3. Fusion Set to Play Big Role in Future Electricity Mix
Fusion energy is projected to play a significant role in meeting the world’s growing demand for clean, baseload power. For the first time, the IAEA World Fusion Outlook includes global modelling of fusion energy deployment, conducted by the Massachusetts Institute of Technology (MIT). The study explores how fusion could contribute to the future electricity mix under diverse policy, cost and technological assumptions.
In the lowest capital cost scenario of US $2.8K/kW in 2050, fusion’s share of electricity generation could reach up to 50% by 2100. Even in the highest cost scenario of US $11.3K/kW, fusion energy is projected to reach 10% of global electricity generation by 2100.
The modelling also highlights fusion’s economic value: with a rise in demand for clean electricity generation, fusion could add trillions of dollars to global GDP.
