• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 44 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 10 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 9 hours e-truck insanity
  • 4 days Bankruptcy in the Industry
  • 21 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The United States produced more crude oil than any nation, at any time.

Nuclear Fusion Project Sees Cost Overruns, More Delays

The old joke that nuclear fusion is perpetually a decade away may seem unfair, but the world’s largest fusion project is once again facing more delays and billions in cost overruns.

The International Thermonuclear Experimental Reactor, or ITER, has suffered at the hands of disrupted supply chains and faulty parts. And now, the project’s hopes of achieving fusion by next year is in serious jeopardy.

The project has seen a number of setbacks—including Covid-19. When all its ducks were finally in a row again post-Covid, the project was once again struck by disruptions—this time from Russia’s invasion of Ukraine and the resulting sanctions. Then on May 14 of last year, ITER’s director general, Bernard Bigot—a man brought in to set things right after previous delays and cost overruns--died.

ITER aspires to harness nuclear fusion as the next power source—the same process that fuels the sun—via a machine called the tokamak, with aspirations of creating what is thought to be unlimited clean energy. ITER’s goal is to prove that a tokamak can produce 10 times more energy than is needed to generate plasma.

Back in 2006 when the project was initially conceived, it was estimated to cost about $6.5 billion, with a run date of 2020. Several hiccups later, and we’re staring down 2035 before ITER is able to run with both deuterium and tritium and reach its stated goals. As for the costs, it could run upwards of $64 billion, according to some estimates.

Bloomberg noted on Thursday that ITER’s delay could cause to slide into second place behind Commonwealth Fusion Systems LLC, which is working on a smaller version of a similar fusion project. That project is set to begin testing in 2025.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News