Sept. 30, 2020. “Our research confirms that our concept has every chance of working”, recently stated in the New-York Times (relayed by Futurism) Martin Greenwald, deputy director of the Center for Nuclear Fusion and Plasma Science at the Massachusetts Institute of Technology (MIT).The concept is that of a so-called “compact” nuclear fusion reactor, called SPARC. “We think the issue is too important for just one shot on goal,” said Greenwald. C-Mod is the world’s only compact, high-magnetic field, diverted tokamak, allowing it to access unique experimental regimes and influence the direction of the world fusion … The timeline is incredibly ambitious but the MIT-lead research team has not hit even one impediment thus far and consider the remaining challenges “manageable.” As with many things, the ability to make a fusion reactor smaller also makes it less expensive and easier to build. “You double the magnetic field [and] you can cut the linear size in half, which means the volume goes down by a factor of eight. Stock Advisor launched in February of 2002. Indeed, CFS claims that "one glass of water will provide enough fusion fuel for one person's lifetime" -- without the radioactive waste of a traditional nuclear reactor. Given how little progress LockMart seems to have made over the past six years, I'd caution investors not to take even MIT's success for granted. But if it works as promised, the reactor should produce about 10x more energy than is required to ignite and maintain the fusion reaction within it, paving the way, says CFS, for "carbon-free, safe, limitless, fusion power. CFS’s Sparc machine could pave the way for the world’s first commercial fusion reactor. As MIT and CFS continue to progress toward construction of their test reactor, an IPO might not be out of the question to accelerate their efforts. “It’s going to take steel and concrete,” he said. Decades of worldwide, government-sponsored research in fusion science have established the tokamak-based configuration as the leading approach to confining fusion-grade plasmas with strong magnetic fields. Nature can still surprise us.”. That being said, the amount of private money being thrown at this endeavor is intriguing. Researchers operating fusion reactor experiments at MIT, along with partnered scientists in Brussels and the U.K., have developed a new type of … A nuclear fusion startup led by scientists at MIT to create a revolutionary fusion nuclear reactor that would imitate the way the sun generates energy is getting ready to go on a hiring spree. Alcator C-Mod is an experimental device called a tokamak: a configuration considered for future fusion reactors. SPARC would be the size of existing mid-sized fusion devices, but with a much stronger magnetic field. Mumgaard said the CFS team still hasn’t figured out how they are going to extract the energy from a fusion reactor once it manages to create a surplus. MIT Fusion Startup Gears Up for Reactor Design and Construction. Five years later, Lockheed confirmed that it is still working on the project -- but had made very little progress in nuclear fusion energy. Yet, in the past, even state-of-the art superconducting magnet technology required tokamaks to be enormous to produce net fusion energy. The average core power density is about 70 kW per liter. SPARC is a tokamak that has been proposed for construction by Commonwealth Fusion Systems (CFS) in collaboration with the Massachusetts Institute of Technology (MIT) Plasma Science and Fusion Center (PSFC), with funding from Eni, Breakthrough Energy Ventures, Khosla Ventures, Temasek, Equinor, Devonshire Investors, and others.. SPARC plans to prove out the technology and physics … In the MIT reactor, one other group of components is essential to the maintaining and controlling a chain reaction. And the stronger the magnetic field, the better it works, he said. The federal program ran until 2016 when the DOE and Congress, after four years of indecision, pulled the plug. That’s still a far cry from what a … CFS hopes to start testing the magnets and begin construction on Sparc next year. And even if the CFS approach ends up a dud, there are plenty more hopefuls lining up to have a go at the challenge. Leo Rafael Reif President, Massachusetts Institute of Technology. Commonwealth Fusion has already begun searching for an 80-acre site to build a full scale, experimental fusion energy reactor, according to Mumgaard. Free intelligence and insights from industry experts and leading companies on the global energy transformation. According to data collected by S&P Global Market Intelligence, in just three years, Commonwealth Fusion Systems has already attracted nearly $250 million in private financing from investors, including both private equity firms and also Italian energy giant Eni S.p.A. (NYSE:E). But even if the science is sound, CFS still faces major engineering hurdles in creating a commercial fusion reactor. The MIT Reactor (MITR) is the major experimental facility of the NRL. Martin Greenwald, senior scientist and deputy director of MIT's Plasma Science and Fusion Center, told GTM that commercial fusion reactors would need to achieve plasma temperatures of up to 200 million degrees Celsius, which is hotter than the sun. If they're right, that would also make ARC cheaper to build than existing fission-based nuclear power plants, which can cost $23 billion and up.Â. The ARC fusion reactor (affordable, robust, compact) is a theoretical design for a compact fusion reactor developed by the Massachusetts Institute of Technology (MIT) Plasma Science and … “We don’t want to appear complacent. “There is a solution that pops out of all this: If you have these magnets, you could build much smaller fusion machines than we previously thought.”. The wind industry is in a period of intensifying competition and shifting demand that requires a multi-faceted view of the global market. "Â, At that point, MIT and CFS will begin constructing a full-scale "ARC" -- which stands for "affordable, robust, compact" -- power plant, possibly as early as 2025.Â, MIT and CFS are planning for their prototype ARC reactor to put out about 270 megawatts -- about one-quarter the output of a standard fission reaction nuclear power plant, and enough to power 100,000 homes.Â, Similar in concept to the International Thermonuclear Experimental Reactor (ITER) currently under construction in Southern France (with an expected operational date of 2035), MIT and CFS say their reactor will cost only a fraction of ITER's expected $22 billion price tag. This is essentially a “burning plasma” reactor that fuses hydrogen isotopes to … As one of the leaders in this new field of energy research, Commonwealth Fusion Systems is an IPO prospect I'd want to keep on the lookout for. Dear President Reif, If Dennis G. Whyte, the director of the MIT Plasma Science and Fusion Center, and Martin Greenwald, the deputy director of the center, had wanted to cheat and use deceptive language to exaggerate their claims of what the next MIT fusion reactor is likely to achieve, they succeeded. CFS, one of two fusion hopefuls that have attracted oil industry interest, published seven papers last month in the Journal of Plasma Physics that appeared to confirm that the company’s theoretical approach could yield real-life results, CEO Bob Mumgaard said in an interview. Being able to get more energy out of the system than what is required to create and sustain the plasma will be a significant step in the path toward commercial fusion reactors. CFS, which is a spinoff out of the Massachusetts Institute of Technology, is working with MIT on a prototype reactor called Sparc. The ability to contain a plasma in such a small area is potentially one of the keys to producing fusion energy in a cost-effective way. Nor will it need so much fuel. “The quality of the thermal insulation increases as you increase the magnetic field strength,” he said. As it stands, though, the promise of commercial fusion energy looks closer today than ever before. We curate our best reporting on the most salient trends in the industry. Since U-235 nuclei do not readily absorb the high energy neutrons that are emitted during fission, it is necessary to slow the neutrons down with a "moderator". Today we are working to make nuclear power the safest, most economical, and most environmentally friendly way of generating electricity. “We’re in the thick of building a magnet that’s a hundred times beyond anything that’s been done before,” he said. The only way to contain such plasmas is through magnetic fields that shield the plasma from ordinary matter. The Grid Edge comprises technologies, solutions and business models advancing the transition toward a decentralized, distributed and transactive electric grid. Moreover, operating costs after construction should be significantly less, as a fusion reactor will not need expensive uranium to fuel it, instead using hydrogen as its fuel source. MIT began operating its first experimental nuclear fusion reactor in 1972, funded by and under the auspices of the Department of Energy. But the most pressing objective now is to prove out the new magnet, Mumgaard said. Cumulative Growth of a $10,000 Investment in Stock Advisor, America's First Nuclear Fusion Reactor Could Go Online in 2025 @themotleyfool #stocks $LMT $E, carbon-free, safe, limitless, fusion power, Lockheed Martin Boosts Its Space Business With $4.4 Billion Aerojet Rocketdyne Buy, Forget Black Friday Deals, These Dividend Stocks Are on Sale, Trump Administration Clears First-Ever Sale of Armed Drones and F-35 Fighters to the UAE, Lockheed Martin CEO: Here's How We'll Beat SpaceX, Copyright, Trademark and Patent Information. “This set of papers pulls together in one spot, for the first time, the physics picture,” Mumgaard said. A proposed fusion reactor design by Commonwealth Fusion Systems has received a boost after its underlying scientific principles were validated by peer review. Now a team led by MIT’s Plasma Science and Fusion Center (PSFC) and MIT spinout company Commonwealth Fusion Systems (CFS), has developed and extensively tested an HTS cable technology that can be scaled and engineered into the high-performance magnets. The MIT Plasma Science & Fusion Center in collaboration with private fusion startup Commonwealth Fusion Systems (CFS). Policy & regulation are aligning with renewables cost declines to make projects more profitable and portfolios more sustainable. On the opposite side of the country from the fabled Skunk Works, which is working on LockMart's version of the reactor, scientists at the Massachusetts Institute of … This is likely to be a challenge for any proposed fusion machine since the excess heat that could drive a turbine could also threaten to melt the magnets holding the plasma. Research shows Commonwealth Fusion Systems prototype should work, but huge engineering challenges remain. And most of the costs scale with the weight.”. CFS, which is a spinoff out of the Massachusetts Institute of Technology, is working with MIT on a prototype reactor called Sparc. Within the next three to four years, working in cooperation with a company spun off from MIT in 2017 to commercialize the idea, "Commonwealth Fusion Systems LLC," MIT hopes to have a "SPARC" test reactor built to prove their concept.Â, MIT and CFS intend to use "yttrium barium copper oxide (YBCO) high-temperature superconducting magnet technology" to form a magnetic field to contain a reaction in which deuterium and tritium (both isotopes of hydrogen) will be forced to fuse together under high pressure and temperatures of "tens of millions of degrees." MIT researchers conducted one of the first studies on nuclear reactors for large-scale electricity generation in 1953. Alcator C-Mod tokamak. If Sparc is successful, CFS aims to develop commercial reactors with an electric power output of around 200 megawatts, small enough to fit into a gymnasium. is developing a conceptual design for SPARC, a compact, high-field, net fusion energy experiment. Iron Man's alma mater has a design for a realistic ARC fusion reactor Image: Marvel. The entire donut-shaped reactor should be "about the size of a tennis court," says CFS CEO Bob Mumgaard. Batteries are helping to optimize the power grid and opening up new applications and services for utilities and service providers. All rights reserved. (Credit: CFS/MIT-PSFC; CAD rendering by T. Henderson). Related: MIT genius team can measure how fast a technology is developing Seven studies published last week reveal researchers are closer than ever to developing a fusion reactor that can lead to an electricity-providing, emissions-free power plant by 2030. A year after announcing a major public-private collaboration to design a fusion reactor capable of producing more power than it consumes, researchers from MIT and the startup company Commonwealth Fusion Systems on Tuesday presented the MIT community with an update on their progress. Now, what are the chances MIT and CFS will succeed in their project? © 2020 Greentech Media or its affiliated companies. Jason is a contributing writer for GTM, focused on global trends in energy storage and wind. That being said, $250 million is far less than the $106 billion market capitalization backing Lockheed Martin's efforts. The SPARC design, though about the twice the size as MIT's now-retired Alcator C-Mod experiment and similar to several other research fusion reactors currently in operation, would be … CFS is working on high-temperature superconducting magnets that could perform as well as those at the International Thermonuclear Experimental Reactor in France but are 10 times smaller and can be built on a significantly faster timeline, according to a press release. He is based in Barcelona, Spain. Check out all of our energy storage resources, Listeners Choose the Top Energy Storylines of 2020, Inside Google's Quest for 24/7 Clean Energy at Data Centers, Revisiting Pandemic Predictions for Energy, international thermonuclear experimental reactor, PG&E’s Latest Energy Storage Procurement Includes Fleet of Behind-the-Meter Batteries, What Renewable Energy and Energy Storage Did, and Didn’t, Get from Congress This Week, Hannon Armstrong and Clearway Link $950M Solar, Wind and Storage Investment, Why Offshore Wind and Energy Giants Are Chasing Off-Grid Green Hydrogen, Congress Passes Spending Bill With Solar, Wind Tax Credit Extensions and Energy R&D Package, Report Outlines How US Could Reach 50% Renewables by 2030, WeBoost Helps Longroad Energy Unlock $430,000 in Annual Revenue from Acquired Wind Plant, Global solar PV operations & maintenance (O&M) 2020. MIT’s Sparc team predicts its reactor could be capable of producing 50-100 megawatts of fusion power as soon as 2025. It is a light-water cooled and moderated, heavy-water reflected, nuclear reactor that utilizes flat, finned, aluminum-clad plate-type, fuel elements. “In the end, you don’t make fusion with pencil and paper,” said Greenwald. CFS might still fail in its endeavor. A viable nuclear fusion reactor — one that spits out more energy than it consumes — could be here as soon as 2025. ITER is a massive fusion reactor facility that aims to produce around 500 MW of fusion energy when complete with an input of only 50 MW – ten times its … October 9, 2020. The MIT nuclear fusion reactor is a tokamak design, which you can see here in this cutaway drawing which is hanging in the center. The papers summarize about two years of work, including research into using new magnets to contain a fusion plasma — one of the critical challenges in trying to harness the power that fuels the sun and the stars. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Credits: skeeze / Pixabay. In 2014, Lockheed Martin (NYSE:LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online "in as little as ten years." The peer-reviewed papers tell researchers that it’s very likely to work, Greenwald said. MIT Researchers Say Their Fusion Reactor Is “Very Likely to Work” – Futurism Global News Archive September 29, 2020 A team of researchers at MIT and other institutions say their “SPARC” compact fusion reactor should actually work — at least in theory, as they argue in a series of recently released research papers. Returns as of 12/24/2020. On the opposite side of the country from the fabled Skunk Works, which is working on LockMart's version of the reactor, scientists at the Massachusetts Institute of Technology Plasma Science and Fusion Center are working on a compact fusion reactor of their own, reports The New York Times. The MIT-led team is developing a “SPARC” compact fusion reactor. The Marvel movie version of Tony Stark graduated from MIT in the early 1990s. Market data powered by FactSet and Web Financial Group. While Sparc is intended to produce twice as much power as it consumes, the theoretical basis for the machine predicts a potential output of up to 10 times the input. Image source: Commonwealth Fusion Systems. It is planned to be the first compact fusion system capable of delivering a net energy gain, generating 50 megawatts from a 25 MW input. 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