We are pleased to announce that ITER selected Cleopatra Enterprise as their estimating partner. With over 30 years of experience in estimating capital power projects, we are proud to be part of this unique scientific and technical project.
About ITER
ITER is a large-scale scientific experiment intended to prove the viability of fusion as an energy source. Currently ITER is under construction in the south of France, but this project is an international effort of seven partners: China, the United States, India, the European Union, Japan, Korea, and Russia. They have gathered their financial and scientific resources to build the biggest fusion reactor in history. ITER will not produce electricity, but it will resolve critical technical and scientific issues in order to take fusion to the point where industrial applications can be designed.
Estimating ITER
ITER is one of the most complex scientific and engineering projects in the world today. The complexity of the ITER design has already led to a whole range of new and better performing technologies. However, further science and technology are needed to bridge the gap to commercialization of fusion energy.
An important step in bridging this gap is an creating an accurate estimate of the costs of the project. But how do you estimate an unprecedented and complex project like ITER? Material is shipped in from all over the world, labor is conducted in different countries and because of the long-term orientation we have to take into account escalation and contingencies.
Because of Cleopatra Enterprise’s years of experience in estimating capital costs in a broad range of industries, ITER asked Cleopatra to perform the cost estimate of this unique project.
State of the art cost estimation software
As said before, designing and building ITER, the latest and most innovative techniques are used. The same goes for the estimation. The cost estimating software used for this project is Cleopatra Enterprise, which is used by some of the largest companies in the world.
In line with ITER, at Cleopatra Enterprise we are also constantly looking for ways to keep improving and innovating our products and services.
Watch this video to get an impression of ITER and fusion energy:
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