logo
Startup launches project to create fuel for near-infinite energy machines: 'We can do it in a facility the size of a Starbucks'

Startup launches project to create fuel for near-infinite energy machines: 'We can do it in a facility the size of a Starbucks'

Yahooa day ago
If Austin's Hexium successfully delivers a key fusion fuel isotope, it will be thanks to a storyline that includes lithium, lasers, and technology developed in the 1980s. And it will all amazingly happen inside a building the size of a Starbucks, one of the men behind the effort told TechCrunch.
"We don't have to build a facility the size of a Costco or a football stadium," co-founder Jacob Peterson said in the story. "We can do it in a facility the size of a Starbucks, and we achieve good economics at very small scale, and then we just parallelize our process."
Peterson and co-founder Charlie Jarrott have already been making headlines for California-based Focused Energy, which was founded to develop laser-based fusion power at a $65 million facility.
Hexium is intended to gather a key part of fusion fuel from lithium, a complicated and necessary hurdle for labs from around the world that are trying to harness the power of the sun. The process often involves huge magnetic machines designed to contain swirling plasma and extreme heat.
"I realized no one is working on this supply chain stuff," Jarrott told TechCrunch.
While Focused and Hexium use lasers, the process is different at each company. For the latest effort, the laser tech dusts off a U.S. Department of Energy approach called atomic vapor laser isotope separation to corral lithium isotopes. Lithium-6 is the rare one needed for fusion fuel.
The government had planned to use lasers to complete the same task for uranium isotopes for common fission power plants. But after the Soviet Union fell, nuclear fuel was more widely available from old Russian weapons-grade uranium, according to the TechCrunch story.
Unlike fission, fusion does not produce long-lasting nuclear waste or carry a meltdown risk, answering safety concerns from critics. Fusion combines particles, creating new atoms to make energy; fission splits them. The challenge for fusion is sustainably maintaining reactions that involve temperatures hotter than the sun, all per government reports.
Hexium announced $9.5 million in seed funding in the spring. The experts are tweaking the government laser process to accommodate lithium. They can hone low-energy beams to separate lithium-6 from lithium-7 in vapor metal clouds. The lasers will condense lithium-6 into a liquid, where it will run into a trough for collection. The isotope will be sold to fusion labs to make fuel. Lithium-7 can be used in traditional nuclear operations, all according to TechCrunch.
Hexium's website also noted medical and industrial uses for the collected isotope. The team plans to have a pilot plant running this year making up to hundreds of pounds of lithium-6.
Should we be harnessing the ocean to power our homes?
Absolutely
Leave it be
It depends
I'm not sure
Click your choice to see results and speak your mind.
It's an exciting update for nuclear energy, which produces abundant power with no heat-trapping air pollution. NASA links rising temperatures to increased severe weather risks, including floods.
However, fusion isn't yet ready for sustainable production. And nuclear power is increasingly costly and slow to develop, Colorado energy think-tank co-founder and physicist Amory Lovins told The Cool Down.
He said that solar and wind projects are the fastest, cheapest form of energy to build in response to growing grid demand. It's an energy source that can be leveraged at home, as well.
Tax credits of up to 30% expire at the end of the year, thanks to President Donald Trump's Big Beautiful Bill, but EnergySage can help you lock in the rebates before they expire. The incentives and the right installer can save you thousands of dollars. What's more, the tech can reduce or eliminate your power bill. North Carolina State University's Clean Energy Technology Center has a database of perks offered at the state level, as well.
At Hexium, the founders see potential in fusion immediately, specifically providing a key resource to make the fuel needed for experiments.
"There isn't a single company that is going to make the fuel for those companies," Jarrott told TechCrunch.
Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The president fired the commissioner of the Bureau of Labor Statistics on Friday after the agency published a negative jobs report.
The president fired the commissioner of the Bureau of Labor Statistics on Friday after the agency published a negative jobs report.

Yahoo

time18 minutes ago

  • Yahoo

The president fired the commissioner of the Bureau of Labor Statistics on Friday after the agency published a negative jobs report.

Former Treasury Secretary Larry Summers had choice words for President Donald Trump after he fired his stats boss over an abysmal jobs report. Trump fired Erika McEntarfer, the commissioner of the Bureau of Labor Statistics (BLS), on Friday after the agency released its July jobs report showing that the economy added a mere 73,000 jobs—far below the White House forecast of 109,000 jobs. BLS also revised its job numbers down for May and June by 258,000. Trump accused McEntarfer of having 'RIGGED' those numbers 'to make the Republicans, and ME, look bad.'

Could Buying a Tesla Still Save Car Owners Money in 2025?
Could Buying a Tesla Still Save Car Owners Money in 2025?

Yahoo

time18 minutes ago

  • Yahoo

Could Buying a Tesla Still Save Car Owners Money in 2025?

Tesla may have been responsible for ushering in the era of widespread electric vehicle (EV) adoption, but it certainly hasn't been resting on its laurels. The company has taken some hits over the year with vehicle sales on the decline. If you factor in the controversial public figure that is the company's CEO, Elon Musk, then you know investing in a Tesla has become a hot button issue. Find Out: For You: Still, Tesla remains a leading name in the EV space, renowned for its performance and strong warranty options. For those interested in making the switch to electric, there's a lot to consider when it comes to whether or not a Tesla can save you money. EV Tax Credits vs. One 'Big Beautiful Bill' Act President Donald Trump signed an executive order to eliminate the federal EV mandate at the beginning of 2025, though some EV tax credits remained in place. However, they now have an expiration date for vehicles purchased after September 30, 2025. This change is due to the recent passage of Trump's tax reform, known as the One Big Beautiful Bill (OBBB), which accelerates the end date of this incentive. If you are still privy to the tax credit, here are some key takeaways: For the first half of the credit ($3,750), a new EV needs to meet certain restrictions regarding the vehicle's critical battery minerals. A certain percentage of the minerals need to have been sourced from the U.S. or any country with which the U.S. holds a free trade agreement. The second half of the credit kicks in if a certain percentage of battery components were manufactured or assembled in those same countries. Finally, to be eligible for any credit, any new EV or plug-in hybrid must see final assembly take place in North America. Concerning the Tesla Cybertuck, those who purchase a new model (single- and dual-motor models) can expect the full $7,500 federal tax credit until it expires. All trim packages of the Tesla Model 3 and Model Y are eligible for the full tax credit as well, as is the all-wheel-drive Tesla Model X. Read More: Tesla's Referral Program Can Help Save Money Per CleanTechnica, those interested in driving away from a Tesla showroom with a brand-new EV could save a bundle by taking advantage of the company's referral program. By utilizing a referral code, buyers can shave $500 off a Tesla Model Y — excluding the Launch Series — or $1,000 off the purchase of a Cybertruck, Model S or Model X. Those interested in the Model 3 can save $2,500 in this fashion. As a bonus, the referrer also receives a $500 credit to spend with the automaker. Save Money on Total Gas or Fuel As TopSpeed detailed, drivers who purchase a 2025 Tesla Model Y long-range rear-wheel drive could save nearly $5,000 on gas over five years. You can also see savings in other models. If you compare the Tesla Model S to the relatively fuel-efficient Toyota Camry, you may find cost savings that a Tesla driver could see. For example, if a Camry were driven 15,000 miles a year with an average gas price of $3.39 per gallon, a driver would spend $1,589 in gas. With a Tesla Model S, a driver would spend only $555 due to the lower electric charge cost of $0.037 per mile. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on Could Buying a Tesla Still Save Car Owners Money in 2025? Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Ford (F) Stock Price Prediction: Where Ford Could Be by 2025, 2026, and 2030
Ford (F) Stock Price Prediction: Where Ford Could Be by 2025, 2026, and 2030

Yahoo

time18 minutes ago

  • Yahoo

Ford (F) Stock Price Prediction: Where Ford Could Be by 2025, 2026, and 2030

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying that Ford could hit $17 by the year 2030. Bullish on Ford (F)? You can invest in Ford on SoFi with no commissions. If it's your first time signing up for SoFi, . Plus, get a 1% bonus if you transfer your investments and keep them there until December 31, 2025. As Ford continues to navigate the automotive industry's shift toward electric vehicles and respond to market challenges, investors are examining the company's long-term potential. In this article, Benzinga delves into the price predictions for Ford in 2025 and beyond, examining the factors that contribute to these forecasts. Current Overview of Ford (F) Stock Ford's stock is currently trading at $11.78, with a 52-week range of $8.44 to $14.85. The company has a market capitalization of $46.84 billion and its price-to-earnings (P/E) ratio is 9.44, which reflects its current earnings potential relative to the market. Ford reported 2024 revenue of $184.992 billion and a net income of $5.879 billion, up 35.24% from 2023. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Ford Stock Price Prediction for 2025 Ford's stock is anticipated to experience a decline. Analysts project the stock will rise to $11.85 in July and increase to $17.10 by the end of the year, reflecting more than 45% growth from current levels. The ongoing transition to electric vehicles and current market conditions will likely contribute to this forecast. While Ford's push into EVs has long-term potential, challenges like supply chain issues and market competition could hinder short-term stock performance in 2025. Ford Stock Price Prediction for 2026 By 2026, Ford's stock is expected to rebound significantly. Analysts predict the stock price could rise to $20.44, buoyed by the company's expanding electric vehicle lineup and improving financial stability. Monthly stock movements indicate a steady increase from the projected average price of $11.36. Ford's commitment to EV innovation and market share growth in this sector is a key factor driving this optimistic outlook for 2026. Ford Stock Price Prediction for 2030 Looking further ahead, Ford's stock price prediction for 2030 is still promising. Analysts expect the stock to trade between $8.06 and $17.51. This growth is fueled by the company's anticipated successful transition to electric vehicles and strong market strategy focused on innovation and sustainability. As Ford continues to evolve its product lineup and capitalize on emerging trends in the automotive industry, long-term investors may see sustained growth in the stock's value through 2030. Is Ford (F) Stock Right For You? While Ford faces some negative market indicators and a recent downgrade from a Buy to a Sell candidate, the company's long-term prospects remain attractive for certain investors. Ford offers potential value for income-focused investors with a P/E ratio of 9.44 and a solid dividend yield. Short-term challenges and fluctuating stock prices suggest caution for those looking for quick returns. Ford's future in the electric vehicle market and its continued operational success will be critical in determining whether the stock fits your portfolio. Methodology for Stock Price Prediction Ford's stock price prediction is based on a combination of technical indicators, market risk analysis and comparison with other automakers. Analysts anticipate price movements by looking at the company's net income, market sentiment and expected future news events. Technical indicators such as moving averages and relative strength index (RSI) help identify potential entry and exit points. At the same time, broader market trends and Ford's transition to electric vehicles also influence predictions. See Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. It's no wonder Jeff Bezos holds over $250 million in art — this beloved alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. This article Ford (F) Stock Price Prediction: Where Ford Could Be by 2025, 2026, and 2030 originally appeared on Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store