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?On 9 October 2014 the European Commission officially launched the European Consortium for the Development of Fusion Energy, EUROfusion for short. EUROfusion manages the European fusion research activities on behalf of Euratom, which awards the appropriate grant to the consortium.

The new consortium agreement will substitute the fourteen year-old European Fusion Development Agreement (EFDA), as well as 29 bilateral Association agreements between the Commission and research institutions in 27 countries. The Grant Agreement (contract) provides EUR 424 million in funding from the Euratom Horizon 2020 programme 2014-18 and the same amount from Member States, adding up to an overall budget of EUR 850 million for 5 years.

The launch of EUROfusion was celebrated with Europe's fusion research community in the heart of the European Quarter, the Solvay Library.

Read the full report on the new EUROfusion website .