Italian shipyard wins Iter contract

27 January 2020

ITER Tokamak building pictured in Janaury 2020 (Credit Iter Organization)Italian state shipyard Fincantieri has been awarded an order, worth almost €100 million ($110m), for several high-profile systems, components and installations as part of the International Thermonuclear Experimental Reactor (Iter) project.

A temporary consortium has been set up to execute the activities. It includes Fincantieri as the main contractor, Fincantieri SI, active in the field of plant design and industrial-scale electrical, electronic and electromechanical components, Delta-ti Impianti, specialised in mechanical plant engineering, and Comes, specialised in electrical plant engineering.

Fincantieri SI represents the operating arm of Fincantieri for this project. The company typically works in the field of hybrid ship propulsion, including energy storage systems, and emission reductions through the electrification of ports.

With the Iter contract, the company says it "confirms its vocation to become a reference on the world market for all green applications"

Fincantieri CEO Giuseppe Bono, said: “Now we will actively participate in the development of a completely different technology from the one used in existing power plants and above all cleaner: an extremely ambitious goal that also reaffirms our capacity as integrator”.

The €20bn Iter project, under construction in southern France, is more than 65% complete with a target of achieving first plasma in 2025. Iter’s core members include the European Union, China, India, Japan, South Korea, Russia and the US.

Photo: ITER tokamak building pictured in January 2020 (Credit: Iter Organization)

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