Fusion energy storage new energy

Could fusion energy be a major contributor to future electric power systems?

Cambridge, MA, September 12, 2024 — The MIT Energy Initiative, in collaboration with the MIT Plasma Science and Fusion Center, has released a new report that shows that fusion energy could be a major contributor in future electric power systems and identifies what is required to achieve that potential.

What is the DOE fusion energy strategy 2024?

The newly released DOE Fusion Energy Strategy 2024 is organized around three pillars: closing the science and technology (S&T) gaps to a commercially relevant fusion pilot plant; preparing the path to sustainable, equitable commercial fusion deployment; and building and leveraging external partnerships.

Can fusion energy be used as a fuel?

Once developed, first-generation fusion plants may likely use a combination of abundant deuterium (an isotope of hydrogen) and lithium as fuel. Commercial fusion energy has the potential to revolutionize the energy industry, help to achieve energy abundance and security, and help meet growing clean energy needs of the U.S. and the world.

What is Fusion Energy Science?

Fusion Energy Sciences Program Fusion – the same reaction that powers the sun – has the potential to be a game-changing technology to help us achieve net-zero carbon emissions by 2050, protect national security, and enhance U.S. technology leadership.

Can fusion energy reduce the cost of decarbonization?

Investigators in the MIT Energy Initiative and the MIT Plasma Science and Fusion Center have found that — depending on its future cost and performance — fusion energy has the potential to be critically important to decarbonization and, under some conditions, could reduce the global cost of decarbonizing by trillions of dollars.

Is fusion energy a safe energy source?

The development of fusion energy as a clean, safe, abundant energy source has become a global race, and the U.S. will stay in the lead.” In support of DOE’s fusion energy strategy, DOE also announced a $180 million funding opportunity for Fusion Innovative Research Engine (FIRE) Collaboratives.