Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on October 17, 2020

Bookmark and Share

America’s First Nuclear Fusion Reactor Could Go Online in 2025

Alternative Energy

In 2014, Lockheed Martin (NYSE:LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online “in as little as ten years.” Five years later, Lockheed confirmed that it is still working on the project — but had made very little progress in nuclear fusion energy.

Now it sounds like MIT may beat them to it.

The SPARC of an idea

On the opposite side of the country from the fabled Skunk Works, which is working on LockMart’s version of the reactor, scientists at the Massachusetts Institute of Technology Plasma Science and Fusion Center are working on a compact fusion reactor of their own, reports The New York Times. Within the next three to four years, working in cooperation with a company spun off from MIT in 2017 to commercialize the idea, “Commonwealth Fusion Systems LLC,” MIT hopes to have a “SPARC” test reactor built to prove their concept.

MIT and CFS intend to use “yttrium barium copper oxide (YBCO) high-temperature superconducting magnet technology” to form a magnetic field to contain a reaction in which deuterium and tritium (both isotopes of hydrogen) will be forced to fuse together under high pressure and temperatures of “tens of millions of degrees.” The entire donut-shaped reactor should be “about the size of a tennis court,” says CFS CEO Bob Mumgaard. But if it works as promised, the reactor should produce about 10x more energy than is required to ignite and maintain the fusion reaction within it, paving the way, says CFS, for “carbon-free, safe, limitless, fusion power.”

At that point, MIT and CFS will begin constructing a full-scale “ARC” — which stands for “affordable, robust, compact” — power plant, possibly as early as 2025.

A better nuclear future?

MIT and CFS are planning for their prototype ARC reactor to put out about 270 megawatts — about one-quarter the output of a standard fission reaction nuclear power plant, and enough to power 100,000 homes.

Similar in concept to the International Thermonuclear Experimental Reactor (ITER) currently under construction in Southern France (with an expected operational date of 2035), MIT and CFS say their reactor will cost only a fraction of ITER’s expected $22 billion price tag. If they’re right, that would also make ARC cheaper to build than existing fission-based nuclear power plants, which can cost $23 billion and up.

Moreover, operating costs after construction should be significantly less, as a fusion reactor will not need expensive uranium to fuel it, instead using hydrogen as its fuel source. Nor will it need so much fuel. Indeed, CFS claims that “one glass of water will provide enough fusion fuel for one person’s lifetime” — without the radioactive waste of a traditional nuclear reactor.

What it means for investors

Now, what are the chances MIT and CFS will succeed in their project?

Well, if funding is any indication of the chances of success (it might not be, but I’d argue it’s at least a gauge of investors’ confidence), MIT and its partner are off to a good start. According to data collected by S&P Global Market Intelligence, in just three years, Commonwealth Fusion Systems has already attracted nearly $250 million in private financing from investors, including both private equity firms and also Italian energy giant Eni S.p.A. (NYSE:E).

That’s more than twice the money that privately-held, California-based TAE Technologies — another start-up doing fusion research — is reported to have amassed, and nearly five times what U.K.-based First Light Fusion, affiliated with Oxford University, has raised.

That being said, it’s far less than the $106 billion market capitalization backing Lockheed Martin’s efforts. Given how little progress LockMart seems to have made over the past six years, I’d caution investors not to take even MIT’s success for granted. CFS might still fail in its endeavor.

That being said, the amount of private money being thrown at this endeavor is intriguing. As MIT and CFS continue to progress toward construction of their test reactor, an IPO might not be out of the question to accelerate their efforts. As one of the leaders in this new field of energy research, Commonwealth Fusion Systems is an IPO prospect I’d want to keep on the lookout for.\

fool



74 Comments on "America’s First Nuclear Fusion Reactor Could Go Online in 2025"

  1. makati1 on Sat, 17th Oct 2020 7:28 pm 

    And a herd of pink unicorns could appear on the White House lawn.

    BTW: The picture is probably just a stage set. Or it could be anything in a huge factory. So many suckers waiting in line to throw money at this black hole.

    But then, greedy people…er…”investors” are not the brightest people in the world. LOL

  2. makati1 on Sat, 17th Oct 2020 7:29 pm 

    Scanning the headlines this day brings me to the conclusion that Amerika is full of snowflakes and I do not mean the kind winter brings. Whew!

  3. Abraham van Helsing on Sun, 18th Oct 2020 12:27 am 

    The weekly fusion article.
    Maybe it will work, more likely it won’t.

  4. DT on Sun, 18th Oct 2020 4:53 am 

    So if they get one of these contraptions going how much will it cost and how much electricity will the thing make? Then what? Will these god sent devices start springing up everywhere at an affordable cost?

  5. zero juan on Sun, 18th Oct 2020 5:31 am 

    widdle juan is up:

    DT said So if they get one of these contraptions going how…

  6. zero juan on Sun, 18th Oct 2020 7:31 am 

    widdle Ppee juan where are you today? Is your depression REALLY bad? I hope so

  7. zero juan on Sun, 18th Oct 2020 11:21 am 

    OH Dear, maybe something happened to the lunatic. Maybe he finally check out for good.

  8. REAL Green on Sun, 18th Oct 2020 11:48 am 

    Ppee juans likely workin real hard as local campain manager for Trump Davy. He hates America that bad.

  9. zero juan on Sun, 18th Oct 2020 12:23 pm 

    I think Ppee’s depression is elevated so he is not trolling much these days. Try fentanyl Ppee that will help you forget about how worthless your life is:

    REAL Green said Ppee juans likely workin real hard as local campai…

  10. JuanP on Sun, 18th Oct 2020 12:50 pm 

    For the record. I am the real JuanP and I haven’t posted a single comment here since before yesterday. I’ve moved on to greener pastures. I would recommend you all do the same. Reading the comments here or posting something is a complete waste of your lives. This website is fucked beyond redemption. Move on, guys!

  11. Davy on Sun, 18th Oct 2020 12:50 pm 

    We have to disagree with you zero juan. We think PPees likely enjoying his life bein rich and famous and all.

  12. zero juan on Sun, 18th Oct 2020 12:57 pm 

    LMFAO, Ppee juan is out there he is just having a hard time becuase he is so depressed. Welcome to hell troll!

    Davy said We have to disagree with you zero juan. We think P…

  13. Davy on Sun, 18th Oct 2020 1:01 pm 

    This is a lame unmoderated Internet forum zero juan. Only lunatics come here.

  14. zero juan on Sun, 18th Oct 2020 2:00 pm 

    exactly, lunatic, you are the reason for this. If we could ever get you shit canned things might change.

    “Davy said This is a lame unmoderated Internet forum zero jua…”

  15. JuanP on Sun, 18th Oct 2020 2:14 pm 

    Go Trump! Anyone but Hunter! My wife and I are considering volunteering for the Trump campaign to fight the narcissistic, psychopathic bitch.
    I think I could use my antisocial, psychopathic, sociopathic skills to convince people to vote for Trump. I can be very convincing when I want and I am excellent at manipulating people.

  16. JuanP on Sun, 18th Oct 2020 2:36 pm 

    Biden ‘most compromised person in the history of American politics’: Donald Trump Jr.

    Everything that the Democrats and the media, and I group them as one and the same at this point … everything that they hoped and prayed I was doing, that they made me testify for 30 hours for, that they said I had committed treason doing, Hunter Biden was actually doing,” Trump Jr. said.
    https://www.foxnews.com/politics/hunter-biden-donald-trump-jr-maria-bartiromo

  17. Davy on Sun, 18th Oct 2020 2:39 pm 

    Thanks for all yer hard work JuanP! I voted for Trump out of respect for you.

  18. zero juan on Sun, 18th Oct 2020 2:45 pm 

    widdle Ppee juan could not stay quiet for long. The troll can’t stand being trolled. Welcome to hell troll. We are going to take you down and kick you out!

    DT said The solution to pollution is dilution.

    Davy said Thanks for all yer hard work JuanP! I voted for Tr…

  19. Davy on Sun, 18th Oct 2020 3:26 pm 

    We need to see the docter REAL Bad zero juan.

  20. zero juan on Sun, 18th Oct 2020 3:29 pm 

    widdle is getting angry now. LMFAO

    Davy said We need to see the docter REAL Bad zero juan.

  21. REAL Green on Sun, 18th Oct 2020 3:30 pm 

    So true widdle. So true.

    We need to see the docter REAL Bad like.

  22. zero juan on Sun, 18th Oct 2020 3:47 pm 

    Ppee juan, we are going to shit can you it is just a matter of time. Bye bye troll!

    REAL Green said So true widdle. So true. We need to see the docter…

  23. zero davy on Sun, 18th Oct 2020 3:52 pm 

    Ppee davy, we are going to shit can you it is just a matter of time. Bye bye troll!

    REAL Green said So true widdle. So true. We need to see the docter…

  24. Davy on Sun, 18th Oct 2020 3:57 pm 

    “The American Revolution – The Sequel”
    https://www.zerohedge.com/political/american-revolution-sequel

    “The US is the most observed country in the world. Since it’s the world’s current empire (and since it is beginning its death throes as an empire), it’s fascinating to watch. Those of us outside of the US watch it like Americans watch TV. It’s like a slow-motion car wreck that we observe almost daily, eager to see what’s going to happen next. We criticise the madness of it all, yet we can’t take our eyes off the unfolding drama. It has all the excitement of a blockbuster movie.

    The national debt is, by far, the highest of any country in history.

    The economic system is a house of cards, getting shakier every day.

    The government has become mired in progress-numbing fascism and increasing collectivism.

    The government is aggressively creating the world’s most organized police state.

    The majority of the population have become wasteful, spendthrift consumers who apathetically hope that their government will somehow solve their problems.

    The media consistently misrepresents international events, prodding the citizenry into accepting that the ongoing invasion of multiple other countries is essential.

    The most popular candidates for president (both parties) are the candidates that are the most egotistical, out-of-control blowhards who preach provocative rhetoric rather than real solutions.

    Most Americans receive their opinions from the media. Although this is not apparent to many Americans, it’s glaringly clear to those outside the US who can only shake their heads at the misinformation proffered by the US media and the wholesale acceptance of this “alternate reality” by so many Americans.“

  25. zero juan on Sun, 18th Oct 2020 4:02 pm 

    widdle juan is so stupid he thinks nobody knows when he pretends to be sombody else. widdle is like a child but a lunatic.

    Davy said “The American Revolution – The Sequel” https…

    zero davy said Ppee davy, we are going to shit can you it is just..

  26. REAL Green on Sun, 18th Oct 2020 4:08 pm 

    So true Davy. So true.

    Were in worst decline since Soviet Union.

  27. zero juan on Sun, 18th Oct 2020 4:11 pm 

    widdle juan, everyone knows its you. You are so hilariously stupid:

    REAL Green said So true Davy. So true. Were in worst decline since…

  28. Davy on Sun, 18th Oct 2020 4:15 pm 

    Don’t listen to zero juan y’all. zero juans nutters.

  29. zero juan on Sun, 18th Oct 2020 4:21 pm 

    widdle you are a nut case. you realize we are going to shit can you. I am working with the moderators on the other side.

    Davy said Don’t listen to zero juan y’all. zero juans nutter…

  30. LANA reverse I'm so sad rite na the most intelligent and interesting supertard kat will croak soon on Sun, 18th Oct 2020 4:21 pm 

    Thanks a lot muzz-19
    This has dropout-19 semen in it

  31. Davy on Sun, 18th Oct 2020 4:33 pm 

    More proof were in worst decline since Soviet Union:

    “Steve Bannon Behind ‘Roll-Out Plan’ For Hunter Biden Emails, Says ‘Multiple Stories From Multiple Media Sources’ About To Hit”
    https://www.zerohedge.com/political/ste … s-multiple

    “In a recent interview with Revolver, former White House Chief Strategist Steve Bannon admitted that he’s the architect of a coordinated roll-out of the Hunter Biden laptop contents, and that there’s much, much more to come. To review, last month the New York Post set off a nuclear bomb when they released evidence from the younger Biden’s hard drive obtained by Rudy Giuliani, after a computer repair shop owner initially approached the FBI, which appears to have concealed evidence of Biden family corruption in Ukraine and elsewhere while President Trump was being impeached for asking Ukraine to investigate exactly that. And Steve Bannon is master of ceremonies for this October surprise. As former Breitbart journalist Lee Stranahan – who’s not exactly Bannon’s biggest fan – puts it, “I can’t think of a single example of him saying he had the goods on the story that didn’t pan out,” adding “If he says a lot more is coming he’s not shooting blanks.” I have many criticisms of Bannon, like ignoring my warnings in 2017 the Ukraine story was going to be a big deal. but… I can’t think of a single example of him saying he had the goods on the story that didn’t pan out. If he says a lot more is coming he’s not shooting blanks. Interview with Steve Bannon via Revolver.com (emphasis ours) Last week the NY Post took the political world by storm with its release of shocking material from Hunter Biden’s hard drive indicating corruption, sexual depravity, and more. The Post reported that a lawyer for former NY Mayor Rudy Giuliani obtained the hard drive from a computer repairman and that former White House Chief Strategist Steve Bannon had alerted the Post to the existence of the hard drive in July. But before turning over the gear, the shop owner says, he made a copy of the hard drive and later gave it to former Mayor Rudy Giuliani’s lawyer, Robert Costello. Steve Bannon, former adviser to President Trump, told The Post about the existence of the hard drive in late September and Giuliani provided The Post with a copy of it on Sunday. [NY Post] Steve Bannon has since clarified to Revolver News that he was brought into the project based on familiarity with corruption in corporate America, on Wall Street, and within the Chinese Communist Party and America’s political class. Mr. Bannon revealed that he “worked up and executed the roll out plan” of the information contained in the Hunter hard drives. Given his close knowledge and familiarity with an issue of such explosive importance to the election, Revolver asked Mr. Bannon a few questions pertaining to the contents of Hunter’s hard drive and the political implications of their release. Revolver: What is the most incriminating thing on the hard drive? Rudy has suggested illegal things, and as Revolver reported, the FBI person tasked with the hard drive is associated with the child pornography division. Could you give more insight into how bad it is we’re talking about? Mr. Bannon: Joe Biden is a liar, a fraud, and compromised by Chinese cash. In short, he is a national security crisis. The hard drive combines emails and text messages that show a massive involvement with companies controlled by the Chinese Communist Party. Also, there are 25,000 images that show a drug-addled, depraved lifestyle — one that decent hardworking Americans will not want near the White House. Revolver: The FBI has been holding onto the hard drive for almost a year? Any sense of why? Was there any indication that they were seriously interested in a criminal case, assuming that there is, in fact, illegal material on there? If not, why would the FBI simply hold onto information like that? Mr. Bannon: The President must confront the director of the FBI on why the information housed on this hard drive was not moved on immediately. If the content of the hard drive had been released when received in November 2019, there would have been no impeachment of Trump, and Bernie Sanders would be the Democratic Party nominee. This confrontation should take place this weekend in the Oval Office. If Wray doesn’t have a bulletproof reason he should be fired in the room. Revolver: What are your best estimates on how many foreign entities may have obtained possession of the hard drive? Chinese intel? Mr. Bannon: It’s the actions represented on the hard drive that the American people must understand our enemies know about. The cash and equity given for access to Biden, the favors done for that cash, the drugs, the depravity. The CCP, Russian Intel, the Iranian Revolutionary Guard Intel Services — they know the Bidens are for sale. Revolver: Is there any reason to expect that the contents of the hard drive will be revealed before the election? If yes, will people actually care enough for it to substantially affect the outcome? Mr. Bannon: The Bidens are about to be hit with multiple stories from multiple media sources based off evidence beyond the hard drive. Fox and Peter Schweitzer have already started but bigger more mainstream companies are going to weigh in. We already have set in motion the various apparatuses that will release everything. Revolver: What are your thoughts on the efforts to discredit the hard drive as “Russian disinformation?” Is there any evidence this is Russian disinformation at all? At any rate, what matters is not whether Biden-supporting media calls it “disinformation” — what matters is whether it’s true. Has the Biden camp explicitly denied the factual accusations pertaining to the hard drives? Mr. Bannon: Rupert Murdoch’s team at the NY Post is as sophisticated and tough as there is in all media. They had the metadata and they signed off to go forward. The Russia excuse — and it is an excuse — collapsed when Fox verified the information with someone on the email chain. The Biden campaign has yet to say these emails or photos are not real. The reason? Hunter’s lawyer sent emails trying to recover the hard drive. These are real — the Bidens know they are real — and they are going to have to deal with that reality.”

  32. zero juan on Sun, 18th Oct 2020 4:35 pm 

    widdle juan Ppee everyone know its you LMFAO

    Davy said More proof were in worst decline since Soviet Unio…

    LANA reverse I’m so sad rite na the most intelligent and interesting supertard kat will croak soon said Thanks a lot muzz-19 This has dropout-19 semen in…

  33. makati1 on Sun, 18th Oct 2020 4:41 pm 

    Juan, can we have one day free of your childish behavior, please?

  34. Davy on Sun, 18th Oct 2020 4:41 pm 

    zero juans nutters y’all. Don’t listen to zero juan.

  35. Davy on Sun, 18th Oct 2020 4:42 pm 

    makati1s a senile old man y’all. Don’t listen to makati1.

  36. zero juan on Sun, 18th Oct 2020 4:54 pm 

    widdle, Wak will be mad you stole his ID. I thought you were friends.

    Davy said makati1s a senile old man y’all. Don’t listen to m…

    Davy said zero juans nutters y’all. Don’t listen to zero jua…

  37. Davy on Sun, 18th Oct 2020 5:00 pm 

    Anyone that uses a pink poodle avatar is obviously nutters and confused sexually. Don’t listen to zero juan y’all.

  38. makati1 on Sun, 18th Oct 2020 5:04 pm 

    Scanning the headlines this day brings me to the conclusion that Amerika is full of snowflakes like JuanP and I do not mean the kind winter brings. Whew!

  39. Davy on Sun, 18th Oct 2020 5:13 pm 

    JuanP is an illegal wetback scum wak. He is not from Amerika. I am.

    stupid

  40. makati1 on Sun, 18th Oct 2020 5:30 pm 

    Juan…Woof…Woof

  41. makati1 on Sun, 18th Oct 2020 5:32 pm 

    Juan, changing a few words does not change reality. You are a sick human. I guess you are human but there is no proof here.

    You are so fucking brainwashed that you have no original thoughts, if you ever did. Typical illegal wet back. Your Miami is going down big time and fast. I am cheering its demise from the cheap seats here in the Philippines as you well know. GO trump!

  42. Davy on Sun, 18th Oct 2020 5:33 pm 

    Woof…Woof…Wak

  43. makati1 on Sun, 18th Oct 2020 5:36 pm 

    Juan, get over it! ZH is a Sinophobic/Capitalist website, but it is also a group of comments/articles from other, more reputable, sites and saves me time switching around. I don’t read 80% of what is on ZH as it is trash or bullshit, just like you.

  44. makati1 on Sun, 18th Oct 2020 5:37 pm 

    juan….Woof…..Woof

  45. makati1 on Sun, 18th Oct 2020 5:38 pm 

    All comments since 5:36 are not mine but from the idiot Juan.

  46. bochen787 on Sun, 18th Oct 2020 5:43 pm 

    I have been lying, China is paying me to be a bot and spread Sinophilia. Sorry

  47. REAL Green on Sun, 18th Oct 2020 5:48 pm 

    We had are fun Davy. Can we go move a cow now?

  48. Davy on Sun, 18th Oct 2020 5:49 pm 

    Cow moving is REAL important wurk REAL Green.

  49. bochen787 on Sun, 18th Oct 2020 5:49 pm 

    Have you ever seen a chinaman eat? They are disgusting and dirty

  50. REAL Green on Sun, 18th Oct 2020 5:52 pm 

    Mommy said cows no how to move thereselfs Davy. That’s what there legs are for.

Leave a Reply

Your email address will not be published. Required fields are marked *