The reason your home is not powered by fusion energy today is that the 1976 Fusion Crash Program was never implemented since it was never funded—not even at the minimum level required. The US government spent, in 2019 dollars, $5.4 billion a year on the Manhattan Project, $22 billion a year on the Apollo Program,…
Sen. Joe Pennachio (R-26) introduced into the NJ State Senate on Aug. 26 three bills to promote fusion energy research. The first bill, the Fusion Technology Industry Promotion Act, S4074, would mandate the NJ Economic Development Authority to invest in fusion technology development companies in NJ, matching dollar for dollar private investments in the companies….
We want to replace our existing 12 switches with 24 smaller switches in order to increase the current delivered by FF-2B, and the speed of the pulse—how fast the current rises. We expect both will considerably increase fusion yield beyond the goal we have for the present set-up. But this will cost tens of…
Following the May 23 Fusion Symposium that his office organized in Trenton, NJ, State Senator Joe Pennachio (R-26) is drafting and introducing into the NJ Senate a series of bills to aid fusion research. At the symposium, LPPFusion’s Lerner gave a presentation on a Faster Route to Fusion, advocating a crash program that funds…
Contacts: Ivy Karamitsos, (646) 515-8866, ivy@lppfusion.com Eric J. Lerner, (908) 546-7654, eric@lppfusion.com LPPFusion President and Chief Scientist Eric J. Lerner will present proposals for “A Faster Route to Fusion” at the Fusion Energy Symposium, a hearing sponsored by NJ State Senator Joe Pennachio (R-26), on Thursday, May 23 at the State House Annex in…
Technical Milestones: Completed experiments with tungsten electrodes Observational confirmation of the destruction of filaments Publication of cosmology results in leading journal—Monthly Notices of the Royal Astronomical Society Non-Technical Milestones: Over $950,000 investments from Wefunder Over $300,000 gift to Focus Fusion Society for aneutronic fusion research EU patent granted Founding of Fusion Industry Association Successful LPPF…
We’ve now analyzed a survey of LPPF’s new Wefunder investors, thanks to 313 responses, a 71% rate. Thanks to all for their time! The survey showed that the money came in “by halves”—54% was from “old contacts”, who knew us before the campaign, 46% from new contacts. Half of the investment came from 94…
Long-time LPPF investors Walter Rowntree and his wife Laura Reynolds have made a generous donation of a third of a million dollars in stocks to the Focus Fusion Society, the tax-exempt non-profit devoted to aneutronic fusion research. Eighty-five percent of the donation’s value will be used for a research grant from FFS to LPPFusion to…
LPPFusion’s Wefunder equity crowdfunding roared to a successful conclusion April 30, but we are still counting the money. With a huge influx of $191,000 in the final exciting day and another $90,000 in the rest of the final week, the campaign concluded with $1,031,000 in signed contracts from 451 investors. So far, Wefunder has collected…
LPPFusion’s Wefunder equity crowdfunding drive pounds into its final week, running fast. In the past week, the second-to-last, investors put $53,000 into the campaign, lifting the total to $742,000. This was more than the $45,000 raised in the second week of the campaign. If the last week of the campaign can match the first week,…