This is the first Bankable! podcast to showcase nuclear fusion, released on the same date as the UK’s Industrial Strategy announcement which, “puts fusion energy at the heart of driving innovation, economic growth and energy security.” https://www.gov.uk/government/news/fusion-energy-powers-uks-industrial-strategy 

Why the interest? The International Atomic Energy Agency, describes fusion as a technology which can “generate four times more energy per kilogram of fuel than fission and nearly four million times more energy than burning oil or coal.” https://www.iaea.org/newscenter/news/what-is-nuclear-fusion 

Joe Milnes https://www.linkedin.com/in/joe-milnes-860908179/ from the UK Atomic Energy Authority explains fusion and how it differs to fission plus gives us an insight into the UK’s Spherical Tokamak for Energy Production program (STEP; https://step.ukaea.uk), and how fusion could be the long-play for addressing energy poverty, enabling AI Advancement, Energy Security and Decarbonization.  

This conversation was recorded just a few days before STEP was awarded GBP 2.5 billion in the UK’s June 11th Spending Review. https://www.gov.uk/government/news/25-billion-for-world-first-prototype-fusion-energy-plant  

Notably, we learn in the conversation that there are between 10 to 20 commercial fusion technology developers which have raised between USD 5-10 billion to date. Hence, there is indeed private investment appetite for fusion and an opportunity for non-government entities to invest across the fusion energy supply chain. 

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