Another fusion process

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Off the wires today, this one with a resurrection of the stellarator concept. Has anyone been following this? It look like they have made good progress. Their confidence seems high with the pilot tied to the grid.

Stellarator Fusion Company, Type One Energy Group, Raises $29 Million in First Financing, Appointing Christofer Mowry as CEO

Type One Energy announced today the close of an over-subscribed $29 million financing round. This effort launches the company’s ambitious, partner-ric

www.businesswire.com

 

[SpaceBus]

Off the wires today, this one with a resurrection of the stellarator concept. Has anyone been following this? It look like they have made good progress. Their confidence seems high with the pilot tied to the grid.

Stellarator Fusion Company, Type One Energy Group, Raises $29 Million in First Financing, Appointing Christofer Mowry as CEO

Type One Energy announced today the close of an over-subscribed $29 million financing round. This effort launches the company’s ambitious, partner-ric

www.businesswire.com

My gut feeling is "vaporware" but, I know nothing about this Stellarator technology.

 

[stoveliker]

I think the closing of a funding round was used as an opportunity for a press release.
Stellarators are better able to confine the plasma, but are harder (...) to make work, as compared to a tokamak.

I find it surprising how many companies there are "selling" stuff like this; in my view this is still very much in the realm of (govt funded) research.

But anything that gets us ahead on this perpetual "30 years from now" is a good thing...

Personally, I won't invest in companies claiming fusion. I'm not that much of a risk taker, and in my view they are too far from reality. Of course, there is a tiny chance it'll work soon, and in that case, you can retire had you invested now. But that risk is too large for my taste.

 

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