ITER is our hope for our energy requirements in the future, together with NIF (see here). The success of these two experiments should grant that one of the greatest problems of humankind will be solved. ITER is a fusion reactor based on tokamak, a toroidal chamber confining a high-temperature plasma with magnetic fields. Its main aim will be just to demonstrate the feasibility of a full working reactor to satisfy our energy needs. Rumors are widespreading about delays and increasing costs of this project. I have read about this matter on an Italian newspaper (see here). General director Kaname Ikeda is nor confirmirg neither denying these rumors but presently it seems that costs are doubled and the start-up is delayed to 2025 (2018 foreseen) making a large scale available technology a century far in the future. If all this will be confirmed, it will represent a serious setback to our hope for a better future.
Update: A very informative article is appeared in Physics World. See here to read it.