The document discusses the impacts and benefits of energy technology research, using fusion research as a case study. It outlines four pathways through which energy research can impact economies and societies: 1) direct economic effects, 2) impacts on local communities, 3) impacts on industrial technology capabilities, and 4) long-term impacts on energy markets and technologies. It then analyzes the direct and indirect economic impacts of fusion research investments and the technical spin-offs that fusion research has produced. Finally, it evaluates the potential future role of fusion electricity in global energy markets under environmental constraints.