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More invested in nuclear fusion in last 12 months than past decade

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41–50 of 686 posts

Re: More invested in nuclear fusion in last 12 months than past decade

#41
> There was also a breakthrough in late 2021, when researchers at the Joint European Torus (JET) facility in Oxford managed to release a record-breaking 59 megajoules of fusion

59 megajoules in useful units is 16kWh, less than 2 days use of my house. That's the biggest fusion reaction ever.

Re: More invested in nuclear fusion in last 12 months than past decade

#42

One novel approach to clean energy deployment would be to spend some of this money to deploy enough solar, wind and batteries to provide the enormous amounts of energy needed for all these sub-breakeven fusion experiments. Then, whether we get a viable fusion reactor or not, we all win.

Maybe we should fraud these people trying to invest in a better solution with worse ones!

Re: More invested in nuclear fusion in last 12 months than past decade

#43

This is great news. That said, what the literal fuck -- we've previously been investing 1/850,000th of global GDP in one of 4-5 truly promising energy technologies while the world burns before our eyes?

Fusion isn't a silver bullet even if it works. If it costs more than solar+battery then it's worthless.

Not at all.

There will always be places where solar+battery isn't viable. Northern Canada and Alaska come to mind.

Re: More invested in nuclear fusion in last 12 months than past decade

#44
post #14

I wonder how this compares to the amount of money invested in crypto startups in the past few years. (I don't mean the value of crypto or the amount of money that was traded into it -- just the amount VCs invested into crypto startups.) I don't know if that means people that allocate capital think crypto has a better chance of changing the world than nuclear fusion -- or if it's something else. But it is strange to c…

The total of crypto VC investments for 2021 was reported at $33B.

Re: More invested in nuclear fusion in last 12 months than past decade

#45

This is great news. That said, what the literal fuck -- we've previously been investing 1/850,000th of global GDP in one of 4-5 truly promising energy technologies while the world burns before our eyes?

Fusion isn't a silver bullet even if it works. If it costs more than solar+battery then it's worthless.

its not worthless either way. plenty of places that dont get large amounts of solar radiation during some seasons where fusion could be useful

Re: More invested in nuclear fusion in last 12 months than past decade

#46
post #14

I wonder how this compares to the amount of money invested in crypto startups in the past few years. (I don't mean the value of crypto or the amount of money that was traded into it -- just the amount VCs invested into crypto startups.) I don't know if that means people that allocate capital think crypto has a better chance of changing the world than nuclear fusion -- or if it's something else. But it is strange to c…

There are probably a lot more founders with crypto ideas than founders with fusion ideas.

That would be an argument for having more investment into fusion.

Re: More invested in nuclear fusion in last 12 months than past decade

#47

This is great news. That said, what the literal fuck -- we've previously been investing 1/850,000th of global GDP in one of 4-5 truly promising energy technologies while the world burns before our eyes?

the profits in 1 year from silicon valley can solve world hunger by buying every single man woman child 3 meals a day, every day.

700 million people live in poverty

3 meals per day, 5$ per meal for 365 days is 3,832,500,000,000$

Re: More invested in nuclear fusion in last 12 months than past decade

#48

This is great news. That said, what the literal fuck -- we've previously been investing 1/850,000th of global GDP in one of 4-5 truly promising energy technologies while the world burns before our eyes?

the profits in 1 year from silicon valley can solve world hunger by buying every single man woman child 3 meals a day, every day.

Still doesn’t stop the world burning, though

Re: More invested in nuclear fusion in last 12 months than past decade

#49

Earlier quoted context omitted.

There are probably a lot more founders with crypto ideas than founders with fusion ideas.

That would be an argument for having more investment into fusion.

Why? If you get 25 crypto startups for every fusion startups, you're necessarily going to see more funding in the crypto sector.

Re: More invested in nuclear fusion in last 12 months than past decade

#50

Earlier quoted context omitted.

the profits in 1 year from silicon valley can solve world hunger by buying every single man woman child 3 meals a day, every day.

700 million people live in poverty 3 meals per day, 5$ per meal for 365 days is 3,832,500,000,000$

If meals cost 5$ all over the planet then there would be mass starvation
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