How a $ 600 million fusion power license to beat solar



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WEntering with Michl Binderbauer in his two hectare lab, it's a bit like going on a factory tour with Willy Wonka. In one corner, Binderbauer, CEO of TAE Technologies, presents a new machine that blasts cancerous tumors with a neutron beam. Engineers huddle in a control room. Beyond their window: Norman. & Nbsp;

This is the name of TAE's 100-foot-long nuclear fusion reactor prototype, a beautiful assembly of stainless steel tanks, electromagnets and particle accelerator tubes. Once every eight minutes, Norman makes a sharp noise, turning 20 million watts of electricity into a plasma cloud of 100 million degrees Celsius and projecting it with proton beams (the simplest form of physics). 39; hydrogen). They crush together with enough force to fuse into helium, releasing large amounts of energy. "It's a function of violence," says Binderbauer, 50, with a smile.

TAE, known until last year as Tri Alpha Energy, raised $ 600 million, the most recent of which was valued at more than $ 2 billion. Among the investors are Vulcan Capital, the late Paul Allen, Venrock, of the Rockefeller family, and Big Sky Capital, the family money of billionaire stock trader Charles Schwab. They bet that TAE will be able to turn the merger into a source of electricity.

Fission, which powers several hundred nuclear power plants, consists of splitting uranium atoms into medium-sized atoms to release energy. Fusion, which shines the stars, goes in the other direction, combining small atoms in larger ones to release energy. The fission carries a risk of fusion and creates radioactive waste that must be set aside for 10,000 years. Fusion promises to be resistant to melting and waste.

"With fission, it's a chain reaction: once you're there, it's like a pact with the devil; it's hard to get out, "says Binderbauer, a talkative talker who runs TAE in an eucalyptus-lined industrial park southeast of Los Angeles. "With fusion, you do not have that. It's hard to start and even harder to keep going. "& Nbsp;

Difficult – or impossible. Binderbauer compares the process of controlling a plasma ball to holding a liquid Jell-O ball in place with rubber bands: "We struggle with a millionth of a second and the material oozes away." more, one hundred million degrees, it's too cool; TAE targets 2 billion degrees.

Russian physicists began working on fusion in the 1950s. They thought that a commercial reactor could be ready in 15 years. This is the forecast since. In a corner of the laboratory, Binderbauer maintains a gallery of earlier fusion prototypes, none of which produced more electricity than it consumed.

But the believers continue to come. "At the moment, nuclear technology is the only evolutionary source of energy, at zero-carbon base load," Bill Gates said in a statement. "But that poses a number of challenges." & Nbsp;

Gates is put money Commonwealth Fusion Systems, a spin-off of the Massachusetts Institute of Technology, which hopes to have a positive-energy reactor by 2025. Digital billionaires Peter Thiel and Jeff Bezos still support other fusion schemes. They are all in competition with a multinational project in France that uses $ 20 billion in taxpayers' money.

"I understood the limits of renewable energy," says Charles Schwab's son, Michael, who invested $ 50,000 in Tri Alpha in 2002, when he was 25 years old, and has been involved in all funding since. "It could solve our energy problems." & Nbsp;

What makes melting safer than fission? The reactor is under vacuum, says David Hill, director of a fusion reactor at General Atomics in San Diego. "All leaks are inward and a leak would extinguish the fire." In addition, he has nothing to melt. "If you have turned all the plasma into a solid" and you have accumulated it, the amount "is less than a grain of salt". & Nbsp;

Tri Alpha Energy debuts with Norman Rostoker (1925-2014), a Canadian who taught at the University of California at Irvine and won the 1988 Maxwell Prize for Plasma Physics. He and Glenn Seaborg, the Nobelist plutonium discoverer, have seen the technical limitations of the consensual approach to fusion energy, which involves destroying heavy isotopes of hydrogen together, fusing them into helium then that they were magnetically confined in a donut-shaped container called tokamak. Much of the energy emitted by this reaction comes from high-speed neutrons, which corrode the reactor vessel over time.

Postdoctoral student, Rostoker, with Binderbauer, of Austrian origin, worked on an alternative reaction of the plasma chamber that involves proton beams (elemental hydrogen) on a boron isotope. This chemistry produces few neutrons; Instead, it spits positively charged alpha particles that may be able to generate electricity without the steam turbines currently used in nuclear power plants. In 1997, they caused a sensation when Seaborg helped them share their breakthroughs in the newspaper Science. However, it was difficult to obtain government subsidies to continue their work. Too many plasma experts have dedicated their careers to Tokamak. & Nbsp;

Enter Hollywood. Rostoker met with actor Harry Hamlin, son of a rocket scientist, who despite the name of the sexiest man alive by People magazine in 1987, rubbed together plasma physicists during cocktails. Hamlin became president of Tri Alpha. Then the lunar walker Buzz Aldrin is registered. Google co-founder Sergey Brin toured and lent his artificial intelligence brain confidence to help process the data. Jeffrey Immelt, the fallen boss of General Electric, is the last star of the board.

Celebrity earns dollars and TAE drinks a lot. The buildings and equipment of Foothill Ranch, California, cost $ 150 million (or $ 250 million, including Norman) and require an additional $ 50 million a year to continue humming. Now, Binderbauer wants about $ 200 million to build the first prototype hydrogen, the last springboard for plasma research before a commercial fusion reactor, operating at much higher temperatures. & Nbsp;

Binderbauer fantasy about the economy. Solar cells can be manufactured at a cost of one dollar per watt of production capacity during peak hours. Maybe TAE could get the price of building a fusion generator up to $ 1.50 per watt, so its electricity would be cheaper than solar, because it does not turn off at night .

But venture capitalists will have to wait a long time before seeing a TAE power plant. To keep them entertained, Binderbauer has created a subsidiary that produces particle accelerators for the treatment of cancer. (The idea is to draw neutrons from the tumors that absorbed the boron molecules, which caused the destruction of the tumor by intense heat.) Last year, TAE brought together 40 million dollars to build the first device, which will soon be shipped to China. GE has important medical equipment and Immelt's connections will be useful. The TAE will need connections, dollars and luck to achieve ignition. Two billion degrees? "It makes you sober," says Binderbauer.

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WEntering with Michl Binderbauer in his two hectare lab, it's a bit like going on a factory tour with Willy Wonka. In one corner, Binderbauer, CEO of TAE Technologies, presents a new machine that blasts cancerous tumors with a neutron beam. Engineers huddle in a control room. Beyond their window: Norman.

This is the name of TAE's 100-foot-long nuclear fusion reactor prototype, a beautiful assembly of stainless steel tanks, electromagnets and particle accelerator tubes. Once every eight minutes, Norman makes a sharp noise, turning 20 million watts of electricity into a plasma cloud of 100 million degrees Celsius and projecting it with proton beams (the simplest form of physics). 39; hydrogen). They crush together with enough force to fuse into helium, releasing large amounts of energy. "It's a function of violence," says Binderbauer, 50, with a smile.

TAE, known until last year as Tri Alpha Energy, raised $ 600 million, the most recent of which was valued at more than $ 2 billion. Among the investors are Vulcan Capital, the late Paul Allen, Venrock, of the Rockefeller family, and Big Sky Capital, the family money of billionaire stock trader Charles Schwab. They bet that TAE will be able to turn the merger into a source of electricity.

Fission, which powers several hundred nuclear power plants, consists of splitting uranium atoms into medium-sized atoms to release energy. Fusion, which shines the stars, goes in the other direction, combining small atoms in larger ones to release energy. The fission carries a risk of fusion and creates radioactive waste that must be set aside for 10,000 years. Fusion promises to be resistant to melting and waste.

"With fission, it's a chain reaction: once you're there, it's like a pact with the devil; it's hard to get out, "says Binderbauer, a talkative talker who runs TAE in an eucalyptus-lined industrial park southeast of Los Angeles. "With fusion, you do not have that. It's hard to start and even harder to keep going. "

Difficult – or impossible. Binderbauer compares the process of controlling a plasma ball to holding a liquid Jell-O ball in place with rubber bands: "We struggle with a millionth of a second and the material oozes away." more, one hundred million degrees, it's too cool; TAE targets 2 billion degrees.

Russian physicists began working on fusion in the 1950s. They thought that a commercial reactor could be ready in 15 years. This is the forecast since. In a corner of the laboratory, Binderbauer maintains a gallery of earlier fusion prototypes, none of which produced more electricity than it consumed.

But the believers continue to come. "At the moment, nuclear technology is the only evolutionary source of energy, at zero-carbon base load," Bill Gates said in a statement. "But that poses a number of challenges."

Gates is investing in a merged firm of the Massachusetts Institute of Technology called Commonwealth Fusion Systems, which hopes to have a positive-energy reactor by 2025. Digital billionaires Peter Thiel and Jeff Bezos are still backing the bill. 39, other merger projects. They are all in competition with a multinational project in France that uses $ 20 billion in taxpayers' money.

"I understood the limits of renewable energy," says Charles Schwab's son, Michael, who invested $ 50,000 in Tri Alpha in 2002, when he was 25 years old, and has been involved in all funding since. "It could solve our energy problems."

What makes melting safer than fission? The reactor is under vacuum, says David Hill, director of a fusion test reactor at General Atomics in San Diego. "All leaks are inward and a leak would extinguish the fire." In addition, he has nothing to melt. "If you have turned all the plasma into a solid" and you have accumulated it, the amount "is less than a grain of salt".

Tri Alpha Energy started with Norman Rostoker (1925-2014), a Canadian who taught at the University of California at Irvine and won the 1988 Maxwell Prize for Plasma Physics. He and Glenn Seaborg, the Nobelist plutonium discoverer, have seen the technical limitations of the consensual approach to fusion energy, which involves destroying heavy isotopes of hydrogen together, fusing them into helium then that they were magnetically confined in a donut-shaped container called tokamak. Much of the energy emitted by this reaction comes from high-speed neutrons, which corrode the reactor vessel over time.

Postdoctoral student, Rostoker, with Binderbauer, of Austrian origin, worked on an alternative reaction of the plasma chamber that involves proton beams (elemental hydrogen) on a boron isotope. This chemistry produces few neutrons; Instead, it spits positively charged alpha particles that may be able to generate electricity without the steam turbines currently used in nuclear power plants. In 1997, they caused a sensation when Seaborg helped them share their breakthroughs in the newspaper Science. However, it was difficult to obtain government subsidies to continue their work. Too many plasma experts had devoted their career to tokamak.

Enter Hollywood. Rostoker met Harry Hamlin, the son of a rocket scientist, although he was named the sexiest man in the world People magazine in 1987, rubbed together plasma physicists during cocktails. Hamlin became president of Tri Alpha. Then the lunar walker Buzz Aldrin is registered. Google co-founder Sergey Brin toured and trusted the brain in artificial intelligence to help with data processing. Jeffrey Immelt, the fallen boss of General Electric, is the last star of the board.

Celebrity earns dollars and TAE drinks a lot. The buildings and equipment of Foothill Ranch, California, cost $ 150 million (or $ 250 million, including Norman) and require an additional $ 50 million a year to continue humming. Now, Binderbauer wants about $ 200 million to build the first hydrogen-boron prototype, the last springboard for plasma research before a commercial fusion reactor, operating at much higher temperatures.

Binderbauer fantasy about the economy. Solar cells can be manufactured at a cost of one dollar per watt of production capacity during peak hours. Maybe TAE could get the price of building a fusion generator up to $ 1.50 per watt, so its electricity would be cheaper than solar, because it does not turn off at night .

But venture capitalists will have to wait a long time before seeing a TAE power plant. To keep them entertained, Binderbauer has created a subsidiary that produces particle accelerators for the treatment of cancer. (The idea is to draw neutrons from the tumors that absorbed the boron molecules, which caused the destruction of the tumor by intense heat.) Last year, TAE brought together 40 million dollars to build the first device, which will soon be shipped to China. GE has important medical equipment and Immelt's connections will be useful. The TAE will need connections, dollars and luck to achieve ignition. Two billion degrees? "It makes you sober," says Binderbauer.

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