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The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Michael Shanks)
It is a pleasure to serve in this debate with you in the Chair, Mr Pritchard. I thank my hon. Friend the Member for Bassetlaw (Jo White), for securing today’s important debate, and for the passionate way in which she spoke about both this issue and her constituency. It was genuinely inspiring—particularly what she said not just about the future of her community but about its heritage. I confess that I did not know the role my hon. Friend’s constituency played in the creation of the United States, but, as I used to say to my school pupils, every day is a school day, so I thank her for that.
It would have been quite a striking debate if my hon. Friend the Member for Rushcliffe (James Naish), the chair of the APPG on fusion energy, had spoken about anything other than his support for fusion, but I welcome his invitation to join his group’s visit. I would say to my hon. Friend the Member for Bassetlaw that I think there are other Ministers in the Department who might be slightly frustrated if I cut the ribbon rather than them, but I am happy to do so all the same.
I share my hon. Friends’ genuine excitement for this technology, and it is worth taking a moment to think about what we are talking about. The idea that we could produce an almost inexhaustible supply of low-carbon baseload sounds almost too good to be true—particularly as an Energy Minister trying to get us to where we are going to by 2030. It sounds like a fantastic proposition, but after many, many years of a lot of hard work, it is in fact within our grasp.
Fusion creates nearly 4 million times more energy for every kilogram of fuel than burning coal, oil or gas—some of the statistics are staggering, and worth taking a moment to reflect on. It has a huge potential to bolster our energy security and to create thousands of good jobs at the same time, putting it at the heart of not just one of the Prime Minister’s key missions in Government but two: kick-starting economic growth and making Britain a clean energy superpower. What is even more exciting is that this country genuinely has an opportunity to lead the world on this and to become the global home of fusion energy, with all the considerable short and long-term economic gains that come with it.
I thank hon. Members for being here and for their support for this new technology. It is difficult at times, with technologies that are perhaps not so well understood and are at that nascent stage, to keep the debate on them. It is important to have more contributions and speeches like the one we heard about the importance of this technology.
The UK has been at the forefront of fusion energy research and development for more than 40 years, going back to June 1983—I will not tell hon. Members my age, but at that time I was not quite born—in a quiet corner of Oxfordshire, with the world’s largest operational fusion reactor. The Joint European Torus went on to break records and then break them again, with thousands of experts from across Europe playing their part in those experiments. JET closed its doors last year and we are now focused on building a whole new generation of fusion facilities in the UK.
Domestically, the economic opportunities of fusion are huge. The sector already supports thousands of jobs, and our ambitions will see it deliver many more highly skilled roles in future. As my hon. Friend the Member for Bassetlaw outlined, it can also lead to breakthroughs in other areas, particularly in medicine, supercomputing and other green technologies. That is why it is important to attract private sector investment to this project. Some $7 billion has already been raised by global private fusion companies and that figure grows year on year.
It is clear that the UK’s pro-innovation, proportionate approach to fusion regulation is attracting global interest but we want to go further, developing a national policy statement for fusion facilities that provides even greater certainty, encouraging billions more in private investment, driving further growth and supporting thousands more jobs. We are also investing in unique fusion research facilities at UKAEA sites across the country that UK-based firms can access, making it the natural home for fusion development.
Internationally, fusion energy could be transformational, both as a long-term solution to energy security and, in this most decisive of decades, in tackling the climate crisis. This is a low-carbon, safe and abundant source of energy, which does not require huge amounts of land or natural resources for its production. That makes it the perfect power source for nations have relied on imported fossil fuels, or that do not have the capacity to deploy renewables at the scale many will need. Those are the same countries that are most likely to be affected by climate change. In other words, as global energy demand grows—and we know that it will considerably in the decades ahead—fusion energy could be critical to keeping net zero within reach, as well as ensuring that citizens everywhere have access to power.
Other major economies, including the US and China, have realised that there are huge prizes on offer to be the first to commercialise this technology, including economic growth and global environmental leadership. Estimates of that fusion energy market between 2050 and 2100 put it between £3 trillion and £12 trillion. Without the spending power of the US or China, we must be targeted in how we maintain our leadership in this ever-closer international competition. As my hon. Friend the Member for Bassetlaw outlined, that is where the STEP programme comes in.
Last month, I was privileged to be at Ratcliffe-on-Soar. It might seem odd for a Minister to be privileged to be at the closure of something, but the closure of our last coal-fired power station was a real moment in our energy story—a moment for us to recognise that the transition is well under way. We are now bringing a whole new industry to that part of the world with the creation of the world’s first civil fusion power plant. The aim is for the prototype plant to reach completion by 2040, and that will demonstrate that fusion can be a viable part of our energy mix in the near future. As my hon. Friend the Member for Bassetlaw is aware, it is a hugely exciting opportunity for local people in her constituency, for the wider region and for the whole UK, delivering thousands of jobs directly and in the supply chain.
My hon. Friend rightly referenced the importance of skills development in fusion energy. There is a real opportunity to develop the skills of a next generation of young people working in the energy of the future. STEP will partner with private industry early on in its journey, working closely with engineering and construction companies. The work of identifying those partners is under way at the moment, with an announcement of the shortlisted bidders due in the following weeks. This is about not only maximising our chances of success, but utilising the local skills already in my hon. Friend’s community to breathe new life into an industrial heartland.
At the same time, we will establish a strong fusion skills base and domestic supply chain to support STEP and enable it to compete globally. We are also running an outreach programme to schools in the area to encourage the uptake of fusion-related education, and developing relationships and grants with universities. We want fusion to be a sector that excites and inspires young people, and now is an important moment to unlock that potential.
STEP is a first-of-a-kind programme, and there will, of course, be challenges. My hon. Friend the Member for Bassetlaw mentioned a number of the logistical challenges in the local area—we will work through those things together with the local community, and I know that she was involved in the local council for many years as well—but we have a huge advantage: four decades of research, a thriving financial landscape and a world-leading plan, which means that even before a commercially viable plan is delivered, the programme will have already supported thousands of jobs, skilled development and cutting-edge research. Ultimately, whether STEP or a different design is the precise one used to commercialise fusion technology, its development will already ensure that the UK has a supply chain to provide jobs and the recognition that we are in the lead in this technology.
The Government are unashamedly pro-growth, pro-business and pro-innovation, and fusion is a great example of all three. It is such an important part of our plans because it covers all those points, and is a real opportunity for us to make progress and become the global lead in a genuinely transformative technology. That could ensure our energy security, drive huge growth and combat climate change here and far beyond our shores. STEP could, in short, be the UK’s Apollo moment, and I cannot wait to see where the fusion journey takes us.
My hon. Friend the Member for Bassetlaw is a passionate and enthusiastic representative of the community driving forward this technology, and it is in safe hands. I pay tribute to her commitment both to championing this technology and to her wider community. Together, we can make this one of the most exciting moments in our energy story.
Question put and agreed to.