Friday, March 12, 2010

Venture Capital Likes Fusion

If you read my post Investing In Polywell you would know that venture capital seems interested in funding fusion start-ups. We now have more confirmation in this Finance Business article.

A prominent venture capitalist, Wal van Lierop, of Chrysalix Energy Venture Capital, has begun to invest in companies (such as General Fusion) who are providing patents and technologies for economical fusion power. in a recent interview at the Clean Tech Investor Summit (which we're very sad we're not attending), van Lierop said that he expects large energy companies to start thinking about building fusion plants within the next five years.

As we've noted before here at EcoGeek, the best way to track down that technologies are going to (very shortly) change the world is to watch what the venture capitalists are doing. these are people who basically make ridiculous sums of cash by predicting the future...and investing in it. and since they've got so much riding on their bets, they like to do a lot of research.

Often this is research that people like me (because I don't have billions of dollars to invest) can't do. So I follow the VCs, and pay attention to what they're saying.

And what van Lierop is saying seems almost crazy, on the surface. But dig a little deeper, and things start looking exciting. despite sounding like a comic book hero, General Fusion's technology is very realistic. in a world where we're all used to hearing that "Fusion power has been twenty years away for twenty years" hearing that it's five years away is pretty remarkable.
Yes. It does seem remarkable. Except if you have been reading articles of mine like: We Will Know In Two Years or less. Or one of my more recent ones like: Advanced and Delayed.

Let me also say that I have been approached several times over the last few years to personally develop a project that would reach the fusion goal faster than any government project. One of these days I will connect either with my own project or as an assistant to some one else's project.

Cross Posted at Classical Values

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