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Zero: The Climate Race

Inside the race to open the world’s first nuclear fusion power plant

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7219 Ratings

🗓️ 26 September 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

Scientists have been trying to understand — and mimic — the way the sun produces energy for centuries. But recreating the energy-generating process of nuclear fusion here on Earth presents an array of technical challenges. Bob Mumgaard, CEO of Commonwealth Fusion Systems, began working on some of those challenges as a doctoral student at MIT. Now backed by more than $2 billion, CFS is well on its way to making the long-held dream of nuclear fusion a reality. On this week’s Zero, Mumgaard breaks down the science behind CFS’s bagel-shaped tokamak reactor, and explains why he believes the nuclear fusion industry is just getting started.

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Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Kira Bindrim, Monique Mulima, and Jess Beck. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Welcome to Zero. I am Akshadrati. This week, a different kind of solar power.

0:18.4

Nuclear fusion is a reality. It's how the Sun produces energy.

0:23.6

But trying to replicate what the Sun does here on Earth has been, to put it mildly, a challenge.

0:30.6

For a long time, nuclear fusion as an energy source has been in the realm of science fiction. One can imagine powering civilizations that move

0:40.3

across planets and maybe even galaxies. But bringing it back down to Earth, to our current

0:47.2

climate predicament, fusion power could also provide emissions-free unlimited energy, and wouldn't that be nice?

0:56.0

Fortunately, after more than 50 years of trying, there is some success to report on.

1:02.0

In fleeting experiments, scientists have been able to generate more energy from fusion reactions

1:08.0

than the energy put into making them happen in the first place.

1:12.6

Now, someone just needs to do it at scale.

1:16.6

And there are dozens of startups trying to do just that.

1:19.6

One of the most promising ones is CFS, or Commonwealth Fusion Systems.

1:25.6

The startup CEO Bob Mumgard began his work at MIT,

1:30.3

where he worked with researchers studying plasma science.

1:34.3

They designed a reactor called Spark,

1:36.3

which could become the first large-scale reactor that generates more energy than it consumes.

1:43.3

CFS has now raised more than $2 billion in venture capital.

1:47.9

That's more than any other fusion startup.

1:51.0

Clearly, investors are betting that if CFS succeeds, there's a big return to be made.

1:56.4

How exactly?

1:57.6

Well, to find out, I caught up with Bob at the Breakthrough Energy Summit in June.

2:01.8

We nerded out about the science behind fusion, how CFS's bagel-shaped reactor, or Tokomac,

...

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