Some of the Biggest Names in Tech are interested in Fusion
Fusion of both the hot and cold varieties is suddenly very hot in the world of technology. Some of the biggest names in the technology businesses are investing big money in various fusion schemes, Fortune reported.
Some of the most noticeable names and investments in fusion include:
- Amamzon.com Inc. founder Jeff Bezos is backing a firm called General Fusion which is trying to create hot fusion with high tech hammers. Fortune reported that General Fusion has raised $94 million.
- Peter Thiel one of the men behind PayPal is betting on Helion Energy which is trying to develop a truck sized hot fusion reactor.
- Microsoft co-founder Paul Allen has invested in a company called Tri-Alpha which claims is also working on small scale-hot fusion. Tri Alpha has reportedly raised $140 million for its research.
- Allen’s former business partner Bill Gates is planning to spend $1 billion of his own money on clean energy projects including nuclear research over the next five years. At his blog Gates thinks that such research is necessary to stop global warming.
- Most of Gates’ money is being aimed at nuclear fission but the world’s richest man is interested in low energy nuclear reaction or LENR. Gates’ office confirmed to Fortune that that the Microsoft cofounder did visit the Italian government’s cold fusion research facilities last year but he has not invested.
- Fortune’s fusion article did mention Cherokee Partners’ investment in Industrial Heat which has purchased the rights to Andrea Rossi’s e-cat technology. Fortune called LENR “a variation of Pons and Fleischmann’s technology” which means that the rehabilitation of those two in the mainstream media has begun.
It is easy to see why the super wealthy are so interested in fusion if it ever works it could equal big money. Fortune noted that one tablespoon of liquid hydrogen fuel in a working hot fusion reactor would produce as much energy as 28 tons of coal. Think of the money that would save, the cost reduction in electricity production alone would be tremendous.
Commercialization of fusion could be closer than we think according to scientists at top universities. A team of researchers from Durham University and the Culham Centre for Fusion Energy in England thinks fusion reactors could become commercially viable in a few decades because new advances in superconductor technology, The Engineer reported.
MIT Professor Dennis Whyte is even more optimistic. He thinks that commercial hot fusion is just a decade away because of the same advances in technology.
It looks as if the fusion age is almost upon us. We had better get ready because fusion could soon become a reality whether we want it or not.