Revised assessments of the economics of fusion power

Although fusion power is being developed because of its large resource base, low environmental impact and high levels of intrinsic safety, it is also important to investigate the economics of a future fusion power plant in order to assess the potential market for the electricity produced. As part of the PPCS (Power Plant Conceptual Study) in Europe, published in 2005, an assessment was made of the likely economic performance of the range of fusion power plant concepts studied. Since that time, new work has been carried out, within the fusion programme, and particularly in the EU DEMO study, that changes a number of the important assumptions made in the PPCS. These changes allow either reduced cost versions of the PPCS plant models or, alternatively, plants with less ambitious technical assumptions at constant cost. The impact of the new results, emerging from the EU DEMO studies, on the role of fusion in the future energy market is described. A new energy economics model is employed to analyse the potential market performance of fusion power in a range of future energy scenarios and this shows that there can be a significant role for fusion in a future energy market.