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It's not only governments pouring cash in, but private equity too. With all due respect, it seems ridiculous to me that fusion is a "meme technology" - aside f
by GordonS 4y ago
It's not only governments pouring cash in, but private equity too.
With all due respect, it seems ridiculous to me that fusion is a "meme technology" - aside from money, are all those many thousands of scientists really working on a technology they know can't work?
- pfdietz 4y agoSome of that private investment has been sadly lacking in critical due diligence. Look at Tri-Alpha. The people involved with that (Rostoker, Binderbauer and Monkhorst) were told 23 years ago that their colliding beam H-11B concept didn't work, for multiple reasons. Yet look at how much money they raised. https://www.researchgate.net/publication/235032059_Comments_on_the_Colliding_Beam_Fusion_Reactor_Proposed_by_Rostoker_Binderbauer_and_Monkhorst_for_Use_with_the_p-11B_Fusion_Reaction https://www.researchgate.net/publication/235032059_Comments_...
- ncmncm 4y agoLet us just observe that securities fraud is very unevenly enforced. None of these startup companies will ever produce a lone kWh of commercial power. But they will very diligently spend every dollar they are handed by VCs. The VC brokers know the score, but the money spent goes for equipment from quite profitable companies. It is not their money, and there seems to be plenty of it.