ITER, a $28 billion fusion reactor in France, has finally had its last magnetic coil installed. But the reactor itself won't fire up fully until 2039 at the earliest.
Originally slated to cost around $5 billion and fire up in 2020, it has now suffered multiple delays and its budget swelled beyond $22 billion, with an additional $5 billion proposed to cover additional costs. These unforeseen expenses and delays are behind the most recent, 15-year delay.
By 2027, Energy Singularity aims to build a next-generation tokamak, a steady-state, high-magnetic-field, high-temperature superconducting model. This project will lay the groundwork for commercially viable fusion energy acquisition, with an ultimate goal of a demonstration power plant by 2030 […].