VC Money For Fusion
Posted: Mon Feb 11, 2008 9:16 pm
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http://www.news.com/8301-11128_3-986662 ... ag=newsmap
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Another version of the story:
http://www.ecogeek.org/content/view/1364/1/
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http://www.news.com/8301-11128_3-986662 ... ag=newsmap
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He is about five years and six months in error on his first prediction. Big companies were thinking about building Bussard Fusion Reactors last May."Within five years, large companies will start to think about building fusion reactors," Wal van Lierop, CEO of Chrysalix Energy Venture Capital, said in an interview at the Clean Tech Investor Summit taking place here this week. In three to four years, scientists will demonstrate results that show that fusion has a 60 percent chance of success, he said.
Wal van Lierop
If van Lierop were some crazy guy off the street with an old stack of Omni magazines, you could dismiss him. Fusion--which extracts energy from nuclear reactions without the dangers associated with nuclear fission--has been studied for decades, but has yet to go commercial. Van Lierop, however, isn't a random individual. He is one of the earliest and more active investors in clean tech: Chrysalix started investing in clean energy in 2001. The firm's limited partners include BASF, Shell, and Rabobank.
Chrysalix's optimism is pinned on an angel investment the company made in General Fusion, a Canadian company that says it has found a way to hurdle many of the technical problems surrounding fusion. The company's ultimate plan is to build small fusion reactors that can produce around 100 megawatts of power. The plants would cost around $50 million. That could allow the company to generate electricity at about 4 cents per kilowatt hour, making it competitive with conventional electricity.
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Another version of the story:
http://www.ecogeek.org/content/view/1364/1/
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