We are facing a completely new global challenge. By 2040, the world’s population is expected to grow to about 9 billion people. This has an impact on most of our resources, including the demand for electricity. While many companies are currently working on renewable energy solutions to replace traditional fossil fuels, more is needed than these approaches. Fusion power can be an emission-free and globally available solution.
Fusion Power Explained – Future or Failure (Source: In Short)
According to current research, the largest increase in energy demand is expected in developing countries, where the megatrend of urbanization will leave its mark in the coming years. According to the latest media reports, fusion energy will provide a solution for the demands of the future in a few years’ time and will play a central role in the world of tomorrow. It is a sustainable and secure solution to meet the world’s energy needs.
For years, fusion technology has promised to be a carbon-free and abundant alternative for the power supply of countries. But so far, fusion reactor production has been so expensive that it has been virtually impossible to make a profit. Since the 1970s, MIT has placed an extreme emphasis on fusion energy and announced that fusion-generated energy would be possible within the next few decades.
Even more optimistic are companies like TAE Technologies, which see the first prototypes on the market within a few years.
“The idea that one hears the merger is another 20 years away, 30 years away, 50 years away – that is not true. We are talking about a commercialisation of this technology in the next five years” – Michl Binderbauer, CEO TAE Technologies
Recent developments in fusion energy are giving scientists and politicians new optimism about the future of energy. Fusion has the unique ability to deliver energy on demand wherever it is needed. It thus logically and environmentally complements renewable energies and battery storage. In combination, the two branches provide a solution for future electricity requirements that not only counteracts climate change but also makes economic sense.
The next few years will show whether fusion energy delivers what it promises, but various international projects will show whether fusion energy can be part of the solution to improve the energy mix and meet global energy needs.