While MEPs continued their debate on the European Commission’s proposal to grant a specific budget under the multiannual financial framework to the ITER nuclear fusion research and engineering project, Energy Commissioner Günther Oettinger announced to the member states’ research ministers, meeting in Brussels on 18 February, that he would organise a ministerial meeting of the ITER Council in Cadarache, France, in September this year.
Fusion
Oettinger calls for ministerial meeting on ITER
Monday, February 25, 2013
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EU to raise nuclear research spending
Thursday, November 1, 2012Average annual funding for nuclear research is expected to grow almost 15% under the European Union's (EU's) planned Horizon 2020 program. Fusion programs account for nine-tenths of the budget.
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 initiative aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion ($104 billion) budget, the EU's new program for research and innovation is part of the drive to create new growth and jobs in Europe.
EU diverts cash for nuclear fusion demo project
Thursday, July 22, 2010BRUSSELS, July 20 (Reuters) - Cash-strapped European Union governments will not have to provide fresh money in order to fill a 1.4 billion euro ($1.81 billion) funding gap in a project to commercialise nuclear fusion -- the process that powers the sun.
Increased complexity and rising construction costs have seen the price tag for the International Thermonuclear Experimental Reactor (ITER) project rise to 16 billion euros ($20.76 billion), while the EU's share has more than doubled.
£1bn funding shortfall jeopardises hopes of producing cheap, non-polluting power
Monday, June 7, 2010A £15bn international bid to harness the fusion process that powers the Sun is facing a major funding crisis. Scientists have revealed that the cost of the International Thermonuclear Experiment Reactor (Iter) has trebled from its original £5bn price tag in the past three years. At the same time, financial crises have beset all the nations involved in the project.
Interest in reactor cools as construction costs soar
Thursday, February 4, 2010Member states want a change in timetable but other investors oppose any delay to project.
The Coming Nuclear Crisis
Wednesday, November 18, 2009The world is running out of uranium and nobody seems to have noticed.
Renewable promises
Tuesday, October 14, 2008The EU needs to invest more in research if it is to meet its climate-change targets.
The world will need to generate 50% of its electricity from renewable sources by 2050 to minimise climate-change impacts, the International Energy Agency (IEA) has said, an awesome challenge that once again underlines the importance of investing in the next generation of renewable energy.
India and Europe in civil nuclear accord
Tuesday, September 30, 2008The European Union and India are to co-operate more closely on civil nuclear research and development as a way of strengthening a partnership that has often been seen as falling short of its potential.
Nicolas Sarkozy, France’s president, and Manmohan Singh, India’s prime minister, announced the agreement on Monday at an EU-India summit that also produced promises of closer co-ordination of climate change and energy security policies.
The power to make millions
Saturday, March 1, 2008A LEADING member of the British atomic energy team involved in building the next generation reactor has urged Teesside engineers to get on board the programme, which could bring millions of pounds to the local economy.
Dan Mistry, fusion and industry manager for the British Atomic Energy Association, who will address a Partners4Engineering one-day event in Billingham on March 12, said: “The last thing we want is to lose this work to mainland Europe.”
Nuclear fusion is coming, says noted VC
Thursday, February 7, 2008Posted by Michael Kanellos
INDIAN WELLS, Calif.--Nuclear fusion will move from the lab to reality in a few years, a noted venture capitalist says.
"Within five years, large companies will start to think about building fusion reactors," Wal van Lierop, CEO of Chrysalix Energy Venture Capital, said in an interview at the Clean Tech Investor Summit taking place here this week. In three to four years, scientists will demonstrate results that show that fusion has a 60 percent chance of success, he said.
