The Value of Fusion Energy to a Decarbonized United States Electric Grid

Fusion could be a part of future decarbonized electricity systems, but it will need to compete with other technologies. In particular, pulsed tokamak plants have a unique operational mode, and evalu-ating which characteristics make them economically competitive can help select between design pathways. Using a capacity expansion and operations model, we determined cost thresholds for pulsed to-kamaks to reach a range of penetration levels in a future decarbon-ized US Eastern Interconnection. The required capital cost to reach a fusion capacity of 100 GW varied from $2,700 to $7,500 kW-1, and the equilibrium penetration increases rapidly with decreasing cost. The value per unit power capacity depends on the variable opera-tional cost and on the cost of its competition, particularly fission, much more than on the pulse cycle parameters. These findings can therefore provide initial cost targets for fusion more generally in the United States.