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Approximation of the economy of fusion energy

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  • Entler, Slavomir
  • Horacek, Jan
  • Dlouhy, Tomas
  • Dostal, Vaclav

Abstract

Conceptual design activities of the first fusion power plants were launched in recent years with a view to putting them into operation by 2050. Nuclear fusion offers significant benefits in comparison with exploited energy sources, especially limitless fuel reserves, inherent nuclear safety, and negligible impact on the environment. The challenge is a high heat and neutron loading of the fusion reactors nuclear zone. The paper brings the ex-ante economic analysis of the fusion power plant model DEMO2 in terms of the cost of electricity. The model investment and operating costs are presented. The limit sales price of electricity was found using the net present value method. The levelized cost of electricity LCOE method with the inclusion of external costs is used for a comparison of selected power plant types based on the OECD statistical data and the EU ExternE project results. The comparison shows the levelized cost of electricity of fusion power plants competitive to the actual renewable resources. After internalisation of external costs, the fusion power plants should become even the second cheapest power source.

Suggested Citation

  • Entler, Slavomir & Horacek, Jan & Dlouhy, Tomas & Dostal, Vaclav, 2018. "Approximation of the economy of fusion energy," Energy, Elsevier, vol. 152(C), pages 489-497.
    • Handle: RePEc:eee:energy:v:152:y:2018:i:c:p:489-497
    DOI: 10.1016/j.energy.2018.03.130
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    References listed on IDEAS

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    1. Argote, L. & Epple, D., 1990. "Learning Curves In Manufacturing," GSIA Working Papers 89-90-02, Carnegie Mellon University, Tepper School of Business.
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    1. Syblík, Jan & Entler, Slavomír & Veselý, Ladislav & Štěpánek, Jan & Dostál, Václav, 2022. "Fusion DEMO sCO2 layout design with battery farm," Energy, Elsevier, vol. 249(C).
    2. Lindley, Ben & Roulstone, Tony & Locatelli, Giorgio & Rooney, Matt, 2023. "Can fusion energy be cost-competitive and commercially viable? An analysis of magnetically confined reactors," Energy Policy, Elsevier, vol. 177(C).
    3. Nam, Hoseok & Ibano, Kenzo & Konishi, Satoshi, 2020. "Cost analysis and energy return on investment of fuel cell and gas turbine integrated fusion-biomass hybrid system; application of a small scale conceptual fusion reactor GNOME," Energy, Elsevier, vol. 203(C).
    4. Čábelková, Inna & Strielkowski, Wadim & Streimikiene, Dalia & Cavallaro, Fausto & Streimikis, Justas, 2021. "The social acceptance of nuclear fusion for decision making towards carbon free circular economy: Evidence from Czech Republic," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    5. Nicholas, T.E.G. & Davis, T.P. & Federici, F. & Leland, J. & Patel, B.S. & Vincent, C. & Ward, S.H., 2021. "Re-examining the role of nuclear fusion in a renewables-based energy mix," Energy Policy, Elsevier, vol. 149(C).
    6. Banacloche, Santacruz & Gamarra, Ana R. & Lechon, Yolanda & Bustreo, Chiara, 2020. "Socioeconomic and environmental impacts of bringing the sun to earth: A sustainability analysis of a fusion power plant deployment," Energy, Elsevier, vol. 209(C).

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