A significant shift is underway in the quest for affordable and abundant nuclear fusion power. Two major developments are set to mark this transition from public to private sector involvement.
In 2025, a private firm will open the SPARC machine, the first near-commercial scale fusion reactor, capable of producing about 140 megawatts (MW) of energy. This will be a groundbreaking milestone in the pursuit of clean and sustainable power.
Conversely, the ITER project, initially scheduled to be ready by 2025, has had its completion date postponed. The postponement is seen as a setback for intergovernmental collaboration, but it also highlights the growing confidence in private sector innovation.
As fusion power gains momentum, experts predict that it will transform the energy landscape. With private companies taking the lead, the industry is poised to unlock new possibilities for sustainable energy production.
Source: https://www.economist.com/the-world-ahead/2024/11/20/fusion-power-is-getting-closer-no-really