobs said it has been awarded several contracts worth more than $25 million in total for work on nuclear fusion projects in the UK and France.
- Source: NEI Magazine
- Date: Thursday, 16 April 2020
- Original article: neimagazine.com/news/newsjacobs-awarded-several-nuclear-fusion-contracts-7873764
The UK and the European Commission signed a contract extension today for the world’s largest fusion research facility, Joint European Torus (JET). The extension secures at least EUR100 million (USD112 million) in additional inward investment from the EU over the next two years and "brings reassurance" for the more than 500 staff at the site in Culham, near Oxford, the Department for Business, Energy & Industrial Strategy (BEIS) said.
- Source: World Nuclear News
- Date: Friday, 29 March 2019
- Original article: world-nuclear-news.org/Articles/UK-fusion-scientists-secure-new-funding-despite-Br
Experimental and theoretical research has shown 'spherical' tokamaks to be a "fast route to fusion" compared with more "conventional" tokamak devices such as Joint European Torus (JET), according to David Kingham, chief executive of Tokamak Energy.
- Source: World Nuclear News
- Date: Monday, 30 January 2017
- Original article: world-nuclear-news.org/Articles/Spherical-tokamak-to-put-fusion-power-in-grid-by-2
The UK intends to leave the European Atomic Energy Community (Euratom), according to explanatory notes to a bill the government published yesterday authorising Brexit. The notes state the bill empowers the prime minister to leave both the European Union and Euratom.
- Source: World Nuclear News
- Date: Friday, 27 January 2017
- Original article: world-nuclear-news.org/Articles/UK-nuclear-industry-faces-prospect-of-Euratom-exit
Following UK media reports questioning the future of UK's Culham Centre for Fusion Energy (CCFE) and the Joint European Torus (JET) in the wake of the UK's expected withdrawal from the European Union (Brexit), CCFE head Ian Chapman said on 30 November that "nothing has changed". JET is the largest tokamak in the world and the only operational fusion experiment currently capable of producing fusion energy.
- Source: NEI Magazine
- Date: Tuesday, 06 December 2016
- Original article: neimagazine.com/news/newsconcern-over-future-of-uk-fusion-research-5689165