Thanks to a reader for sending a link to an article on Yahoo! Finance about how Breathrough Energy Ventures run by the Bill and Melinda Gates Foundation has become the lead investor in a company called Type One Energy which is pursuing a form of fusion energy.
From the article:
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Mon, May 15, 2023 at 2:29 PM CDT·4 min read
Breakthrough Energy Ventures, run by the Bill and Melinda Gates Foundation, has made some aggressive moves in the recent months, including becoming the lead investor in Type One Energy.
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Type One Energy is an energy startup that seeks to provide clean energy to the developing world through the use of fusion energy. The fusion process, which creates a clean, self-sustaining energy source, is made by combining lithium and deuterium into a machine known as a stellarator. The stellarator converts the lithium into tritium and then binds it to the deuterium to create an ultra-dense fuel combination of helium and neutrons.
According to Type One, this energy is so dense and rich that just 1 gram of it releases as much energy as burning 10,000 kilograms of coal. What that translates to for cities and areas with developing infrastructures is an energy source so powerful that just a few hundred kilograms of it can power an entire city for a year.
According to Type One Energy’s website, they are currently completing a demonstration scale stellarator with support from a grant from the US Department of Energy and in collaboration with MIT and the University of Wisconsin.