A German Startup has secured millions in funding to develop a fusion energy machine that could potentially generate energy free of carbon emissions. The Munich-based startup Proxima Fusion designs fusion power plants based on the stellarator concept, with the first plant planned for sometime within the 2030s, the company said in a May 30 press release (pdf)….
Real-World Nuclear Fusion: Startup Secures Over $7 Million for Energy Machine
May 31, 2023
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Nuclear Fusion Incinerates Climate Crazies
Commentary Your attention please. This century’s scheduled performance of the apocalypse has been postponed indefinitely, ladies and gentlemen. Your tickets will be refunded at the box office. On Dec. 5, 2022, scientists at the Lawrence Livermore Laboratory’s National Ignition Facility in California aimed 192 laser beams at a pinhead-sized target containing deuterium and tritium and…
NTD Business (Dec. 13): FTX Founder Faces Criminal Charges; Nov. US CPI: Inflation Slows Down
Disgraced former FTX CEO Sam Bankman-Fried has been arrested and charged for allegedly stealing his customer’s money. There is some hope American customers could get their money back. U.S. inflation is slowing down for the fifth month in a row, but it’s still high. We talk to a billionaire businessman to see how things are…
Startup Raises $1.8 Billion in Bid to Generate Fusion Nuclear Energy
December 1, 2021
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Commonwealth Fusion Systems (CFS) has raised more than $1.8 billion, the largest private investment in the nuclear fusion industry as more investors pour money into energy projects that claim limitless energy with no or minimal wastage. Founded in 2017, CFS is based out of Cambridge, MA, and plans to deploy the capital to “construct, commission,…
Investments Powering the Future of Nuclear Fusion Technology
November 10, 2021
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Optimism regarding the harnessing of nuclear fusion—an unlimited, safe, affordable, and clean energy source that powers the sun and other stars—in the coming decade has driven investors to fund projects, reigniting dreams of world-changing technological breakthroughs. There are at least 35 private fusion companies across the world including the United States, Canada, China, UK, and…
Magnet Milestones Move Distant Nuclear Fusion Dream Closer
SAINT-PAUL-LES-DURANCE, France—Teams working on two continents have marked similar milestones: They’ve each produced very impressive magnets. On Thursday, scientists at the International Thermonuclear Experimental Reactor (ITER) in southern France took delivery of the first part of a massive magnet so strong its American manufacturer claims it can lift an aircraft carrier. Almost 60 feet tall…
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