Why is CNN afraid to outright fire Cuomo? CNN is the media equivalent of The Titanic. As they go down why would they want to keep Cuomo on the deck?
Ted Turner is a nut case but also a genius. Sad what lesser minds did to his brilliant ego trip on Highway 17.
Chris Cuomo Continues to Flaunt Journalistic Ethics as He Remains On the Air
By Brad Slager
+++++++++++++++++
Over before they began.
GW never understood Iraq tribal differences nor did Brimmer, who was a disaster.
Biden has never been right when it comes to most everything. He is a total incompetent . His complete point of reference on any matter is what he learned serving in Congress which amounts to - NADA!
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
Recently I had one of the principals of this company (Commonwealth Fusion Systems) to our home to discuss Nuclear-Fusion and what they were doing to enable them to get sophisticated investors to help them. I also wrote a very brief synopsis of the meeting. Today the WSJ announced what Dan told we should expect. Each unit was offered at $30 million.
https://cfs.energy/news-and-
WSJ NEWS EXCLUSIVE
Nuclear-Fusion Startup Lands $1.8 Billion as Investors Chase Star Power
No one has been able to generate net energy by combining atoms, yet Commonwealth Fusion Systems has attracted Bill Gates and George Soros
Commonwealth Fusion in collaboration with MIT has tested a high-temperature superconducting fusion magnet, a key technology.
By Jennifer Hiller
Commonwealth Fusion Systems LLC said it has raised more than $1.8 billion in the largest private investment for nuclear fusion yet as startups race to be the first to generate carbon-free energy like the sun.
Big-name investors backing the latest funding round for the Massachusetts-based company include Microsoft Corp. co-founder Bill Gates and George Soros via his Soros Fund Management LLC. Some of Commonwealth Fusion’s competitors, including Helion Energy Inc., have also recently secured huge funding as investors pile into clean energy technologies amid growing concerns about climate change.
Nuclear fusion has long been the holy grail of the energy world. Fusion is the process of generating energy by melding atoms. Current nuclear power plants create energy through nuclear fission, or splitting atoms. Fusion has the potential to create nearly limitless energy using common elements such as hydrogen, and has the added benefit of generating little to no long-lived nuclear waste.
Experimental equipment at the Massachusetts Institute of Technology’s Plasma Science and Fusion Center. Commonwealth Fusion was spun out of MIT in 2018.
But despite decades of research, no one to date has been able to produce net energy through fusion—or more energy than it takes to create a fusion reaction. Private firms are vying to be the first not only to create net-energy machines, but to commercialize them by delivering electricity to the grid on the scale of a power plant.
“Everything is science fiction until someone does it and then all of a sudden it goes from impossible to inevitable,” said Bob Mumgaard, chief executive of Commonwealth Fusion, which was spun out of the Massachusetts Institute of Technology in 2018.
The recent infusion of cash into fusion startups eclipses the roughly $1.9 billion in total that was previously announced, according to data tracked by the Fusion Industry Association and the U.K. Atomic Energy Authority.
Helion Energy announced in early November that it had raised $500 million, with another $1.7 billion committed that is tied to meeting performance milestones. Canada’s General Fusion this week closed a $130 million fundraising round that was oversubscribed, said Chief Executive Christofer Mowry. New investors included a state pension fund and the hedge fund Segra Capital Management.
“It’s a sign of the industry growing up,” Mr. Mowry said. General Fusion plans to launch a larger fundraising effort next year.
Companies are pursuing different designs for fusion reactors, but most rely on fusion that takes place in plasma, a hot charged gas. In September, Commonwealth Fusion successfully tested the most powerful fusion magnet of its kind on Earth that would hold and compress the plasma.
Mr. Mumgaard said the magnet test and funding round allow it to move to the next big step in its evolution: building a net-energy fusion machine that it plans to demonstrate by 2025. It also plans to begin work on the first commercial fusion power plant that would produce electricity by the early 2030s.
New investors supporting Commonwealth Fusion’s most recent funding round include Alphabet Inc.’s Google, Salesforce.com Inc. Chief Executive Marc Benioff’s TIME Ventures and Silicon Valley venture-capital firm DFJ Growth.
Mr. Benioff said he has backed a number of firms he thinks could scale up enough to make an environmental impact. “Commonwealth is a very important company, because if it works, it’ll help the world accelerate its energy transition,” he said.
Vinod Khosla, co-founder of Sun Microsystems, was an early backer through his Khosla Ventures. He said he had the same reaction to the fusion company as he did to Impossible Foods Inc., the plant-based alternative meat maker, considering both critical for addressing climate change.
“My general view is there’s quite a few things in society that don’t get funded when they should, and frankly, some things in life are just too important to not fund,” Mr. Khosla said. His interest isn’t philanthropic, though; he said he sees an opportunity for a big financial return on fusion.
“If you’re wrong, you lose one times your money. But if you’re right, you make 100 times your money,” Mr. Khosla said. “Financially, it made sense.”
Until someone proves it, though, fusion won’t shake its reputation as a technology that is always around the corner. The world’s largest fusion project is ITER, a $22 billion multinational government-funded project in France. Scientists say the project, which has experienced delays, is on track to create superheated plasma by the end of 2025. Full fusion would come a decade later.
There are many skeptics of fusion as a near-term source of electricity. Retired Princeton University research physicist Daniel Jassby, a frequent critic, calls the recent private investment trend a “fusion frenzy” and notes that no one has produced electricity from fusion yet.
“A lot of it is fake it ‘till you make it,” Mr. Jassby said.
Tony Donné, program manager for a 28-country research consortium known as EUROfusion, said he likes the industrial approach of private companies, but thinks getting fusion power to the grid is likely to take 20 to 30 years.
David Kirtley, Helion’s chief executive, said he once counted himself among the skeptics. After studying fusion in graduate school, “I actually said, I quit,” Mr. Kirtley said. “I didn’t see a path where in my lifetime we were going to build a real system and get it out there.”
He pivoted to building spacecraft propulsion systems, but improvements in fields like fiber optics and computing convinced him that there was a path forward for commercial fusion.
This summer, Helion published results confirming it had become the first private firm to heat a fusion plasma to 100 million degrees Celsius, which it called the ideal temperature for a fusion power plant. It also broke ground on a facility in Everett, Wash., where it says it will demonstrate net electricity generation by 2024.
How Much Would It Cost to Reduce Global Warming? $131 Trillion Is One Answer
Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJ
The company’s recent funding round included commitments from Facebook Inc. co-founder Dustin Moskovitz and Sam Altman, the former head of tech incubator Y Combinator.
Adam Stein, a senior nuclear energy analyst at the Breakthrough Institute, a California-based research center, said he expects successful demonstrations of net energy this decade by some of the leading private fusion companies. But he also thinks some firms will fail.
“Net positive energy is a long distance away from net positive power, which is a system that can put out more power than it uses, ultimately as electricity on the grid,” Mr. Stein said. “These are still demonstration projects we’re looking at.”
++++++++++++++++++++++
Kemp responds to Abrams' announcement that she is running again. Why is she running if she already became governor?
Governor Kemp Responds to Abrams Announcement
ATLANTA - Following Stacey Abrams' 2022 gubernatorial announcement this afternoon, Governor Brian Kemp issued the following statement:
"With Stacey Abrams in control, Georgia would have shut down, students would have been barred from their classrooms, and woke politics would be the law of the land and the lesson plan in our schools. Her far-left agenda of open borders, gun confiscation, high taxes, and anti-law enforcement policies don’t reflect who we are as Georgians. Stacey’s never-ending campaign for power has already hurt Georgia businesses and cost our state millions – all in service to her ultimate ambition of becoming President of the United States. Next November’s election for Governor is a battle for the soul of our state. I’m in the fight against Stacey Abrams, the failed Biden agenda, and their woke allies to keep Georgia the best place to live, work, and raise a family.”
Press Contact
Tate Mitchell - Press Secretary
Kemp for Governor
tate@briankemp2022.com
And:
Edited:
+++++++++++++++++++++++++++++
No comments:
Post a Comment