A simplified economic model for inertial fusion.

A simple model for the levelized cost of electricity (LCOE) of an inertial fusion power plant is developed. The model has 14 parameters. These have been designed to be technology agnostic, such that the model may be applied broadly to all variants of inertial fusion. It is also designed to allow easy use of proxies from existing technology. The variables related most intimately to the physics challenges of inertial fusion, such as gain and target cost, are treated as parameters such that requirements can be found without bringing complex physics into the model. A Monte Carlo approach is taken to explore the parameter space. The most important conclusion is that a combination of high gain (greater than 500) and high fusion energy yield per shot (greater than 5 GJ) together appear to unlock more cost competitive designs than those in the existing literature. Designs with LCOE as low as $25/MWh are found with optimistic but not obviously unrealistic inputs. This article is part of a discussion meeting issue 'Prospects for high gain inertial fusion energy (part 1)'.