Tech Crunch's Y Combinator and Mithril Invest in Helion, A Nuclear Fusion Startup covers a $1.5 million investment in Helion, a nuclear fusion startup.
What makes this really intriguing is Helion's claim that it can produce, in 3 years, a fusion generator that's:
"1,000 times smaller, over 500 times cheaper, and realizable 10 time faster than other projects."
They go on to say they will be able to generate electricity for less than 4 cents per kilowatt hour.
What makes these claims so bold is most observers believe fusion energy is several decades and many hundreds of billions of dollars of investment away from becoming commercialized.
The infographic below is from Helion's website and explains their approach.
All I can say is "wow". If this happens, we would have a non-polluting, low cost energy source with an unlimited amount of fuel. This would fundamentally change the world.
While this seems fanciful at best, Nature's article Plasma Physics: The Fusion Upstarts seems to imply firms like Helion may be able to do this over the next decade or so.