Experiments like Wendelstein remind me that the only thing holding back fusion power is money for research like this. Every year, we spend billions on fossil fuel exploration because the return on investment is quick - just think about all the wells going in to extract shale oil. What if we collectively had the will to invest this much into fusion?
>What if we collectively had the will to invest this much into fusion? If it were to turn out that fusion power isn’t technologically feasible within useful parameters (currently achievable technology, useful scales, economic feasibility of recovering the costs in the lifetime of a reactor, etc), we’d have squandered vast resources pointlessly. For a start there are dozens of different approaches currently being purs…
Not necessarily, because discovering a large blocker would give us an idea of what to invest in next.
The economic impact of fusion power is great enough that even if there's a 10-25% probability of it working out, the expected value implied by that probability would justify significantly higher levels of funding than fusion currently receives.
> It’s not like fusion isn’t being actively investigated and invested in. It is, to the tune of tens of billions of dollars. How about we see how those projects pan out in practice and then progress from there?
ITER, the largest multinational fusion project, is projected to have a total cost of over 20 billion euros, which is about 22 billion USD. 22 billion USD is less than NASA's budget, adjusted for inflation, for the single years of 1963 through 1970 or 1990 through 1993. And NASA's work is built on top of the rocketry work of Nazi Germany, which cost about 40 billion inflation-adjusted dollars even with, to be euphemistic, artificially low labor costs.
For another point of comparison, the Persian Gulf War, which was primarily motivated by the attempt to secure part of the global supply of petroleum, cost $61 billion. The Iraq War cost at least an order of magnitude more, but (a) many of that was due to cost overruns and (b) that war was partially motivated by issues other than securing part of the world's petroleum supply.
In terms of improving long term human living conditions and enabling future economic growth, developing fusion power would provide tremendous benefits.