
UK to invest £2.5bn into ‘holy grail’ nuclear fusion energy
Global investment in nuclear fusion has surged in recent years, as governments and companies race to unlock its potential and solve one of the world’s greatest challenges of decarbonising the energy supply.
The latest UK investment will help fund the construction of one of the world’s first prototype fusion power plants, as well as create up to 10,000 jobs over the next five years.
The prototype nuclear fusion power plant project, called STEP, will be built on the site of a decommissioned coal-fired power station in Nottinghamshire and is expected to be operational by the early 2040s.
“It’s quite an aggressive programme,” said Paul Methven, chief executive of the government-owned UK Industrial Fusion Solutions.
“We need to show that we can achieve genuine ‘wall socket’ energy which has not been done before.”
As part of the UK fusion strategy, the government also announced the country’s first AI supercomputer dedicated to fusion energy.
The £45 million machine, named Sunrise, is targeted for operation in June this year and is expected to be the world’s most powerful AI supercomputer dedicated to fusion energy.