Or has there been anything else?
Or has there been anything else?
Helion's scheme to turn fusion heat into pushing E&M fields back through their magnet to generate electricity is pretty different from a standard MHD generator.
Energy production/harvesting is a foundational element of our civilization. Literally all of the comforts of modern society require the expenditure of some form of energy. Any entity that develops an unlimited, clean and cheap source of energy essentially has access to a money printer.
A much more rational explanation would be "they are trying to grab as much cash as they can right now, for as long as people believe that this is a thing that we should be doing, and may be possible", regardless of whether it's a good idea (it isn't), or whether it would work (doesn't look like it). But sure, maybe they are completely sincere and really believe in it all, who knows?
But the issue isn't just that "all of the comforts of modern society require the expenditure of some form of energy" it's also the case that "exponentially increasing energy expenditure is just accelerating the rate at which we are asset stripping and polluting the earth" and the latter continues to be true even if we stop emitting CO2.
I think it should now be apparent to all that comfort-seeking and suicide are essentially the same process (ask any addict), at least for the definitions of "comfort" that our current political and economic system are organised around. Of course, quite a lot of people still do not experience a lot of "comfort" even with the practically limitless energy that we have from fossil fuels.
Edit: sorry for the ramble, but to summarize, I think you give people too much credit to imagine they can design such a complex money printer with a 10 year plan, and if they could plan to that timescale, they are probably going to see that society so far in to collapse by then, that even with infinite energy, there will not be much value in the money that it prints.
No. Potential investors are used to extremely skewed investments results for startups. Most startups fail, but some of those that succeed, succeed spectacularly.
A successful fusion startup is almost guaranteed to have a spectacular success, something that would make Facebook or Uber or Tesla look like small potatoes. Given that, a VC is ok with investing in it even if they think the likelihood of success is only 1%. They would not if they think that likelihood is only 0.01%, because at that level estimates are not reliable (who's to say it's 0.01% and not 0.00001% ?). But if there's a reasonable argument that P(success) ~ 1%, then it's a no-brainer to invest, because even a mistake of 2 orders of magnitude would still result in a positive return.
For the rest of us though, the "fusion is 50 years in the future" can simply be replaced with "there's a 99% chance fusion will not be done in the next 50 years". Or, what the heck, just leave it at "fusion is 50 years in the future" and you'll be much more right than wrong.
Well, one thing that should be clear to anyone watching the space is that fusion will be neither unlimited, clean nor cheap. At the very least, not with any approach being looked at today.
First of all, being based on state-of-the-art science and tech, it's clear that it cannot be cheap for another 20-30 years even if it was working today.
Secondly, fusion reactors will produce large quantities of radioactive waste, probably larger than fission reactors, because everything that comes in close proximity to the reactor will be bombarded by 30+ times as many neutrons than in a fission reactor (or 5x-20x as many for DD fusion), and much higher energy neutrons at that, making it brittle and radioactive. Most of the reactor components are expected to need changing every 2-4 years, by which time they will be radioactive waste. Not to mention, fusion plants will work with large amounts of tritium, which is notoriously hard to contain, making tritium leaks all but guaranteed. So, definitely not clean.
Thirdly, fusion reactors require large amounts of tritium, which is virtually non-existent on Earth and must be created in fission power plants. The neutrons from the fusion reaction can theoretically also be used to recycle tritium (when hitting the lithium blanket), but you would have to recapture 100% of the tritium produced this way to recreate fuel, which is not possible. So, to run a fusion reactor you will be limited by tritium availability, and that will mean you also need a small fission reactor, and that in turn requires uranium - so, not really that unlimited.
Not to mention, even Deuterium is not actually that easy to obtain, as you need to either get it from fossil fuels (the way it is mostly obtained today) or from water hydrolysis, which is another waste of your produced energy.
Overall, fusion seems extremely unlikely to be an economically viable source of energy in the coming decades. Every new reactor will require massive investments, it will waste a good portion of its output to keep itself running (powering the superconducting magnets, pumping coolant, void pumping the reactors, water hydrolisis, lithium processing to extract the tritium etc). It will require highly trained engineers to design, build and maintain. It will have a high risk of catastrophic damage to the reactor itself, easily vaporizing much of the investment in an instant if the magnetic containment of the plasma fails, for example, or melting down spectacularly if the cooling system fails. Virtually all components of the reactor, including the high tech magnets, will require constant replacement as they become brittle from the neutron bombardment - and all the old parts will require expensive radioactive storage for at least a few decades to centuries.
This is really not an honest critique. The cost of obtaining deuterium is quite low compared to all the other costs of building and operating a fusion reactor.
MIT's research, spun out as CFS, may be prompting other startups.
I wonder if they thought if it would be possible to accelerate such plasma droplets in opposite directions for to take Helion's aproach [1] if needed.
Here in Korea for example, they are building out the worlds most dangerous fission reactors because domestic heavy industry, concrete companies, and so on are extracting very good earnings from that. Meanwhile, Korea is the leader in offshore wind (but only to export to other countries, and it's all manufactured in Thailand) presumably the lack of interest in the Korean government in stimulating domestic demand, and the cheap labour in Thailand are factors, along with oil prices, in why it is so cost-effective.
A belief in the free market would lead us to expect that eventually the green options would become just as corrupt and be able to hold the world hostage and capture policymakers, but it does not seem to have happened yet, maybe there is just a lead time for industries to develop their capacities for political corruption?
[1] https://firstlightfusion.com/ [2] https://www.youtube.com/watch?v=M1RsHQCMRTw
Further, you will need huge quantities of such targets and projectiles, as the power plant will have to destroy them at a rate of one per second or so, in constant operation. So even for a single day, you will require 86,400 targets and as many projectiles - each being a marvel of precision engineering. Also, there is a good chance that you wouldnt even be able to recycle the material from spent targets to make new ones, as they will become radioactive from being in contact with the fusing plasma.
Essentially an ICF plant would actually be running on the world's most expensive fuel, and consuming it at an extraordinary rate.
capitalism innovation as usual.