[en] A two-year study of recirculating induction heavy ion accelerators as low-cost driver for inertial-fusion energy applications was recently completed. The projected cost of a 4 MJ accelerator was estimated to be about $500 M (million) and the efficiency was estimated to be 35%. The principal technology issues include energy recovery of the ramped dipole magnets, which is achieved through use of ringing inductive/capacitive circuits, and high repetition rates of the induction cell pulsers, which is accomplished through arrays of field effect transistor (FET) switches. Principal physics issues identified include minimization of particle loss from interactions with the background gas, and more demanding emittance growth and centroid control requirements associated with the propagation of space-charge-dominated beams around bends and over large path lengths. In addition, instabilities such as the longitudinal resistive instability, beam-breakup instability and betatron-orbit instability were found to be controllable with careful design