Via NextBigFuture.com site: LPPFusion has launched an equity crowdfunding campaign to raise $1
million to fund the next major stage of their research to develop a
cheap, clean, safe and unlimited source of energy. The campaign, which
went live at Noon EST, Nov. 9 on the leading crowdfunding website Wefunder,
is the first time that shares in LPPFusion will be available to all
investors. In previous equity rounds, sales of shares in the US were
limited to accredited investors—those with more than $1 million in
assets or $200,000 in annual income. However, under new SEC rules
approved last year, through the crowdfunding campaign, all investors,
accredited and non-accredited, US and non-US, will be able to buy
shares. A previous crowdfunding effort by LPPFusion in 2014 on the
Indiegogo website raised $180,000 in donations, before the new rule
allowed equity (share) crowdfunding.
LPPFusion is a small New Jersey R and D firm with the ambitious goal
of reaching and developing a new route to producing fusion energy, the
energy that powers the sun. Their technology is called Focus Fusion.
New experimental results, published in the October issue of the leading peer-reviewed journal Physics of Plasmas,
demonstrated the highest confined mean ion energy of any fusion
experiment in the world, an ion energy equivalent to a temperature of
over 2.5 billion degrees C. This is over 200 times hotter than the
center of the sun.
UC San Diego and LPPFusion have formalized a collaboration with an agreement on October 2.
They aim to develop a dense plasma focus (DPF) device for fusion
energy. “The alternate fusion schemes offer a potential route to fusion
energy that could be faster and much cheaper than other approaches,”
explains CER Director, Farhat N. Beg. “LPPFusion is a leader in this
field and will make available to CER its research data and expertise to
help us set up our own DPF facility at UC San Diego.”
LPPFusion’s FF-1 device is one of only a few mega-ampere DPFs in the
world. Our research in the coming year will involve the first
experiments using hydrogen-boron fuel. This fuel produces energy in the
form of charged particles only, not neutrons, which both eliminates
radioactive waste and makes possible inexpensive direct conversion of
energy to electricity.
“The collaboration with the Center for Energy Research will help us
to better analyze and understand our data,” said LPPFusion President and
Chief Scientist Eric J. Lerner. “Their expertise in plasma simulation
will aid our efforts in modeling our experiments. We also expect that,
once their own DPF is functioning, we can perform joint experiments that
will help demonstrate how the DPF energy output scales with energy
input. That is crucial to achieving the goal of getting more energy out
of the device than we put into it.”
The $ 1 million dollars that the company hopes to raise through the
crowdfunding camping will go to speed the scientific research by
allowing the hiring of more researchers and by funding the next set of
experiment. These experiments will use beryllium electrodes in the
experimental FF-1 device and then proceed to the use of hydrogen-boron
fuel. This fuel produces no radioactive waste...
Full article: https://www.nextbigfuture.com/2017/11/lpp-fusion-raising-1-million-via-equity-crowdfunding.html
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[Vlad] It may seem a great opportunity for non-accredited investors to participate in this endeavor (which is still a scientific research basically) but, please remember, this is a high-risk/high-reward investment and, as a rule of thumb (that I value for such cases), never invest more than you are comfortable to loose. If you go to https://wefunder.com/lppfusion and scroll down to "Risks Specific to LPPFusion" you can read a very honest compilation of these risks (kudos to Eric J. Lerner, President and Chief Scientist, who was from the beginning, very open and forthcoming with the progress and also failures/obstacles LPPFusion is facing).
