Thanks to Vibrator! for posting in the Always On thread about an announcement from Helion Energy, a US company developing fusion energy, that they have raised $500 million, and $1.7 billion in future commitments if certain targets are met.
An article about the news is here:
Here’s a tweet from the company about the news:
Our team has raised $500 million, led by @sama, to accelerate the construction of Polaris, our 7th fusion prototype. We expect Polaris to demonstrate net electricity from fusion in 2024. Read the full announcement from our founders: https://t.co/3LKE0BlqTK
— Helion (@Helion_Energy) November 5, 2021
Helion Energy’s website explains that its fusion reactor employs a “pulsed non-ignition fusion system”, and uses deuterium and helium-3 (D-³He) as fuel. Instead of creating heat to drive steam turbines, Helion states: “Our system is built to directly recover electricity. Just like regenerative braking in an electric car, our system is built to recover all unused and new electromagnetic energy efficiently.”