Billionaires Are Chasing The Holy Grail of Energy: Fusion (bloombergquint.com)
Long-time Slashdot reader Zorro shared this article from Bloomberg:
Not long before he died, tech visionary Paul Allen traveled to the south of France for a personal tour of a 35-country quest to replicate the workings of the Sun. The goal is to one day produce clean, almost limitless energy by fusing atoms together rather than splitting them apart. The Microsoft Corp. co-founder said he wanted to view the early stages of the International Thermonuclear Experimental Reactor in Cadarache firsthand, to witness preparations "for the birth of a star on Earth." Allen wasn't just a bystander in the hunt for the holy grail of nuclear power. He was among a growing number of ultra-rich clean-energy advocates pouring money into startups that are rushing to produce the first commercially viable fusion reactor long before the $23 billion ITER program's mid-century forecast. Jeff Bezos, Bill Gates and Peter Thiel are just three of the billionaires chasing what the late physicist Stephen Hawking called humankind's most promising technology.
Scientists have long known that fusion has the potential to revolutionize the energy industry, but development costs have been too high for all but a handful of governments and investors. Recent advances in exotic materials, 3D printing, machine learning and data processing are all changing that. "It's the SpaceX moment for fusion," said Christofer Mowry, who runs the Bezos-backed General Fusion Inc. near Vancouver, Canada. He was referring to Elon Musk's reusable-rocket maker. "If you care about climate change you have to care about the timescale and not just the ultimate solution. Governments aren't working with the urgency needed."
The company Allen supported, TAE Technologies, stood alone when it was incorporated as Tri-Alpha Energy two decades ago. Now it has at least two dozen rivals, many funded by investors with a track record of disruption. As a result, there's been an explosion of discoveries that are driving the kind of competition needed for a transformational breakthrough, according to Mowry.
The article reports one fusion company founded last year by six MIT professors is "confident they'll be able to produce a prototype of a so-called net energy reactor by 2025."
Scientists have long known that fusion has the potential to revolutionize the energy industry, but development costs have been too high for all but a handful of governments and investors. Recent advances in exotic materials, 3D printing, machine learning and data processing are all changing that. "It's the SpaceX moment for fusion," said Christofer Mowry, who runs the Bezos-backed General Fusion Inc. near Vancouver, Canada. He was referring to Elon Musk's reusable-rocket maker. "If you care about climate change you have to care about the timescale and not just the ultimate solution. Governments aren't working with the urgency needed."
The company Allen supported, TAE Technologies, stood alone when it was incorporated as Tri-Alpha Energy two decades ago. Now it has at least two dozen rivals, many funded by investors with a track record of disruption. As a result, there's been an explosion of discoveries that are driving the kind of competition needed for a transformational breakthrough, according to Mowry.
The article reports one fusion company founded last year by six MIT professors is "confident they'll be able to produce a prototype of a so-called net energy reactor by 2025."
I lived in a grad student dorm at the University of Texas for my first two years in law school. The first year a grad student in physics gave a talk about the viability of nuclear fusion energy production. He said that about thirty years before then people optimistically predicted that it would be dominating energy production thirty years from then, but that the science had advanced fairly dramatically, and he thought within another thirty years or so we really would see it. By the way, that was in 1981. We have been hearing this about nuclear fusion since the 1950s. But *this* time it's different!
TANSTAAFL
on for a major leap in human civilization. We did that for hundreds (thousands?) of years and progress was really, really slow. It took the government to get us to the moon. That's just because it's really, really expensive to do basic research and it takes a long time to pay off. The occasional board aristocratic (which, let's face it, is what these folks are) is about as good a system as watery tarts handing our swords.
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it's fine if they want to spend money on the research. I'm all for it. I just don't want to rely on them for major breakthroughs, which with the last 40 years of nonstop tax and science funding cuts seems to be what we're doing.
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Nothing against chasing this dream however I'd like a few billionaires to invest in the storage of energy that we can currently harvest - solar, wind - types of energy that we have available in abundance right now, but where the difficulty is storage.
FUSION: It's the energy of the future, now and forever!
The problem with quotes on the internet, is that nobody bothers to check their veracity. -- Abraham Lincoln
Over the last 40 years I have observed that there has been a breakout, breathless story about a "cold fusion breakthough" every 5-7 years. It is always the same.
News releases, predictions, opinions, completely math-less pictures and descriptions of the "product" and either calls for investment or confident predictions of investors. It is always going to change the world in the next 6-months to 2-years time frame.
In the past several cycles you get youtube videos. The most interesting thing about them is the variation in video production values. (Pro tip: if it has background music it is definitely a snow job.)
Then nobody is able to reproduce the results that the original team reported. Or if they even tried they point out that the energy gain that came out of the rig wasn't the result of fusion it was something else.
That's the Cold Fusion Cycle. It has been about 5 years so I guess we are due.
... Christofer Mowry, who runs the Bezos-backed General Fusion Inc. ...
Because Captain Fusion sounds like a Marvel character and Admiral Fusion sounds like a cereal.
It must have been something you assimilated. . . .
it will take a lot longer than ppl think. As it is, fusion is right around the corner.
In the mean time, the CO2 is building up. We need to chase 4th gen fission here and now. If Gates really cared about AGW, he would be funding Flibe energy, and Thorcon, Both of these can not only use thorium (and we have plenty already mined), but also 'nuke waste' . In fact, we can burn up a lot of that waste.
BUT, these billionaires are doing little to nothing on this.
I prefer the "u" in honour as it seems to be missing these days.
... which operates for free, and at a safe distance. It provides way more energy than mankind requires. All we need to do is collect it, and we are getting increasingly good at that.
We already know how to harness power from fusion. The technique is called "solar panel".
The Democrats are not supporting nuclear in Iran, they are supporting supervision so they don't make bombs. Trump wants to kill the supervision so he can claim they have the bomb and start a war.
Wikipedia is unreliable. I use silly things like research papers.
It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)