Risk, Invention, and Courageous Capital
Date: Thursday, December 18, 2003 @ 22:40:43 UTC
Topic: General
The 100th anniversary of the Wright Brother’s first flight, after years of tedious and often disappointing attempts, and monumental quantities of research, readily resonates with those working in the field of revolutionary energy development.
Inadequately funded, often ridiculed, the inventors plowing this new ground face many complicated challenges, in addition to those difficult obstacles inevitably posed by nature.
A recent official study for the German government states that without breakthrough technology, Global Warming might cause sea level to rise as much as 30 feet. If this is even remotely correct, cities such as New York, Miami, and London, could be inundated. Low countries, such as the Netherlands and a number of others, as well as much of Southern Florida, could be flooded later in this Century.
Angel investors, often badly burned in recent years by the stock market bubble, have understandably not been eager to supply the relatively small amounts of early money necessary to support high risk ventures. However, a continuing stream of such funds is needed to insure an optimized effort to find solutions. Ironically, a handful of exciting technologies appear ready to emerge. Those presently being prototyped by Magnetic Power Inc., and its subsidiary, Room Temperature Superconductors Inc., (See: www.ultraconductors.com), might be able to help provide viable, cost-effective, alternatives to fossil and uranium fuels.
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete"
-R. Buckminster Fuller
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