UK Atomic Energy Authority (UKAEA) and global energy leader Eni have announced a new agreement aimed at speeding research and development towards fusion power. The agreement begins with the creation of the world’s largest plant for a tritium fuel cycle, the key to fuelling next generation fusion power stations. The “UKAEA-Eni H3AT (Heat) Tritium Loop Facility” will be developed at Culham Campus and is scheduled for completion by 2028.

A Key Milestone in Fusion Energy Development

Tritium, being a vital fuel for the production of fusion energy, is at the center of running future fusion power plants. Recyclable and reusable tritium will become essential in fueling these power plants cost-effectively and environmentally friendly in the years to come. UKAEA and Eni will work together on maximizing tritium handling, processing, storing, and also recycling, paving the way for the reality of fusion power.

Fusion power, which replicates the process that warms the Sun, has the potential to transform energy generation around the world. Fusion takes two forms of hydrogen isotopes and burns them under intense pressure and heat to generate helium, releasing vast quantities of emissions-free energy. The process is cleaner, safer, and also practically limitless, and as such forms part of the de-carbonization and world energy security.

Kerry McCarthy, the UK Climate Minister, said, “We are proud to be at the forefront of global innovation in clean energy fusion technologies, and this collaboration with Eni marks a significant step towards unlocking the potential of fusion energy, supporting our missions for economic growth, clean power and energy independence.”

Also read: Eni and PETRONAS Announce Joint Venture in Indonesia and Malaysia to Boost LNG Production

A World-Class Facility for Research and Innovation

The UKAEA-Eni H3AT Tritium Loop Facility will serve as a premier research center for exploring tritium’s role in fusion energy. Additionally, the facility will provide valuable insights into processing and recycling tritium for use in fusion reactors. This collaboration will develop advanced fusion energy solutions and also promote skills transfer to foster new expertise in the sector.

In addition, Eni will be a central partner in H3AT with the capability of managing large-scale projects and de-risking the development of fusion. The union brings together the fusion research capacity of UKAEA with the engineering skills of Eni, significantly advancing the development of fusion energy.

The European Investment Bank (EIB) has provided Latvia’s state energy utility Latvenergo AS with a €200 million loan to upgrade the nation’s grid for electricity distribution. The investment is designed to modernize and make the grid more efficient so it can supply clean energy and respond to Latvia’s rising renewable energy demands.

Digital Upgrades and Reliability Improvement

Scheduled for delivery at the end of 2026, the project EIB is financing will connect sophisticated digital functions into Latvia’s energy grid. These enhancements will enhance the reliability of electricity supply overall for almost 1.9 million customers. The upgraded power grid will assist Latvia in achieving EU climate goals by helping encourage renewable energy and reduce carbon emissions.

Aiding Latvia’s Climate Objectives

Guntars Baļčūns, a Member of the Management Board of Latvenergo AS, stated that the company is investing in the transition to renewable energy and the modernization of the distribution network to make a significant contribution to the country’s economy.

He also mentioned that these goals require substantial financial resources, and the EIB offers access to competitive funding that supports both business and climate objectives. Baļčūns highlighted that the company’s successful cooperation with the EIB has lasted for over 25 years, and this loan will enable them to use the resources invested in solar and wind parks more efficiently.

Long-Term Support and Green Financing

The EIB funding provides good terms for Latvenergo, including flexible payments and an extended repayment period with market options. The assistance will also attract additional long-term investments and solidify Latvenergo’s dedication to green energy projects. The credit facility is also the seventh collaboration between Latvenergo and the EIB, highlighting their robust and consistent partnership.

Also read: EIB Grants €430 Million to Galp for Biofuels and Green Hydrogen Projects at Sines

Compliance with Latvia’s Energy and Climate Plan

The financing is in line with Latvia’s National Energy and Climate Plan 2021-2030 and the EIB’s Energy Lending Policy.It will not only support climate action, but also economic, social, and regional cohesion, ensuring that the energy transition benefits reach all parts of the country.