"Watch this space".

On 16 October 2014 20:39, 'Chris de Morsella' via Everything List <
[email protected]> wrote:

> I have no idea what to make of this claim. It is an astounding claim for
> such a large company to make…. Also kind of funny how their stock
> concurrently went down on the day of the press release
>
> Lockheed says makes breakthrough on fusion energy project
> <http://news.yahoo.com/lockheed-says-makes-breakthrough-fusion-energy-project-123840986--finance.html>
>
> WASHINGTON (Reuters) - Lockheed Martin Corp said on Wednesday it had made
> a technological breakthrough in developing a power source based on nuclear
> fusion, and the first reactors, small enough to fit on the back of a truck,
> could be ready for use in a decade.
>
> Tom McGuire, who heads the project, said he and a small team had been
> working on fusion energy at Lockheed's secretive Skunk Works for about four
> years, but were now going public to find potential partners in industry and
> government for their work.
>
> Initial work demonstrated the feasibility of building a 100-megawatt
> reactor measuring seven feet by 10 feet, which could fit on the back of a
> large truck, and is about 10 times smaller than current reactors, McGuire
> told reporters.
>
> In a statement, the company, the Pentagon's largest supplier, said it
> would build and test a compact fusion reactor in less than a year, and
> build a prototype in five years.
>
> In recent years, Lockheed has gotten increasingly involved in a variety of
> alternate energy projects, including several ocean energy projects, as it
> looks to offset a decline in U.S. and European military spending.
>
> View gallery
> <http://news.yahoo.com/photos/chief-executive-officer-lockheed-martin-corp-hewson-speaks-photo-123840198.html>
>
> [image: Chief Executive Officer of Lockheed Martin Corp
> Hewson&nbsp;&hellip;]
> <http://news.yahoo.com/photos/chief-executive-officer-lockheed-martin-corp-hewson-speaks-photo-123840198.html>
>
>
>
> Chief Executive Officer of Lockheed Martin Corp Marillyn Hewson speaks to
> journalists at a news conf …
>
> Lockheed's work on fusion energy could help in developing new power
> sources amid increasing global conflicts over energy, and as projections
> show there will be a 40 percent to 50 percent increase in energy use over
> the next generation, McGuire said.
>
> If it proves feasible, Lockheed's work would mark a key breakthrough in a
> field that scientists have long eyed as promising, but which has not yet
> yielded viable power systems. The effort seeks to harness the energy
> released during nuclear fusion, when atoms combine into more stable forms.
>
> "We can make a big difference on the energy front," McGuire said, noting
> Lockheed's 60 years of research on nuclear fusion as a potential energy
> source that is safer and more efficient than current reactors based on
> nuclear fission.
>
> Lockheed sees the project as part of a comprehensive approach to solving
> global energy and climate change problems.
>
> Compact nuclear fusion would produce far less waste than coal-powered
> plants since it would use deuterium-tritium fuel, which can generate nearly
> 10 million times more energy than the same amount of fossil fuels, the
> company said.
>
> Ultra-dense deuterium, an isotope of hydrogen, is found in the earth's
> oceans, and tritium is made from natural lithium deposits.
>
> It said future reactors could use a different fuel and eliminate
> radioactive waste completely.
>
> McGuire said the company had several patents pending for the work and was
> looking for partners in academia, industry and among government
> laboratories to advance the work.
>
> Lockheed said it had shown it could complete a design, build and test it
> in as little as a year, which should produce an operational reactor in 10
> years, McGuire said. A small reactor could power a U.S. Navy warship, and
> eliminate the need for other fuel sources that pose logistical challenges.
>
> U.S. submarines and aircraft carriers run on nuclear power, but they have
> large fission reactors on board that have to be replaced on a regular cycle.
>
> "What makes our project really interesting and feasible is that timeline
> as a potential solution," McGuire said.
>
> Lockheed shares fell 0.6 percent to $175.02 amid a broad market selloff.
>
> (Editing by Jeffrey Benkoe)
>
>
>
> __._,_.___
> ------------------------------
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> Posted by: "Chris de Morsella" <[email protected]>
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