Bringing Fusion To Market

"Fusion will be ready when society needs it to be ready."

Fusion has the potential to create a truly sustainable energy system, but its impact is sometimes regarded as a faraway promise. Could it be on the power grid sooner than we think?

In the midst of the wider energy transition, the fusion sector is undergoing an exciting transition of its own – from basic research and development towards commercialisation. As Chris Mowry explains, this is a source of great opportunity.

Chris holds two roles that give him a unique insight into this burgeoning industry. As Chief Executive Officer at Type One Energy, a private fusion company, he works to provide sustainable and affordable fusion power to the world. As Chair of the Sustainable Markets Initiative's Fusion Task Force, he collaborates with other private sector leaders to break down strategic barriers to market.

Fusion, which powers the stars, releases a tremendous amount of energy. The process is also clean and safe, emitting no greenhouse gases and generating no long-term nuclear waste. It has no inherent limitations when it comes to geography or consistency. These factors alone make it a powerful tool on our journey to net zero emissions.

Modern supercomputing has skyrocketed our ability to understand fusion and create machines that replicate it. The science is essentially mature. So, what's stopping us from scaling these technologies and reaping their immense benefits?

In short, the process is already underway. The next step is to deploy the world's first fusion pilot power plant, a goal that could be realised in the next decade.

To achieve this, significant capital is needed, as is a revamp of the public policies that govern energy markets around the globe. For the fusion industry itself, connecting to the broader value chain of organisations will be essential to success.

As Chris reminds us, "If you want to have this incredible technology in the portfolio of the energy mix in the future, we're going to have to invest in it."

To learn more about Type One Energy, visit their website.