ITER - "The Way" translated from latin. It is expected to be the first fusion reactor to produce power far beyond break even, and lead immediately to construction of dozens of commercial fusion powerplants.

Wired Article

ITER homepage

With 15 years of oil left before exponentially increasing demand in Asia-Pacific countries causes worldwide shortages, we need a clean power source to produce hydrogen for transportation. Ordinary nukes produce long-lived radioactive waste. Coal liquefaction has immediate pollution problems. Maybe fusion power should be pursued forthwith. If it is not possible then we should get it out of the way and concentrate on real solutions.