• M3 (Machine 3), a machine at First Light Fusion's headquarters in Kidlington, Oxfordshire that tests the company's projectile fusion technology. Daniel Bardsley for The National
    M3 (Machine 3), a machine at First Light Fusion's headquarters in Kidlington, Oxfordshire that tests the company's projectile fusion technology. Daniel Bardsley for The National
  • The smaller of the two hyper-velocity gas guns at First Light Fusion's headquarters in Kidlington, Oxfordshire. Photo: Daniel Bardsley for The National
    The smaller of the two hyper-velocity gas guns at First Light Fusion's headquarters in Kidlington, Oxfordshire. Photo: Daniel Bardsley for The National
  • Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of the smaller of the two hyper-velocity gas guns at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
    Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of the smaller of the two hyper-velocity gas guns at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
  • First Light Fusion's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
    First Light Fusion's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
  • Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of M3 (Machine 3) at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
    Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of M3 (Machine 3) at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
  • Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of M3 (Machine 3) at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National
    Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of M3 (Machine 3) at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley for The National

How nuclear fusion reactors like this one could change the world


Daniel Bardsley
  • English
  • Arabic

Inside a small Nasa-style control room in Oxford in the UK, a group of scientists are trying to solve a puzzle that could answer the world's energy needs forever.

They seek the key to unlocking fusion energy — cleaner, more efficient and less risky than nuclear fission, which the world's nuclear plants currently use.

Their work, at a time of turmoil in the energy markets and spiralling household bills, has never been more crucial.

Just last week, Tokamak Energy, based in Oxford, and the UK’s Atomic Energy Authority struck a five-year deal to develop a brand new fusion reactor.

There’s a clean power gap. If we’re going to fill it with fossil fuels, we won’t hit our net-zero targets. Fusion is one of the solutions for filling that gap
Dr Nick Hawker,
First Light Fusion

“There’s a clean power gap,” says Dr Nick Hawker, chief executive and co-founder of First Light Fusion, also based in Oxford, which has raised £77 million ($86m) from investors to scale up its research.

“If we’re going to fill it with fossil fuels, we won’t hit our net-zero targets. Fusion is one of the solutions for filling that gap.”

The National visited First Light Fusion's research lab for a closer look.

How it works and why it matters

In simple terms, scientists want to recreate the reaction that powers the Sun.

On Earth, this involves harnessing a huge amount of electrical power and discharging it to create an electromagnetic force inside a hi-tech machine. This, in turn, accelerates a small disc to speeds of up to 20km-per-second.

That would make it one of the fastest-moving objects. But it doesn't go far. It slams into a target just 10mm in front of it.

In the target there is liquid fuel, and when it is struck it creates such pressure and temperature that nuclear fusion can happen.

The challenge is to tip the balance so that you create more energy than it cost you to start the process. And no one has managed it yet.

First Light Fusion wants to change that.

Much less problematic than nuclear fission when it comes to waste production and worst-case scenario risks, fusion could offer potentially limitless supplies of clean energy.

First Light Fusion, which was spun out of the University of Oxford in 2011, achieved fusion in a result announced this year that was verified by the UK Atomic Energy Authority.

Dr Hawker said nuclear fusion could “make a massive contribution” to the world’s energy needs — but not immediately, he admits.

Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of M3 (Machine 3) at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley / The National
Dr Nick Hawker, First Light Fusion's co-founder and chief executive, in front of M3 (Machine 3) at the company's headquarters in Kidlington, Oxfordshire. Daniel Bardsley / The National

There is, he says, “an urgent need to be decarbonising”, which means huge investments are needed in renewable sources of energy such as wind and solar power now.

However, the world’s energy demands are continuing to increase, with the US Energy Information Administration expecting them to have risen by 47 per cent by 2050.

The machine

Much of the work at the company’s headquarters in Oxford Industrial Park, north of the city, centres on M3 (Machine 3), a £3.6 million (Dh14.2m) unit described as one of the largest pulsed power facilities in the world.

Radiating out from the centre of M3 are six spokes made up of a total of 192 capacitors, devices that store electrical charge.

It is used for the high-speed firing process outlined above.

If operating industrially, lithium flowing inside the target chamber would be heated up by the energy released by fusion. Through a heat exchanger, it would turn water to steam, which would generate electricity through a turbine.

First Light Fusion says that in a power plant, this process would take place twice a minute, with each target producing enough electricity to power a home for about two years.

This illustration provided by California's Lawrence Livermore National Laboratory depicts a target pellet inside a hohlraum capsule with laser beams entering through openings on either end. The beams compress and heat the target to the necessary conditions for nuclear fusion to occur. Photo: Lawrence Livermore National Laboratory via AP
This illustration provided by California's Lawrence Livermore National Laboratory depicts a target pellet inside a hohlraum capsule with laser beams entering through openings on either end. The beams compress and heat the target to the necessary conditions for nuclear fusion to occur. Photo: Lawrence Livermore National Laboratory via AP

Scaling up

First Light Fusion now aims to scale up the technology.

To that end, plans are in place to build, at another location, a much larger machine called M4, which will be 80 metres in diameter.

It will also have 40 times as many capacitors as its smaller sibling and should be capable of sending the projectile at much higher speeds. The aim is to have this up and running in the second half of the decade.

Meanwhile, there are, in Dr Hawker’s words, “30 to 40" other companies working on fusion using a variety of other approaches to heat the fuel. These include creating electric fields or using a combination of compression and heating.

Given that it does not produce greenhouse gases or long-lasting radioactive waste, nuclear fusion may seem like the ideal answer to the world’s energy needs.

Experts argue that greenhouse gases are already too prevalent and that waiting to develop nuclear fusion technology would take too long. AP
Experts argue that greenhouse gases are already too prevalent and that waiting to develop nuclear fusion technology would take too long. AP

'For solving climate change, it's irrelevant'

But not everyone is convinced.

Prof Niklas Höhne, founder of the NewClimate Institute in Germany, says “it will come online far too late and will be far too expensive” to contribute to the greenhouse gas emissions cuts that he says are essential now.

“For solving the climate crisis, it’s irrelevant,” he says. “To make up this large difference, fusion is simply expensive and doesn’t work yet.”

Costs of wind and solar power will probably continue to fall, he says, while fusion’s costs may not plummet as fast.

“Just look at nuclear fission, the current nuclear power,” Prof Höhne said. “In the last 30 years, the costs have not declined and are much, much higher than wind and solar.

“Why put effort in a future technology when we don’t know whether it will work, when we know wind and solar does work?”

Adding to the energy mix

While accepting that the jury is still out on fusion’s commercial viability, other energy analysts think it may make an important contribution.

“If it can be made to work on a commercial scale, then fusion clearly would have a role to play. We don’t know to what extent it can work,” says Bob Ward, of the Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics and Political Science.

“We certainly need to do more research and development and investigations with fusion, because if it does work, it promises potentially lots of cheap, clean energy in the future.”

Dr Hawker is keen to emphasise that fusion is not a substitute for immediate investments in wind and solar power.

But he does think that in the second half of this century, a time when many experts suggest the world will need to achieve negative emissions, fusion could come into its own.

The lower risk profile (he says a complete plant meltdown would create only one ten thousandth of the hazard of the Fukushima disaster) means that fusion is likely to be cheaper than nuclear fission and could be competitive with other technologies.

He envisages 100 megawatt (MW) plants that each cost less than $1 billion to build and have a levelised cost of electricity ― a measure that includes the plant’s lifetime costs ― of about $45 per megawatt hour.

Ultimately, many forms of nuclear fusion power could make it through research and development to become viable commercially. Dr Hawker sees First Light Fusion as being among the handful of front-runners.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: June 20, 2023, 8:15 AM