EIN Presswire
NearStar Fusion Inc. Discloses Development Effort for a Promising New Type of Fusion Energy
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* M.R. Lapointe et al., “Gradient Field Imploding Liner Fusion Propulsion System,” NASA Innovative Advanced Concepts Phase I Final Report, NASA/TP-2018-219996. https://ntrs.nasa.gov/api/citations/20180006825/downloads/20180006825.pdf?attachment=true
Overview
NearStar Fusion is developing a new, pulsed approach to fusion energy with the goal of powering the globe with clean, compact resilient energy.
THE PROBLEM
Fusion energy has long been promised as the ultimate, unlimited clean energy technology for the planet. However, reliably forming and controlling plasma to drive a successful fusion reaction is difficult and expensive. Plasma is the critical component of a fusion power plant, but a burning fusion plasma is extremely difficult to produce, maintain, and safely control in a steady state. It is a complex startup process that also requires high parasitic power requirements.
*The image above is an example of prototype experimental plasma hardware we have previously developed for other fusion R&D projects. The HGFF fusion power plant concept is currently under development.
THE SOLUTION
NearStar Fusion is developing a power plant design with the goal of producing plasma consistently by leveraging successful plasma research using commercial technologies and a simplified design.
Hypervelocity Gradient Field Fusion (HGFF) is driven by a proprietary hypervelocity fusion fuel launcher to increase power plant reliability and overall efficiency. HGFF is a pulsed fusion energy approach which does not require complex plasma containment and control equipment.
* The image above is an example of prototype experimental plasma hardware we have previously developed for other fusion R&D projects. The HGFF fusion power plant concept is currently under development.
First generation NearStar Fusion power plants will initially be fueled by deuterium-tritium (DT) fuel, the easiest fusion fuel to burn. Deuterium is readily obtained from seawater, while tritium can be produced as a byproduct of fusion power plant operations. The modularity of the power plant design will enable scaling and low-cost next generation performance upgrades. These upgrades are intended to allow use of advanced fusion fuels which would dramatically reduce the operational and maintenance costs of HGFF power plants.
THE MARKET
The global market for electricity is a whopping $2.6 trillion (Source). The rapid penetration of electric vehicles is expected to push that number even higher. (Source)
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While there are other companies dedicated to achieving practical fusion energy, many approaches require the development of advanced materials and new technologies, which present significant technical challenges. With our simple and robust HGFF power plant concept, we believe we will be able to avoid many of the technical challenges faced by our competition.
* The image above is an example of prototype experimental plasma hardware we have previously developed for other fusion R&D projects. The HGFF fusion power plant concept is currently under development.
OUR TRACTION
NearStar Fusion Inc. is a new, separate company spun out of HyperJet Fusion Corporation with the same team members. Since 2004 starting with the company HyperV Technologies Corp. our team has received over $18 million in non-dilutive funding from the U.S. Department of Energy, NASA and the Advanced Research Projects Agency for Energy (ARPA-E).
*Note: To date our institutional research teammates have included Los Alamos National Laboratory, University of Alabama at Huntsville, University of New Mexico, University of Maryland and University of California Davis.
Funding from the U.S. Department of Energy, ARPA-E and NASA has supported the development of advanced plasma guns for use in fusion energy research and development, computational modeling, plasma diagnostics and plasma production of precision metal powders.
NearStar Fusion Inc. is a member of the Fusion Industry Association.
*Images used in these videos are in the prototype stage. The fusion power plant concept is currently under development and not yet available.
*The information included above is forward looking information and is dependent on future funding availability and early success in achieving technical milestones. Please refer to our risk factors section in our Form C and to our Forward Looking Information Legend included in our Terms section on this page.
WHY INVEST
Fusion energy startups have drawn investment dollars from billionaires like Jeff Bezos, Bill Gates and Peter Thiel, raising over $2.5 billion in 2021. (Source, Source) NearStar has assembled a highly-skilled team with a track record of success and decades of experience in design, rapid prototyping and experimentation.
A clean alternative to fossil fuels is critical for the expansion of an energy rich flourishing civilization. Fusion energy can play an important role in solving our many pollution problems.
*This is a computer generated image. The fusion power plant concept is currently under development.
TEAM SECTION
NearStar Fusion Inc. Discloses Development Effort for a Promising New Type of Fusion Energy
Dr. Doug Witherspoon is interviewed by Bret Kugelmass the host of Titans of Nuclear.
Mr. Chris Faranetta is interviewed by Daniel Penaranda host of The Final Frontier Podcast.
Company | : | NearStar Fusion Inc. |
Corporate Address | : | 13935 Willard Road , Chantilly , VA 20151 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $300.00 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 1,000 |
Maximum Number of Shares Offered | : | 107,000 |
Price per Share | : | $10.00 |
Pre-Money Valuation | : | $11,000,000.00 |
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The 10% StartEngine Owners' Bonus
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Hello,
I will be attending the 2022 Advanced Research Projects Agency for Energy (ARPA-E) Summit: https://www.arpae-summit.com this May 23-25 in Denver, Colorado. If you are attending the event please feel free to stop by booth # 1135 and I'll be more than happy to answer any of your questions.
Sincerely, Chris Faranetta Vice President & Co-Founder NearStar Fusion Inc.
May 13th, 2022 – To all our investors, thank you for investing in NearStar Fusion!
If you haven’t invested and are on the fence… here is one of many examples of our technical team’s expertise. This is a recent photo of the Plasma Liner Experiment located at Los Alamos National Laboratory (LANL) which is arrayed with 36 plasma guns (boxes mounted on the sphere) that our experts conceived, developed and manufactured. Photo credit: LANL
The amount of hydrogen in a glass of water could provide enough fusion fuel to meet the energy needs of one person's entire life. Reference in video: https://www.ft.com/content/df82003b-d831-4147-865b-5c4d636d2b9d
Investors and Followers,
Thank you all for your investment and support! We have over $90,000 in committed investments and growing fast.
At NearStar, we think fusion energy is the most important cleantech for making the planet better. We aren’t the only ones who are bullish on fusion energy--Bill Gates, Jeff Bezos and Sir Richard Branson have also invested in fusion energy.
Not an investor yet? Now is the time to invest in cleantech that can make the world better. Invest with the smart money. DON’T MISS OUT! Invest in NearStar Fusion today!
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the NearStar Fusion offering. Here's an excerpt describing the specifics of the change:
Material Change- Extension
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Why we think NearStar Fusion can be a pathway to clean, reliable and economical fusion energy:
Not only could NearStar Fusion be a key player in solving the clean energy problem here on Earth. It could also give us the keys to the solar system. Imagine having the power to safely fly nine person crews on missions to the outer solar system. Amazingly, this is also within the realm of possibilities with our technology. Check out the animation link below of a notional spacecraft using our approach to fusion for propulsion.
Unlike most other fusion power plant concepts which can't evolve their performance. We have the potential to amp up our power plant performance to burn a range of advanced fusion fuels. First we'll start with the easiest fusion fuel deuterium-tritium and then progress to fuels which should be much cheaper to use and then work to amp it up all the way to eleven, Proton-Boron-11 that is!
What can we say eleven really rocks, check out this video on eleven! (Note: Proton-Boron-11 is also found in rocks)
https://www.youtube.com/watch?v=uMSV4OteqBE
Well here is some help. Published by the fusion energy nonprofit "Energy for the Common Good" https://energycommongood.org This easy to understand brochure is designed to help people better understand the range of terms used in the energy industry. Take a look at the link below.
"The energy sector is complex. Numbers and percentages of energy output are published using a variety of accounting methods. Without a guide, it can feel overwhelming."
https://energycommongood.org/wp-content/uploads/2021/10/FINAL-ECG-Energy-101-Sep-21.pdf
"The amount of fusion fuel that could fill a bathtub holds as much energy as all the petroleum Russia produces each day – about 10 million barrels."
https://www.whitehouse.gov/ostp/news-updates/2022/03/31/the-next-energy-revolution-begins-now-2/
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