Norman Milestone Press Release FINAL DRAFT
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TAE Technologies G Round Introduction July 2019
TAE Technologies G Round Introduction July 2019 PRIVILEGED AND CONFIDENTIAL 1 Contents TAE Technologies Overview 3 TAE Fusion 10 TAE Life Sciences 13 Disclaimer 17 Contact Information 18 PRIVILEGED AND CONFIDENTIAL 2 TAE Technologies Overview PRIVILEGED AND CONFIDENTIAL 3 “I would like to see the development of fusion power to give an unlimited supply of clean energy and a switch to electric cars.” Stephen Hawking watch video online PRIVILEGEDPRIVILEGED AND AND CONFIDENTIAL CONFIDENTIAL4 4 Vast fusion-incubated IP portfolio primed for commercialization Enables disruptive high-growth businesses Game-changing targeted radiation cancer therapy Revolutionary electric drivetrain platform for road, rail, air and sea Advanced particle accelerators for fusion, POWER GENERATION POWER DISTRIBUTION medicine and more • Fusion R&D • Microgrids • Confinement licensing • Energy storage/buffering • Plasma control • Power switching • Consulting services • Power factor correction PRIVILEGEDPRIVILEGED AND CONFIDENTIAL 5 Investment Opportunity Synopsis TAE is commercializing its intellectual property portfolio • Inflection point in TAE’s evolution • After over 1,100 patents filed and 20 years of R&D – starting to commercialize our technologies and realize accelerated revenues • Multiple tiered opportunities that drive significant value creation around • Fusion power generation technology ($7 trillion cumulative market out to 2040) • Targeted radiation oncology ($30+ billion/yr market for head & neck tumors w/ 6% CAGR) • Mobility technology (e.g. $20+ billion/yr EV drivetrain market w/ 19% CAGR) • Power management technologies (e.g. $10+ billion/yr data center power market w/ 7% CAGR) PRIVILEGED AND CONFIDENTIAL 6 Board, management and investors well-matched to opportunity Drawing on leadership from industry, technology and finance Strong and engaged board including: • Former U.S. -
First Simulations of Turbulent Transport in the Field-Reversed Configuration C
Lau DOI:10.1088/1741-4326/ab1578 EX/P6-37 First Simulations of Turbulent Transport in the Field-Reversed Configuration C. K. Lau1, D. P. Fulton1, J. Bao2, Z. Lin2, T. Tajima1,2, and L. Schmitz1,3 The TAE Team 1TAE Technologies, Inc., Foothill Ranch, CA 92688, USA 2University of California Irvine, CA 92697, USA 3University of California Los Angeles, CA 90095, USA Corresponding Author: C. K. Lau, [email protected] Experimental progress by TAE Technologies has led to successful suppression of MHD insta- bilities in field-reversed configuration (FRC) plasmas using C-2U and C-2W devices. Resultant particle and energy confinement times are on the order of several milliseconds, governed by mi- croturbulence driven transport processes. Understanding these mechanisms is essential towards improved confinement and a viable FRC fusion reactor. Experimental measurements of low frequency density fluctuations in C-2 have shown that fluctuations of the FRC core and SOL exhibit distinct qualities. In the SOL, fluctuations are highest in amplitude at ion-scale lengths and exponentially decrease towards electron-scale lengths. In the core, fluctuations are overall lower in amplitude with a dip in the ion-scale lengths and a slight peak in electron-scale lengths. Using the Gyrokinetic Toroidal Code (GTC), local linear simulations of drift-wave instabilities have found qualitatively similar trends. The SOL is linearly unstable for a wide range of length scales and pressure gradients. On the other hand, the core is shown to be robustly stable due to the stabilizing FRC traits of short field-line connection lengths, radially increasing magnetic field strength, and the large finite Larmor radius (FLR) of ions. -
2005 Annual Report American Physical Society
1 2005 Annual Report American Physical Society APS 20052 APS OFFICERS 2006 APS OFFICERS PRESIDENT: PRESIDENT: Marvin L. Cohen John J. Hopfield University of California, Berkeley Princeton University PRESIDENT ELECT: PRESIDENT ELECT: John N. Bahcall Leo P. Kadanoff Institue for Advanced Study, Princeton University of Chicago VICE PRESIDENT: VICE PRESIDENT: John J. Hopfield Arthur Bienenstock Princeton University Stanford University PAST PRESIDENT: PAST PRESIDENT: Helen R. Quinn Marvin L. Cohen Stanford University, (SLAC) University of California, Berkeley EXECUTIVE OFFICER: EXECUTIVE OFFICER: Judy R. Franz Judy R. Franz University of Alabama, Huntsville University of Alabama, Huntsville TREASURER: TREASURER: Thomas McIlrath Thomas McIlrath University of Maryland (Emeritus) University of Maryland (Emeritus) EDITOR-IN-CHIEF: EDITOR-IN-CHIEF: Martin Blume Martin Blume Brookhaven National Laboratory (Emeritus) Brookhaven National Laboratory (Emeritus) PHOTO CREDITS: Cover (l-r): 1Diffraction patterns of a GaN quantum dot particle—UCLA; Spring-8/Riken, Japan; Stanford Synchrotron Radiation Lab, SLAC & UC Davis, Phys. Rev. Lett. 95 085503 (2005) 2TESLA 9-cell 1.3 GHz SRF cavities from ACCEL Corp. in Germany for ILC. (Courtesy Fermilab Visual Media Service 3G0 detector studying strange quarks in the proton—Jefferson Lab 4Sections of a resistive magnet (Florida-Bitter magnet) from NHMFL at Talahassee LETTER FROM THE PRESIDENT APS IN 2005 3 2005 was a very special year for the physics community and the American Physical Society. Declared the World Year of Physics by the United Nations, the year provided a unique opportunity for the international physics community to reach out to the general public while celebrating the centennial of Einstein’s “miraculous year.” The year started with an international Launching Conference in Paris, France that brought together more than 500 students from around the world to interact with leading physicists. -
Chair's Letter
American Nuclear Society Fusion Energy Division January 2019 Newsletter Letter from the Chair Lumsdaine News from Fusion Science and Technology Journal Winfrey Fusion Award Recipients • American Physical Society • DOE Early Career Awards • IEEE Nuclear and Plasma Sciences Society Duckworth • Fusion Power Associates • 2018 Chinese Government Friendship Award Call for Nominations: ANS-FED Awards Duckworth Ongoing Fusion Research & Development: TAE Technologies – Private Fusion Venture Ales Necas U.S. Launch Major Fusion Planning Effort Duckworth Calendar of Upcoming Conferences on Fusion Technology Duckworth Letter from FED Chair, Arnold Lumsdaine, Oak Ridge National Laboratory, Oak Ridge, TN The TOFE meeting has come and gone for the 23rd time – each one that I have attended has its own character, and the 2018 TOFE was no exception, not only because of the pleasant November weather in Orlando, FL. TOFE is the ANS Fusion Energy Division’s topical meeting on the Technology of Fusion Energy, and it meets every two years, alternating between being “stand alone” and being embedded in the larger, biannual ANS meeting. This year’s TOFE was embedded with the 2018 Winter ANS Meeting, which allowed us the opportunity to rub shoulders with the larger nuclear society and discuss issues that overlap between different parts of the society. For this meeting, a concerted effort led to new topics for sessions that we hadn’t tried before: • Privately funded fusion ventures (organized by Ales Necas of TAE Technologies); • Licensing and safety for advanced -
TAE Milestone Press Release
Fusion Energy Milestone from TAE Technologies Validates Path to Cost-Competitive Carbon-Free Baseload Energy Company Raises Additional $280M for Reactor-Scale Demonstration Facility “Norman” Platform Outperforms Goals; Generates Stable High-Temperature Plasmas Additional Funds Will Support Final Step Toward Commercialization Foothill Ranch, CA -- April 8, 2021 -- TAE Technologies, the world’s largest private fusion energy company, has announced a landmark fusion technology milestone by producing stable plasma at 50M+ degrees Celsius in a proprietary compact reactor design that can scale to competitive fusion-generated power. This milestone furthers confidence in TAE’s path to commercialization, and has aided the company in raising $280M in additional funding. When combined with prior rounds, TAE has now raised over $880M from some of the world’s most sophisticated investors. The latest financing is the direct result of TAE achieving its most recent scientific milestone on the path to delivering carbon-free baseload energy from the Hydrogen-Boron (aka H-B11 or p-B11) fuel cycle, the most abundant and environmentally friendly fuel source on Earth, capable of sustaining the planet for millennia. This success crucially confirms a key differentiator of TAE’s patented technology: a positive relationship between plasma confinement and reactor temperature, meaning that the company’s compact linear configuration improves plasma confinement as temperatures rise. By generating such stable high temperature plasmas, TAE has now validated that the company’s unique approach can scale to the conditions necessary for an economically viable commercial fusion power plant by the end of the decade. A portion of the capital will be used to initiate development of a demonstration facility called “Copernicus” that will operate well in excess of 100 million degrees Celsius to simulate net energy production from the conventional Deuterium-Tritium (D-T) fuel cycle. -
Small-Scale Fusion Tackles Energy, Space Applications
NEWS FEATURE NEWS FEATURE Small-scalefusiontacklesenergy,spaceapplications Efforts are underway to exploit a strategy that could generate fusion with relative ease. M. Mitchell Waldrop, Science Writer On July 14, 2015, nine years and five billion kilometers Cohen explains, referring to the ionized plasma inside after liftoff, NASA’s New Horizons spacecraft passed the tube that’s emitting the flashes. So there are no the dwarf planet Pluto and its outsized moon Charon actual fusion reactions taking place; that’s not in his at almost 14 kilometers per second—roughly 20 times research plan until the mid-2020s, when he hopes to faster than a rifle bullet. be working with a more advanced prototype at least The images and data that New Horizons pains- three times larger than this one. takingly radioed back to Earth in the weeks that If that hope pans out and his future machine does followed revealed a pair of worlds that were far more indeed produce more greenhouse gas–free fusion en- varied and geologically active than anyone had ergy than it consumes, Cohen and his team will have thought possible. The revelations were breathtak- beaten the standard timetable for fusion by about a ing—and yet tinged with melancholy, because New decade—using a reactor that’s just a tiny fraction of Horizons was almost certain to be both the first and the size and cost of the huge, donut-shaped “tokamak” the last spacecraft to visit this fascinating world in devices that have long devoured most of the research our lifetimes. funding in this field. -
On TAE's Path to Fusion
On TAE’s Path to Fusion A Private-Sector Perspective Michl Binderbauer | President & CTO | TAE Technologies Committee on aCOMMITTE Strategic ON Plan A STRATEGIC for US Burning PLAN FOR Plasma U.S. BURNING Research, PLASMA General RESEARCH Atomic, | FEBRUARY Feb 26-28, 2018 2018 1 Agenda • Concept, Motivation and History • Key Past Program Accomplishments • Current Status and Next Steps • Overall Perspective Forward – Public-Private Partnership COMMITTE ON A STRATEGIC PLAN FOR U.S. BURNING PLASMA RESEARCH | FEBRUARY 2018 2 TAE Concept Advanced beam driven FRC • High plasma β~1 • compact and high power density • aneutronic fuel capability • indigenous kinetic particles • Tangential high-energy beam injection • large orbit ion population decouples from micro-turbulence • improved stability and transport • Simple geometry • only diagmagnetic currents • easier design and maintenance • Linear unrestricted divertor • facilitates impurity, ash and power removal COMMITTE ON A STRATEGIC PLAN FOR U.S. BURNING PLASMA RESEARCH | FEBRUARY 2018 3 Goals, Issues and Initiatives for FRC Research FESAC TAP report (2008) & ReNeW (2009) Long-range mission • Develop compact (high-β) reactor without toroidal field coils or a central solenoid ITER era goal • Achieve stable, long-pulse keV plasmas with favorable confinement scaling Key issues • Is global stability possible at large s (a/ρi ≥ 30) with low collisionality? • What governs energy transport and can it be reduced at high temperature? • Is energy-efficient sustainment possible at large-s and with good confinement? • Theory and simulation challenges (high-β, kinetic effects, transport) Suggested possible initiatives • Build larger facility with rotating magnetic fields or neutral beam injection (NBI) • Develop comprehensive diagnostics suite (profiles, fluctuations, …) COMMITTE ON A STRATEGIC PLAN FOR U.S. -
Fusion Public Meeting Slides-03302021-FINAL
TitleDeveloping Lorem a Regulatory Ipsum Framework for Fusion Energy Systems March 30, 2021 Agenda Time Topic Speaker(s) 12:30-12:40pm Introduction/Opening Remarks NRC Discussion on NAS Report “Key Goals and Innovations Needed for a U.S. Fusion Jennifer Uhle (NEI) 12:40-1:10pm Pilot Plant” Rich Hawryluk (PPPL) Social License and Ethical Review of Fusion: Methods to Achieve Social Seth Hoedl (PRF) 1:10-1:40pm Acceptance Developers Perspectives on Potential Hazards, Consequences, and Regulatory Frameworks for Commercial Deployment: • Fusion Industry Association - Industry Remarks Andrew Holland (FIA) 1:40-2:40pm • TAE – Regulatory Insights Michl Binderbauer (TAE) • Commonwealth Fusion Systems – Fusion Technology and Radiological Bob Mumgaard (CFS) Hazards 2:40-2:50pm Break 2:50-3:10pm Licensing and Regulating Byproduct Materials by the NRC and Agreement States NRC Discussions of Possible Frameworks for Licensing/Regulating Commercial Fusion • NRC Perspectives – Byproduct Approach NRC/OAS 3:10-4:10pm • NRC Perspectives – Hybrid Approach NRC • Industry Perspectives - Hybrid Approach Sachin Desai (Hogan Lovells) 4:10-4:30pm Next Steps/Questions All Public Meeting Format The Commission recently revised its policy statement on how the agency conducts public meetings (ADAMS No.: ML21050A046). NRC Public Website - Fusion https://www.nrc.gov/reactors/new-reactors/advanced/fusion-energy.html NAS Report “Key Goals and Innovations Needed for a U.S. Fusion Pilot Plant” Bringing Fusion to the U.S. Grid R. J. Hawryluk J. Uhle D. Roop D. Whyte March 30, 2021 Committee Composition Richard J. Brenda L. Garcia-Diaz Gerald L. Kathryn A. Per F. Peterson (NAE) Jeffrey P. Hawryluk (Chair) Savannah River National Kulcinski (NAE) McCarthy (NAE) University of California, Quintenz Princeton Plasma Laboratory University of Oak Ridge National Berkeley/ Kairos Power TechSource, Inc. -
On TAE's Path to Fusion
On TAE’s Path to Fusion A Private-Sector Perspective Michl Binderbauer | President & CTO | TAE Technologies Committee on aCOMMITTE Strategic ON Plan A STRATEGIC for US Burning PLAN FOR Plasma U.S. BURNING Research, PLASMA General RESEARCH Atomic, | FEBRUARY Feb 26-28, 2018 2018 1 Agenda • Concept, Motivation and History • Key Past Program Accomplishments • Current Status and Next Steps • Overall Perspective Forward – Public-Private Partnership COMMITTE ON A STRATEGIC PLAN FOR U.S. BURNING PLASMA RESEARCH | FEBRUARY 2018 2 TAE Concept Advanced beam driven FRC • High plasma β~1 • compact and high power density • aneutronic fuel capability • indigenous kinetic particles • Tangential high-energy beam injection • large orbit ion population decouples from micro-turbulence • improved stability and transport • Simple geometry • only diagmagnetic currents • easier design and maintenance • Linear unrestricted divertor • facilitates impurity, ash and power removal COMMITTE ON A STRATEGIC PLAN FOR U.S. BURNING PLASMA RESEARCH | FEBRUARY 2018 3 Goals, Issues and Initiatives for FRC Research FESAC TAP report (2008) & ReNeW (2009) Long-range mission • Develop compact (high-β) reactor without toroidal field coils or a central solenoid ITER era goal • Achieve stable, long-pulse keV plasmas with favorable confinement scaling Key issues • Is global stability possible at large s (a/ρi ≥ 30) with low collisionality? • What governs energy transport and can it be reduced at high temperature? • Is energy-efficient sustainment possible at large-s and with good confinement? • Theory and simulation challenges (high-β, kinetic effects, transport) Suggested possible initiatives • Build larger facility with rotating magnetic fields or neutral beam injection (NBI) • Develop comprehensive diagnostics suite (profiles, fluctuations, …) COMMITTE ON A STRATEGIC PLAN FOR U.S. -
Frontiers in Plasma Physics Research: a Fifty-Year Perspective from 1958 to 2008-Ronald C
• At the Forefront of Plasma Physics Publishing for 50 Years - with the launch of Physics of Fluids in 1958, AlP has been publishing ar In« the finest research in plasma physics. By the early 1980s it had St t 5 become apparent that with the total number of plasma physics related articles published in the journal- afigure then approaching 5,000 - asecond editor would be needed to oversee contributions in this field. And indeed in 1982 Fred L. Ribe and Andreas Acrivos were tapped to replace the retiring Fran~ois Frenkiel, Physics of Fluids' founding editor. Dr. Ribe assumed the role of editor for the plasma physics component of the journal and Dr. Acrivos took on the fluid Editor Ronald C. Davidson dynamics papers. This was the beginning of an evolution that would see Physics of Fluids Resident Associate Editor split into Physics of Fluids A and B in 1989, and culminate in the launch of Physics of Stewart J. Zweben Plasmas in 1994. Assistant Editor Sandra L. Schmidt Today, Physics of Plasmas continues to deliver forefront research of the very Assistant to the Editor highest quality, with a breadth of coverage no other international journal can match. Pick Laura F. Wright up any issue and you'll discover authoritative coverage in areas including solar flares, thin Board of Associate Editors, 2008 film growth, magnetically and inertially confined plasmas, and so many more. Roderick W. Boswell, Australian National University Now, to commemorate the publication of some of the most authoritative and Jack W. Connor, Culham Laboratory Michael P. Desjarlais, Sandia National groundbreaking papers in plasma physics over the past 50 years, AlP has put together Laboratory this booklet listing many of these noteworthy articles. -
The Regulation of Fusion – a Practical and Innovation-Friendly Approach
The Regulation of Fusion – A Practical and Innovation-Friendly Approach February 2020 Amy C. Roma and Sachin S. Desai AUTHORS Amy C. Roma Sachin S. Desai Partner, Washington, D.C. Senior Associate, Washington, D.C. T +1 202 637 6831 T +1 202 637 3671 [email protected] [email protected] The authors want to sincerely thank the many stakeholders who provided feedback on this paper, and especially William Regan for his invaluable contributions and review of the technical discussion. TABLE OF CONTENTS I. EXECUTIVE SUMMARY 1 II. THE STATE OF FUSION INNOVATION 3 A) An Introduction to Fusion Energy 3 B) A Rapid Growth in Private-Sector Fusion Innovation 4 III. U.S. REGULATION OF ATOMIC ENERGY - NOT ONE SIZE FITS ALL 7 A) The Foundation of U.S. Nuclear Regulation - The Atomic Energy Act and the NRC 7 B) The Atomic Energy Act Embraces Different Regulations for Different Situations 7 1. NRC Frameworks for Different Safety Cases 8 2. Delegation of Regulatory Authority to States 9 IV. THE REGULATION OF FUSION - A PRACTICAL AND INNOVATION- FRIENDLY APPROACH 10 A) Fusion Regulation Comes to the Fore, Raising Key Questions 10 B) A Regulatory Proposal That Recognizes the Safety Case of Fusion and the Needs of Fusion Innovators 11 1. Near-Term: Regulation of Fusion Under the Part 30 Framework is Appropriate Through Development and Demonstration 11 2. Long-Term: The NRC Should Develop an Independent Regulatory Framework for Fusion at Commercial Scale, Not Adopt a Fission Framework 12 V. CONCLUSION 14 1 Hogan Lovells I. EXECUTIVE SUMMARY Fusion, the process that powers the Sun, has long been seen Most fusion technologies are already regulated by the NRC as the “holy grail” of energy production. -
Voodoo Fusion__Vixra
VOODOO FUSION ENERGY by Daniel L. Jassby New Jersey, USA [email protected] Abstract During the last 15 years a host of fusion energy “startups” have declared that their systems will put net electrical power on the grid or serve as a portable electric power generator within a decade. But only 10% of these myriad ventures have given evidence of any fusion-neutron production whatever. This paper defines “voodoo fusion energy” as those plasma systems that have never produced any fusion neutrons, but whose promoters make the claim of near-term electric power generation. With representations analogous to those of the notorious Theranos blood-diagnosis sham, the voodoo-fusion practitioners have cast a spell over credulous journalists, investors and politicians. _____________________________________________________________________ Modern Fusion Fantasies During the last decade a host of fusion energy “startups” have captured the attention of the technology press and blogosphere. These startups promise to develop practical fusion electric power generators in 5 to 15 years, and incidentally will achieve ITER’s planned performance in a fraction of the time at 1% of the cost. With few exceptions, journalists have accepted these claims without criticism and propagated them with enthusiasm. But these projects are nothing more than modern-day versions of Ronald Richter’s arc discharges of 1948-51, the inaugural fusion fraud [1]. Just as Richter’s contraption could not generate a single fusion reaction, only a tiny minority of the current projects has given evidence of any fusion-neutron production. It was principally the absence of neutron emission that doomed claims of “cold fusion”, so why should more elaborate assemblies get a free pass, just because they use plasmas heated beyond room temperature? A tepid plasma of deuterium cannot produce measurable levels of fusion neutrons because one or more of the ion temperature, ion density or plasma volume is too small.