Source: Bloomberg
Summary
Bloomberg reports that fusion, fission, and natural gas are currently neck and neck in the race to provide new power to the grid by the early 2030s. According to the article, advancements in technology and shifting market conditions have made these alternatives more viable. The development of new power sources is crucial for meeting increasing energy demands and reducing carbon emissions. Companies like General Fusion, TerraPower, and Mitsubishi Heavy Industries are investing in these emerging technologies. Governments are also providing funding and support for research and development.
Our Reading
The announcement sounds ambitious.
Bloomberg’s report highlights the progress made in fusion, fission, and natural gas technologies. General Fusion is working on a magnetized target fusion approach, while TerraPower is developing a traveling-wave reactor. Mitsubishi Heavy Industries is investing in advanced pressurized water reactor technology. The article notes that these technologies are still in the development stage, but they have the potential to significantly impact the energy landscape. One thing is certain: the “new” energy sources of the 2030s will look suspiciously like the “promising” energy sources of the 1980s.
Author: Evan Null
