Fusion Innovation and the Valley of Death—Lessons from Fission
Over the past several decades, the United States (U.S.) and other countries have done important research and development in advanced nuclear energy technologies, both fission and fusion. The urgency of our current climate, energy, and security needs have prompted a concerted effort by innovators, investors, and the public sector to transition from research and development (R&D) to demonstration and commercialization—to cross the proverbial “valley of death.” The stakes are high: humanity needs clean energy options, and the failure of any promising alternative will lower our odds of success. The process of moving an innovation into use has often been described in phases that begin with early research and end with deployment at scale. Between those two phases lies an area often referred to as the “valley of death” because it can require a long period of time, large investments, and often includes significant challenges related to regulation, standardization, and entering markets already structured around incumbent technologies. What can we learn from recent experience with fission to inform our path forward with fusion? At least five key lessons rise to the top: 1) Set bold targets; 2) Empower the private sector; 3) Engage with regulators and the public; 4) Address costs and markets; and 5) Deliver results. Here, this editorial will consider each of these in turn.