Fusion energy is a near-limitless low carbon energy source. In the long-term, fusion has the capability of meeting global surges in electricity demand expected in the coming decades.
With the UK’s net zero targets growing closer, it is essential that fossil fuels are forgotten, and natural sources are utilised. Sustainable low-carbon energy is needed and fusion can help meet this demand. Fusion has now reached the point where significant investment is being made globally to develop realistic solutions.
So, how will fusion energy help the UK to progress towards its net zero targets?
How does fusion energy work?
Nuclear fusion is based on the reactions that occur in the sun. Fusion reactors smash together two light-weight atoms, deuterium and tritium, under immense heat and pressure. This fusion creates a heavier atom, helium, and releases a huge amount of energy.
Nuclear energy has been helping to power our homes and businesses for over 65 years. But it is still in the process of being developed to understand its full potential. While fusion may not be a complete certainty at the moment, many scientists believe it is worthy of investment. Recently more and more private businesses and investors have been turning their attention to fusion. The potential returns for the first firm to achieve viable fusion power generation are huge.
How could fusion accelerate a sustainable future?
Today, more than 80% of the developed world’s energy comes from fossil fuels. Carbon emissions must be significantly reduced and fast, if we are to have any hope of preventing further environmental harm.
Last year the UK Atomic Energy Authority (UKAEA) awarded innovation contracts worth £2.3 million to speed up the development of fusion energy. This was funded with the intention of pushing the UK towards a more sustainable future following talks at COP26. UKAEA is providing 15 organisations with contracts worth between £50,000 and £250,000. This is to develop commercial fusion energy using digital engineering and hydrogen technology.
Fusion could be an effective and efficient alternative energy source. And it could generate electricity without the need for greenhouse gases. Sourcing fusion energy releases far fewer emissions meaning it could have the potential to be in abundant supplies around the world.
Fusion energy is global priority, and has been explicitly identified in Prime Minister’s Ten Point Plan for a Green Industrial Revolution. It was also highlighted in the December 2020 Energy White Paper.
Where does Monarch come in?
Keeping up with changing legislation and sustainability measures can seem tricky. But these can be easy to navigate with the right solutions and is incredibly beneficial.
At Monarch, we pride ourselves on keeping our finger on the pulse of change. We work hard to make our clients first steps towards a green future simple and stress-free. Our team of experienced energy specialists navigate the ever-changing energy landscape providing you with the best services and solutions.
Get in touch to find out how Monarch can help you start your journey to sustainability.