30 Jul '11, 9pm

Pittman: potential for aneutronic fusion to open up spaceflight; some work on this by secretive Tri Alpha #newspace2011

Pittman: potential for aneutronic fusion to open up spaceflight; some work on this by secretive Tri Alpha #newspace2011

Advanced plasma fusion startup Tri Alpha Energy recently received at least $50 million more in venture funding, according to a PwC/NVCA Moneytree VC report. Other trusted VC sources place the round in the $80 million range. Previous investors in the firm include Goldman Sachs, Venrock, Vulcan Capital and New Enterprise Associates. That takes the total VC funding anywhere from $90 million to $120 million -- a lot of cash, but just a token down payment in the fusion or nuclear power world. But don't look for the firm to be featured on any of the investor's websites -- this is a stealth startup. Investors at Venrock have not responded to my inquiries and have made it quite clear in the past that they are not going to be discussing this fusion firm. Tri Alpha published a paper earlier this year with the catchy title "Dynamic Formation of a Hot Field Reversed Configuration with...

Full article: http://www.greentechmedia.com/articles/read/new-nuclear-r...

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