Europe signs its largest ever contract for ITER with GDF SUEZ Group and M+W Group
Fusion for Energy (F4E), the EU body managing Europe’s contribution to ITER, has signed its largest contract to date with GDF Suez Group and M+W Group to equip a number of the buildings, including the complex that will host the ITER machine, with infrastructure. The contract is expected to run for six years and its budget is approximately € 530 million. ITER is a first-of-a-kind international collaboration bringing together 50% of the world’s population and 80% of the global GDP. ITER will be the world's largest experimental fusion facility and is designed to demonstrate the scientific and technological feasibility of fusion power. Europe will contribute almost half of the costs of its construction, while the other six parties (China, Japan, India, the Republic of Korea, the Russian Federation and the USA), will contribute equally to the rest. The site of the ITER project is in France. To read the press release and MEMO visit the F4E website.
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