Earlier quoted context omitted.
They'd likely have some IP that could be of value to creditors.
What’s an IP in this context please ?
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Helion’s fusion power purchase agreement with Microsoft
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Re: Helion’s fusion power purchase agreement with Microsoft
#32Re: Helion’s fusion power purchase agreement with Microsoft
#33Re: Helion’s fusion power purchase agreement with Microsoft
#34Earlier quoted context omitted.
They'd likely have some IP that could be of value to creditors.
What’s an IP in this context please ?
It's like taking an idea hostage. If you fail to pull it off, you make sure that nobody else has the chance to try it without first paying you for that privilege. It's supposed to help somehow.
Re: Helion’s fusion power purchase agreement with Microsoft
#35From [0] ‘ This is a binding agreement that has financial penalties if we can’t build a fusion system,” Helion founder and CEO David Kirtley tells The Verge. “We’ve committed to be able to build a system and sell it commercially to [Microsoft].” Assuming the financial penalties are a significant fraction (i.e they are, say, greater than 5%) of the agreement value, I would interpret it as a more serious / confident co…
If they can't build a fusion system, aren't they sort of bust anyway?
Maybe they will just fissile out...
Re: Helion’s fusion power purchase agreement with Microsoft
#36Re: Helion’s fusion power purchase agreement with Microsoft
#37So, assuming this pans out, would this require Helion to deliver the power to Microsoft off grid? I guess my question is 'what regulatory oversight is typically required in these sorts of situations?'
I believe agreements like this typically have the power go to the grid. The electricity they consume still comes from the grid wherever their needs are, and the electricity being produced by Helion would go to wherever the grid needs it. They would be paying extra for the production of the energy, and then count it as offsetting their consumption.
I am not totally fond of how that seems to work out, as they are offsetting production elsewhere, and the grid there could already be cleaner than where they are consuming. But perhaps somewhere along the way things like that are accounted for?
Re: Helion’s fusion power purchase agreement with Microsoft
#38Earlier quoted context omitted.
They'd likely have some IP that could be of value to creditors.
They definitely have valuable IP already: whatever slide deck/demo reel/kompromat they used to pull this nonsense off is clearly worth its weight in unobtanium.
this is needlessly cynical, no?
Re: Helion’s fusion power purchase agreement with Microsoft
#39Earlier quoted context omitted.
Because it doesn't cost MS a bean until Helion have something working, but to Helion it means they can raise money for the actual construction of the first-production machine with the investors knowing someone will pay them for it if it works.
Electricity is a commodity. How could they possibly have a working product that they can’t sell? Just hook it up to the grid and there you go.
Nuclear fission works right now but is frequently too expensive per megawatt-hour to build.
There's no real reason fusion couldn't end up the same way.
Re: Helion’s fusion power purchase agreement with Microsoft
#40Sounds like Altman used his personal relationship with Microsoft CEO to do this meaningless PR stunt, so he can more easily pursaude stupid money to actually invest in this.