Wednesday, October 15, 2014

Lockheed says makes breakthrough on fusion energy project - Yahoo Finance

 

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.

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Chief Executive Officer of Lockheed Martin Corp Hewson …

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

Read more:  Lockheed says makes breakthrough on fusion energy project - Yahoo Finance

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