Part of the mythology of Silicon Valley is the committed founder driving the company to a blockbuster IPO. In reality, startups are 16 times more likely to get acquired.
Google announced today that it has signed a deal with nuclear startup Kairos Power to build seven small reactors to supply electricity to its data centers. The agreement promises to add around 500 megawatts of carbon-free electricity at a time when energy demand for data centers and AI is surging.
For fusion power aficionados, hitting “breakeven” is something of a Holy Grail: the point at which a fusion reaction produces more power than was required to ignite it. Only one scientific experiment, at the National Ignition Facility, has accomplished that feat, and it took over a decade of tweaking the system to achieve the monumental result.
When Elon Musk published Tesla’s first “master plan” in 2006, it seemed a bit far-fetched that batteries would end up changing the automotive industry, much less global power production and consumption. Today, as electric vehicles continue to gain market share and massive batteries displace smoke-spewing power plants from the electrical grid, that notion seems less improbable. This year in the U.S. alone, developers are planning to add 15 gigawatts of grid-scale battery capacity.
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines.
Hydrogen startup C-Zero has raised $5 million of an $18 million funding round, according to an SEC filing.
Until recently, saving the world usually didn’t involve turning a profit. But as the world has warmed, a range of startups and investors have emerged that have squared the circle, making a clear business case for reducing humanity’s impact on the planet.
The humble garage is so steeped in Silicon Valley lore it’s almost cliché. Yet that’s exactly how Caleb Boyd and Kevin Bush started Molten Industries: in the garage of the Stanford professor’s on-campus home, where Kevin rented an apartment.
Ever since a government experiment proved in 2022 that fusion isn’t as far fetched as it once seemed, physicists, engineers, and investors have been growing increasingly bullish on the technology’s ability to deliver on its long held — if frequently delayed — promise of providing nearly limitless amounts of emission-free power.
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