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Helion Energy
Helion Energy, Inc. is an American fusion research company, located in Everett, Washington. They are developing a magneto-inertial fusion technology to produce helium-3 and fusion power via aneutronic fusion, which could produce low-cost clean electric energy using a fuel that is derived exclusively from water. History The company was founded in 2013 by David Kirtley, John Slough, Chris Pihl, and George Votroubek. The management team won the 2013 National Cleantech Open Energy Generation competition and awards at the 2014 ARPA-E Future Energy Startup competition, were members of the 2014 Y Combinator program, and were awarded a 2015 ARPA-E ALPHA contract, "Staged Magnetic Compression of FRC Targets to Fusion Conditions". In 2022, the company was one of five finalists for the 2022 '' GeekWire'' Awards for innovation of the year, specifically for fusion energy start up category. Technology This system is intended to operate at 1 Hz, injecting plasma, compressing it to fu ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Beta (plasma Physics)
The beta of a plasma, symbolized by ''β'', is the ratio of the plasma pressure (''p'' = ''n'' ''k''B ''T'') to the magnetic pressure (''p''mag = ''B''²/2 ''μ''0). The term is commonly used in studies of the Sun and Earth's magnetic field, and in the field of fusion power designs. In the fusion power field, plasma is often confined using strong magnets. Since the temperature of the fuel scales with pressure, reactors attempt to reach the highest pressures possible. The costs of large magnets roughly scales like ''β½''. Therefore, beta can be thought of as a ratio of money out to money in for a reactor, and beta can be thought of (very approximately) as an economic indicator of reactor efficiency. For tokamaks, betas of larger than 0.05 or 5% are desired for economically viable electrical production. The same term is also used when discussing the interactions of the solar wind with various magnetic fields. For example, beta in the corona of the Sun is about 0.01. Backgrou ...
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Sam Altman
Samuel H. Altman ( ; born April 22, 1985) is an American entrepreneur, investor, programmer, and blogger. He is the CEO of OpenAI and the former president of Y Combinator. Early life and education Altman grew up in St. Louis, Missouri; his mother is a dermatologist. He received his first computer at the age of 8. He was raised Jewish. He attended John Burroughs School for high school and studied computer science at Stanford University until dropping out in 2005. In 2017, he received an honorary degree from the University of Waterloo. Altman is gay, and has been out since his youth. Career Loopt In 2005, at age 19, Altman co-founded and became CEO of Loopt, a location-based social networking mobile application. After raising more than $30M in venture capital, Loopt was shut down in 2012 after failing to get traction. It was acquired by the Green Dot Corporation for $43.4 million. Y Combinator Altman began as a part-time partner at Y Combinator in 2011. In February 2014, Altman ...
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TechCrunch
TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Following the 2015 acquisition of AOL and Yahoo by Verizon, the site was owned by Verizon Media from 2015 through 2021. In 2021 Verizon sold its media assets, including AOL, Yahoo, and TechCrunch, to the private equity firm Apollo Global Management, and Apollo integrated them into a new entity called Yahoo. In addition to its news reporting, TechCrunch is also known for its Disrupt conference, an annual technology event hosted in several cities across United States, Europe, and China. History TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. As of 2013, TechCrunch was available in English, Chine ...
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Y Combinator
Y Combinator (YC) is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Quora, PagerDuty, Reddit, Stripe and Twitch. The combined valuation of the top YC companies was more than $300 billion by January 2021. The company's accelerator program started in Boston and Mountain View, expanded to San Francisco in 2019, and has been entirely online since the start of the COVID-19 pandemic. ''Forbes'' characterized the company in 2012 as one of the most successful startup accelerators in Silicon Valley. History Y Combinator was founded in 2005 by Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell. From 2005 to 2008, one program was in Cambridge, Massachusetts, and one was in Mountain View, California. As Y Combinator grew to 40 investments per year, running two programs became too much. In January 2009, Y Combinator an ...
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Seed Accelerator
Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day. While traditional business incubators are often government-funded, generally take no equity, and rarely provide funding, accelerators can be either privately or publicly funded and cover a wide range of industries. Unlike business incubators, the application process for seed accelerators is open to anyone but highly competitive. There are specific accelerators, such as corporate accelerators, which are often subsidiaries or programs of larger corporations that act like seed accelerators. Distinctive qualities The main differences between business incubators, startup studios, and accelerators are: # The application process is open to anyone but highly competitive. Y Combinator and TechStars have application acceptance rates between 1% and 3%. # Seed investment in startups is usually mad ...
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Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ...
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The Alvin Weinberg Foundation
The Alvin Weinberg Foundation was a registered UK charity, operating under the name Weinberg Next Nuclear, that campaigned for research and development into next-generation nuclear energy. In particular, it advocated advancement of Liquid Fluoride Thorium Reactor (LFTR) and other Molten Salt Reactor (MSR) technologies. It was named for Dr Alvin M. Weinberg, Director of Oak Ridge National Laboratory between 1955–1973 and the main advocate of MSR development. History * September 2011: Launched at House of Lords. * January 2014: Becomes a Registered Charity in England and Wales. * May 2015: Stephen Tindale joins as Director. * July 2017: The Weinberg Foundation dissolved. People * Baroness Worthington is trustee and patron. * Stephen Tindale, who led Greenpeace in the UK from 2000 until 2005, was its last Director. See also * Thorium-based nuclear power * Generation IV reactor * Molten salt reactor * Liquid fluoride thorium reactor The liquid fluoride thorium reactor ...
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United States Department Of Defense
The United States Department of Defense (DoD, USDOD or DOD) is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national security and the United States Armed Forces. The DoD is the largest employer in the world, with over 1.34 million active-duty service members (soldiers, marines, sailors, airmen, and guardians) as of June 2022. The DoD also maintains over 778,000 National Guard and reservists, and over 747,000 civilians bringing the total to over 2.87 million employees. Headquartered at the Pentagon in Arlington, Virginia, just outside Washington, D.C., the DoD's stated mission is to provide "the military forces needed to deter war and ensure our nation's security". The Department of Defense is headed by the secretary of defense, a cabinet-level head who reports directly to the president of the United States. Beneath the Department of Defense are th ...
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NASA
The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeeding the National Advisory Committee for Aeronautics (NACA), to give the U.S. space development effort a distinctly civilian orientation, emphasizing peaceful applications in space science. NASA has since led most American space exploration, including Project Mercury, Project Gemini, the 1968-1972 Apollo Moon landing missions, the Skylab space station, and the Space Shuttle. NASA supports the International Space Station and oversees the development of the Orion spacecraft and the Space Launch System for the crewed lunar Artemis program, Commercial Crew spacecraft, and the planned Lunar Gateway space station. The agency is also responsible for the Launch Services Program, which provides oversight of launch operations and countdown management f ...
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United States Department Of Energy
The United States Department of Energy (DOE) is an executive department of the U.S. federal government that oversees U.S. national energy policy and manages the research and development of nuclear power and nuclear weapons in the United States. The DOE oversees the U.S. nuclear weapons program, nuclear reactor production for the United States Navy, energy-related research, and domestic energy production and energy conservation. The DOE was created in 1977 in the aftermath of the 1973 oil crisis. It sponsors more physical science research than any other U.S. federal agency, the majority of which is conducted through its system of National Laboratories. The DOE also directs research in genomics, with the Human Genome Project originating from a DOE initiative. The department is headed by the Secretary of Energy, who reports directly to the president of the United States and is a member of the Cabinet. The current Secretary of Energy is Jennifer Granholm, who has served ...
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Tritium
Tritium ( or , ) or hydrogen-3 (symbol T or H) is a rare and radioactive isotope of hydrogen with half-life about 12 years. The nucleus of tritium (t, sometimes called a ''triton'') contains one proton and two neutrons, whereas the nucleus of the common isotope hydrogen-1 (''protium'') contains one proton and zero neutrons, and that of hydrogen-2 (''deuterium'') contains one proton and one neutron. Naturally occurring tritium is extremely rare on Earth. The atmosphere has only trace amounts, formed by the interaction of its gases with cosmic rays. It can be produced artificially by irradiating lithium metal or lithium-bearing ceramic pebbles in a nuclear reactor and is a low-abundance byproduct in normal operations of nuclear reactors. Tritium is used as the energy source in radioluminescent lights for watches, gun sights, numerous instruments and tools, and even novelty items such as self-illuminating key chains. It is used in a medical and scientific setting as a radioacti ...
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