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How much does a fusion reactor cost?
Six years later, the ITER Council approved the first comprehensive design of a fusion reactor based on well-established physics and technology with a price tag of $6 billion.
Is nuclear fusion reactor expensive?
ITER was originally envisioned to cost roughly $5 billion, a level that might extrapolate to a reasonably priced tokamak fusion power plant. However, reality slowly intervened, and the cost of ITER greatly escalated. ITER managers now contend that ITER’s cost is approximately $22 billion.
What happened to Lockheed Martin fusion reactor?
In 2014, Lockheed Martin (NYSE:LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online “in as little as ten years.” Five years later, Lockheed confirmed that it is still working on the project — but had made very little progress in nuclear fusion energy.
Is fusion energy expensive?
Developing a functioning and efficient fusion reactor is also proving to be an extremely costly process. The ITER fusion power plant, soon to be the largest of its kind in the world, is an international collaboration with a sky-high price tag: a whopping $22 billion — a conservative estimate, critics say.
How much can a fusion reactor power?
At present, fusion devices produce more than ten megawatts of fusion power. ITER will be capable of producing 500 megawatts of fusion power.
How long does it take to build a fusion reactor?
Global nuclear reactor construction time 1981-2019 Median construction time required for nuclear reactors worldwide oscillated from around 84 months to 117 months, from 1981 to 2019 respectively.
What is the Lockheed Martin compact fusion reactor?
The Lockheed Martin Compact Fusion Reactor is a nuclear fusion reactor. It is the goal of a project at Lockheed Martin’s Skunk Works. It is also known as a high-beta fusion reactor.
How long did it take to build the first fusion reactor?
The project began in 2010, and was publicly presented at the Google Solve for X forum on February 7, 2013. In October 2014 Lockheed Martin announced a plan to “build and test a compact fusion reactor in less than a year with a prototype to follow within five years”.
What is the high beta configuration of a fusion reactor?
The “high-beta” configuration allows a compact fusion reactor (CFR) design and speedier development. High beta implies that the ratio of plasma pressure to magnetic pressure is greater than or equal to 1.
How does compact fusion work?
How Compact Fusion Works Nuclear fusion is the process by which the sun works. Our concept will mimic that process within a compact magnetic container and release energy in a controlled fashion to produce power we can use. A reactor small enough to fit on a truck could provide enough power for a small city of up to 100,000 people.