The following is a press release from Estonian company Deneum posted here: https://www.marketwatch.com/press-release/deneum-proves-feasibility-hypothesis-for-its-nuclear-fusion-power-station-concludes-1m-private-round-2018-08-29
(Thanks to Alan Smith for sharing)
TALLINN, Estonia, August 29, 2018 /PRNewswire via COMTEX/ — TALLINN, Estonia, August 29, 2018 /PRNewswire/ —
Deneum, a company aiming to revolutionize global energy industry with the nuclear fusion Power Station, announced that it has successfully proved the feasibility hypothesis via its laboratory unit during the private demonstration. Deneum also concluded $ 1M during the private round first stage. Offering global market the Philosopher’s stone of energy generation based on interaction between Titanium and Deuterium, Deneum has successfully concluded the first private demonstration of the Power Station laboratory unit. The demonstration held in Deneum R&D laboratory in Tallinn implied the Power Station launch and main operating mode showcase. All the indicators including temperature fluctuation, pressure, vacuum density and others were measured and visually represented online via the public proprietary software provided by independent vendor.
“The main indicator of an appropriate interaction of the active body components within the Deneum Power Station is successful maintenance of a certain installation mode, in which amount of energy needed for launch, once consumed creates a thin level of resonance that implicates a self-sustaining reaction between titanium hydride and deuterium. This reaction is exothermic with a large amount of excess heat, which is then to some extent converted into electricity and partly used “as is” in the form of thermal energy. We were able to achieve and maintain this effect during the demonstration. This makes it 63 successful feasibility tests in a row with this one carefully measured and documented, – comments Dmitry Samoylovskikh, Deneum CEO & founder. – We’re witnessing the largest particle physics breakthrough of the century, and Deneum team is very glad to make it happen”.
The reaction produced by the active body components is self-sustaining, which means Power Station keeps on working without any further intervention once launched. Deuterium and Titanium worth $20 installed into the Power Station can maintain a housing area of 100 sq. meters for up to 1 year with no need for recharge or additional service. This is an unprecedented level of energy efficiency beyond what any of the existing sources may offer, including traditional nuclear energy. The energy of Deneum Power Station is yet eco-friendly, renewable and radically cheap.
Deneum team has successfully concluded the first stage of the ICO private round having raised $ 1M. The funding will be re-invested into further R&D and Power Station G3 prototype development as well as deployment of Deneum own production line manufacturing the Power Station active body main components. Deneum team is planning to conclude the second stage of the private sale round by the end of September aiming at $ 2M hard cap. The total funding to be raised during all stages of the ICO is estimated at $ 90M.
The company’s website is here: https://deneum.com/