Subscribe options

Select your newsletters:


Please enter your email address:

@

News & Media

Latest ITER Newsline

  • Worksite postcards | Under fog and autumn light

    Due to its proximity to the Durance River and to the narrow gully spanned by the Bridge of Mirabeau, the area around ITER often experiences a peculiar meteorolo [...]

    Read more

  • Assembly Hall | Another massive paint job

    By the end of December, the massive painting job in the Assembly Hall will be complete and the building's floor will be as white and pristine as the landscape i [...]

    Read more

  • ITER India | Testing a neutral beam for diagnostics

    Every 23 seconds during fusion operation, a probe beam will penetrate deep into the core of the ITER plasma to aid in the detection of helium ash—one of fusion' [...]

    Read more

  • Welded attachments | Follow the laser projections

    How do you position 150,000 welded attachments on to a vacuum vessel the size of a house, each one needing to be accurately placed to less than a 4 mm target? [...]

    Read more

  • Visit | Our neighbour the Nobel

    In 2018, the Nobel Prize in Physics was awarded to Gérard Mourou for his work on ultra-short, extremely high-intensity laser pulses—the so-called 'chirped pulse [...]

    Read more

Of Interest

See archived entries

Analyst/author Andy Lees to speak at ITER

Krista Dulon

''I realize that my [royalty] contribution [to ITER] will do little more than buy some refreshments,'' says Andy Lees, ''but hopefully it may help publicize just how important your work is to us all.'' (Click to view larger version...)
''I realize that my [royalty] contribution [to ITER] will do little more than buy some refreshments,'' says Andy Lees, ''but hopefully it may help publicize just how important your work is to us all.''
In what promises to be an informative and provocative event, analyst/author Andy Lees will be speaking at the ITER Organization on 22 March, as an invited lecturer for the Inside ITER seminar series.

Andy Lees is known to the ITER community as one of the contributors to The Gathering Storm, a collaborative editorial effort from top players in the financial industry worldwide who have a lot to say about the global "crunch" of the last years...and even more to say about avoiding the next one. Andy chose the ITER Organization as the recipient of his portion of royalties from the book's sale.

In his chapter entitled "In Search of Energy", Andy analyzes the importance of fossil fuels to the world economy, and predicts the economic and political consequences as these fuels become less efficient—and more costly—to produce. "Energy is becoming less efficient to extract and turn into useful work, which can only be offset with greater technology, greater capital and more resources. The cost of energy will rise relative to its value," he writes.

The efficiency of available resource extraction, according to Andy, is falling at such a rate that technology is failing to keep up. He estimates that energy return on invested energy (EROIE) has dropped from 40 to 20 in the last two decades, and will drop further to 5 in the next ten years. "This is a move of unimaginable consequences, completing changing the shape of the global economy," says Andy. "Unfortunately, without a new source of cheap, high density energy, we are in a serious mess."
Andy supports fusion as the solution. "Fusion is the obvious solution to the problem, and whilst it has been a long gestation period to get to where we are, it is the only option on the table. We should not be concerned about the cost of achieving fusion, but rather the cost of not achieving it."

The next Inside ITER seminar, "Global Exhaustion" by Andy Lees, is March 22, 14h00-15h00, Salle René Gravier.


return to the latest published articles