Votto
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- Oct 31, 2012
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US firm inches closer to revolutionary energy breakthrough: 'Holy grail'
"This is happening at a time when we need a lot of energy."
Commonwealth Fusion Systems has secured $863 million to accelerate its work on fusion power, Bloomberg reported.
The Massachusetts-based company is building a demonstration system that is about 65% complete. Chief Executive Officer Bob Mumgaard said the project is on track to reach a critical milestone in 2027, opening the way for a commercial-scale plant in Virginia, according to Bloomberg.
"This brings us closer to making fusion a commercial endeavor," Mumgaard said. "This is happening at a time when we need a lot of energy".
Fusion power is touted as the "holy grail" of clean energy because it can reduce our reliance on planet-warming fossil fuels. It also produces less radioactive waste than other processes, such as nuclear fission.
This scientific breakthrough means fusion power could propel us into a cleaner, more efficient future. A fusion reaction can create as much as 100 million times more power than burning dirty energy.
Fusion reactions typically use hydrogen — the most abundant element on Earth — which can be extracted from ocean water and lithium, and this can meet human energy needs for millions of years. Conversely, carbon-based, dirty energy is finite, and its growing scarcity can threaten our economy and national security.
Supporters see it as a way to lower energy bills and insurance costs, while reducing pollution and delivering a clean power source for expanding cities and industries. It has been touted as a technology that could transform how the world generates electricity.
It really is the best solution to a whole lot of needs.
Personally, I think that the powers that be will now push this because of their lust for AI which needs a great deal of power than we have currently. Without that, I doubt they would care much.