Nuclear fusion

Mitternight Industries Awarded Innovative DOE Fusion Project

Wednesday, September 15, 2021 - 4:29pm

MOBILE, Ala., Sept. 15, 2021 /PRNewswire/ -- As part of a $1.15 million Small Business Innovation Research (SBIR) grant awarded to KVA Stainless by the U.S. Department of Energy, Mitternight Industries announced a partnership with KVA Stainless.

Key Points: 
  • MOBILE, Ala., Sept. 15, 2021 /PRNewswire/ -- As part of a $1.15 million Small Business Innovation Research (SBIR) grant awarded to KVA Stainless by the U.S. Department of Energy, Mitternight Industries announced a partnership with KVA Stainless.
  • Mitternight Industries will provide design engineering and fabrication of the prototype reactor which will implement KVA Stainless's integrated welding and thermal processing procedures.
  • This SBIR project will develop integrated joining methods to enable fabrication of complex structures while maintaining required dimensional accuracy, material and physical properties.
  • "We congratulate KVA on being awarded this grant by the U.S. DOE and are excited to be their partner in this project.

Why Experts Expect Lithium Supply Will Keep Growing Along With Rising Electric Vehicle (EV) Demand

Thursday, August 26, 2021 - 1:45pm

A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through to 2030.

Key Points: 
  • A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through to 2030.
  • Lithium, the world's least dense metal (Atomic number 3) is also integral to powering the digital economy mobile phones, tablets and laptops.
  • Analysts at Citi predict that 75% of all mined lithium will go into EVs by 2025 but cars will be the segment to focus on.
  • Lithium may also have a future role to play in the Holy Grail of cheap, limitless, zero carbon energy: nuclear fusion.

Why Experts Expect Lithium Supply Will Keep Growing Along With Rising Electric Vehicle (EV) Demand

Thursday, August 26, 2021 - 1:45pm

A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through to 2030.

Key Points: 
  • A 2019 report estimated that demand for electric bikes and scooters would have a compound annual growth rate of 8% through to 2030.
  • Lithium, the world's least dense metal (Atomic number 3) is also integral to powering the digital economy mobile phones, tablets and laptops.
  • Analysts at Citi predict that 75% of all mined lithium will go into EVs by 2025 but cars will be the segment to focus on.
  • Lithium may also have a future role to play in the Holy Grail of cheap, limitless, zero carbon energy: nuclear fusion.

Ultromics Raises $33M in Series B Funding to Help Transform Cardiac Disease Treatment

Monday, August 16, 2021 - 1:30pm

Cardiovascular disease is the leading cause of mortality in the world, with an estimated 17 million deaths each year.

Key Points: 
  • Cardiovascular disease is the leading cause of mortality in the world, with an estimated 17 million deaths each year.
  • Ultromics will use the new funding to help accelerate the use of AI-enabled echocardiograms to help improve patient care, and bring improved diagnostic quality and resource savings to hospitals.
  • "Echocardiograms uploaded to the cloud and analyzed by artificial intelligence are set to revolutionize cardiac disease treatment pathways by helping more people understand their risk of heart disease earlier and with greater accuracy," said Dr. Ross Upton, CEO and co-founder of Ultromics.
  • Oxford Sciences Innovation, an organization that helps scientific breakthroughs become world-changing businesses, helped get Ultromics' business off the ground, and doubled down on its support of Ultromics during the Series B funding round.

Ultromics Raises $33M in Series B Funding to Help Transform Cardiac Disease Treatment

Monday, August 16, 2021 - 8:30am

OXFORD, England, Aug. 16, 2021 /PRNewswire/ -- Ultromics, a leader in AI enabled cardiovascular imaging solutions, announced today that it has raised $33 million in a Series B funding round. The round was led by the Blue Venture Fund with participation from Optum Ventures, GV, and existing investor Oxford Sciences Innovation.

Key Points: 
  • Cardiovascular disease is the leading cause of mortality in the world, with an estimated 17 million deaths each year.
  • Ultromics will use the new funding to help accelerate the use of AI-enabled echocardiograms to help improve patient care, and bring improved diagnostic quality and resource savings to hospitals.
  • "Echocardiograms uploaded to the cloud and analyzed by artificial intelligence are set to revolutionize cardiac disease treatment pathways by helping more people understand their risk of heart disease earlier and with greater accuracy," said Dr. Ross Upton, CEO and co-founder of Ultromics.
  • Oxford Sciences Innovation, an organization that helps scientific breakthroughs become world-changing businesses, helped get Ultromics' business off the ground, and doubled down on its support of Ultromics during the Series B funding round.

Branch Energy Announces $4.5 Million in Seed Funding

Wednesday, August 11, 2021 - 11:02am

Electricity production is one of the biggest sources of greenhouse gas emissions worldwide and accounts for 25% of US emissions. Transitioning the electricity grid to green energy is therefore critical to reducing the effects of climate change. Recent catastrophes like the black outs in Texas and the fires in California highlight that the current energy system is struggling to cope with climate-related change. Branch Energy is setting out to help by showing consumers that green energy can actually save them money, time and hassle -- and by providing a dramatically better customer experience than incumbent energy providers.

Key Points: 
  • Branch Energy - a tech-powered, green energy provider focused on helping consumers reduce their energy bills and carbon footprints - has raised $4.5 million in its seed round.
  • Branch Energy is setting out to help by showing consumers that green energy can actually save them money, time and hassle -- and by providing a dramatically better customer experience than incumbent energy providers.
  • Branch Energy will initially launch in the US in states with deregulated energy markets (where consumers are able to choose their energy provider).
  • In these markets, Branch Energy will offer customers 100% green energy, be their interface for billing, payment and customer service while also helping them install and finance smart energy devices.

General Fusion and Canadian Nuclear Laboratories partner to accelerate cleantech in Canada

Tuesday, July 27, 2021 - 1:00pm

VANCOUVER, British Columbia and CHALK RIVER, Ontario, July 27, 2021 (GLOBE NEWSWIRE) -- General Fusion is working with Canadian Nuclear Laboratories in a vital project to advance fusion energy technology.

Key Points: 
  • VANCOUVER, British Columbia and CHALK RIVER, Ontario, July 27, 2021 (GLOBE NEWSWIRE) -- General Fusion is working with Canadian Nuclear Laboratories in a vital project to advance fusion energy technology.
  • Through this collaboration, General Fusion and Canadian Nuclear Laboratories will develop tritium extraction techniques for use in commercial fusion power plants.
  • To produce fusion energy, General Fusion is developing a practical and economical approach to Magnetized Target Fusion (MTF) putting the company on the fastest path to commercialization.
  • Canadian Nuclear Laboratories will collaborate with General Fusion to develop various technologies to extract tritium for use in fusion power plants.

Helion Energy Achieves 100 Million Degrees Celsius Fusion Fuel Temperature and Confirms 16-Month Continuous Operation of Its Fusion Generator Prototype

Tuesday, June 22, 2021 - 1:00pm

Helion Energy (Helion), a clean electricity company committed to creating a new era of clean energy through fusion, today became the first private company to announce exceeding 100 million degrees Celsius in their 6th fusion generator prototype, Trenta.

Key Points: 
  • Helion Energy (Helion), a clean electricity company committed to creating a new era of clean energy through fusion, today became the first private company to announce exceeding 100 million degrees Celsius in their 6th fusion generator prototype, Trenta.
  • Reaching this temperature is a critical engineering milestone as it is considered the ideal fuel temperature at which a commercial power plant would need to operate.
  • View the full release here: https://www.businesswire.com/news/home/20210622005366/en/
    The Divertor of Trenta, Helion's 6th fusion generator prototype.
  • Lastly, this presentation will phenomenologically discuss the operational results of the Mark-I scientific divertor with a focus on long-term operation.

Oil Companies Under Pressure by Activists, Investing in Fusion Energy: US Nuclear and MIFTI Ready with Fusion System in 36 Months

Thursday, June 3, 2021 - 1:30pm

MIFTIs Staged Z-pinch (SZP) fusion generator is comparatively simple, cost-effective, scalable, and fueled by a low-cost isotope of hydrogen from seawater.

Key Points: 
  • MIFTIs Staged Z-pinch (SZP) fusion generator is comparatively simple, cost-effective, scalable, and fueled by a low-cost isotope of hydrogen from seawater.
  • In recent news, major oil companies, under mounting pressure to protect the climate, have been investing in nuclear fusion technology.
  • Chevron, ENI, and other major oil companies have already invested in companies developing fusion power generation.
  • Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov , or the companys website at www.usnuclearcorp.com .

New Physics Insights Enable Table-Top Hot Fusion

Tuesday, May 25, 2021 - 11:15am

BROOMFIELD, Colo., May 25, 2021 /PRNewswire/ -- Electric Fusion Systems (EFS) announced today that it has successfully demonstrated fusion reactions in a laboratory setting.

Key Points: 
  • BROOMFIELD, Colo., May 25, 2021 /PRNewswire/ -- Electric Fusion Systems (EFS) announced today that it has successfully demonstrated fusion reactions in a laboratory setting.
  • The inventors and co-founders, Ken E. Kopp and Ryan S. Wood, have found an easier and safer way to generate fusion chain reactions.
  • Their fusion reactor has been physically reduced in sizeto a small, portable, safe device, suitable for a wide range of applications, unliketraditional approaches to fusion technology.
  • "Wehave built a series ofexperiments that show fusion reactions on a laboratory table top.This is confirmed via neutron detection, gammaand optical spectroscopy that substantiate fusion reactions," saidKopp.