The first edition of the Monaco ITER International Fusion Energy Days, which was organized in the Principality from 23 to 25 November, provided a comprehensive view of what is at stake today in the world of energy and a clear perspective on how fusion and ITER can help to meet the challenges of the coming decades.

After hearing the opening address by Prince Albert II, participants were given a rare opportunity to understand how these challenges were addressed by each of the ITER Members. Day 1 of the MIIFED offered a fascinating world tour of initiatives, strategies and engagements aimed at meeting an ever growing energy demand.

The second day of the MIIFED event allowed the ITER Organization to present the new ITER Baseline to an audience of industry representatives and scientific and technical experts. In addition, to provide the industry representatives with the framework in which they could do business with the ITER Project, IO staff and representatives from the Domerstic Agencies (DA) presented the scope of, and modalities for, procurement of ITER components and services.

In the opening this session, which was chaired by Academician Evgeny Velikhov, Chair of the ITER Council, ITER Director-General Osamu Motojima presented the context and need for fusion energy development, and explained some of the scientific challenges associated with confining a burning plasma in ITER.

The focal points of the DG's presentation, however, were the ITER Baseline, particularly the key cost and schedule aspects, and his proposals for the reorganization of the ITER management structure, ongoing efforts on cost containment and the progress made in advancing construction of ITER. Motojima also emphasized his commitment to meeting the expectations of the ITER Members to make the ITER project successful by adapting the ITER Organization to the needs of the construction phase to ensure that the schedule is maintained while the project costs are contained.

In view of the orientation of the Day-2 presentation towards the industry representatives participating in MIIFED, subsequent presentations by leading members of ITER staff dealt with the major technical challenges which we are addressing (and overcoming!) in constructing ITER.

The presentations reviewed the technologies of the tokamak core, and how we plan to assemble the many components which make up the ITER tokamak, together with the auxiliary systems and plant support systems needed to complete the ITER facility.

Laurent Schmieder on behalf of the European Domestic Agency "Fusion for Energy" (F4E) presented the progress on the construction of the ITER buildings, an on-site activity of major interest to industry. Additional presentations on the range of industrial spin-offs which have already emerged from fusion research and on the plans for developing a comprehensive simulation capability for burning plasmas rounded out the picture of fusion as an important scientific and technical research activity as well as an energy development program.

During the afternoon session, chaired by Yuanxi Wan, Chair of the ITER Science and Technology Advisory Committee (STAC), staff of the IO and DAs presented the unique approach of the ITER project to the procurement of ITER components, with the majority of ITER components, amounting to 90% of the value of the project, being supplied "in kind" by the Members through their Domestic Agencies.

These presentations provided guidance to industry on the procedures and rules followed by the IO and DAs in placing contracts with industry for both ITER hardware and the services which the IO needs to support its activities. To provide guidance to industry on the technology implications of ITER's status as Basic Nuclear Installation, Deputy Director-General Carlos Alejaldre presented an overview of the ITER licensing activities and highlighted areas where nuclear regulatory considerations influenced design and manufacturing of components. The day's final presentation was concerned with the framework for on-site working during the construction and assembly phases.

The presentations made during the day were complemented by "business corners" which allowed the industry to make contact with the DAs and with each other. With ITER moving into the Construction Phase, this was an important opportunity to present an up-to-date report on the project status to industry and to provide the participating industrial representatives with an understanding of the commercial framework for involvement in the construction activities.