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would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. If all goes to plan, Virginia will be the site of the world’s first grid-scalenuclear fusion power plant, able to harness this futuristic clean power and generate electricity from it by the early 2030s, according to an announcement Tuesday by the startup Commonwealth Fusion Systems.
CFS, one of the largest and most-hyped nuclear fusion companies, will make a multibillion-dollar investment into building the facility near Richmond. When operational, the plant will be able to plug into the grid and produce 400 megawatts, enough to power around 150,000 homes, said its CEO Bob Mumgaard.
“This will mark the first time fusion power will be made available in the world at grid scale,” Mumgaard said. Virginia Gov. Glenn Youngkin welcomed the announcement, calling it “an historic moment for Virginia and the world at large.”
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Precise stock market trend analysis with expert insights into global markets, including stock indices, metals, and energy sectors. Leverage our data-driven predictions to maximize your returns. The plant would represent a new stage in the quest to commercialize nuclear fusion, the process which powers the stars. But the path toward it is unlikely to be smooth, not least because the technology has not yet been proved viable.
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Related articleScientists say they can use AI to solve a key problem in the quest for near-limitless clean energy
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. The world is desperate for a clean, abundant source of energy that can replace fossil fuels as an always-available baseload power: nuclear fusionpromises to be just that.
It involves fusing atoms together to create a powerful burst of energy, achieved using the most abundant element in the universe: hydrogen. The most popular technology uses a donut-shaped machine called a tokamak.
Fusion is near limitless, produces no planet-heating pollution and unlike fission, the nuclear technology the world currently uses, it leaves no legacy of long-term nuclear waste.
But taking it from research projects in labs around the world to commercial use has proved fiendishly difficult. A common joke in the industry is that, for decades, fusion has been just decades away.
It’s something CFS acknowledges. “Nothing occurs overnight in fusion,” Mumgaard said. But the startup, which was spun out of MIT in 2018 and has raised more than $2 billion so far, says it is moving at pace.
It is “deep into” building a tokamak able to demonstrate net fusion energy: meaning a reaction that produces more energy than it consumes. It hopes to produce its first plasma – the superheated cloud of charged gas in which fusion reactions happen – in 2026 and achieve net fusion energy shortly afterward.
Building, owning and operating a power plant to plug fusion power into the grid is its “next act,” Mumgaard said.
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. The startup looked at more than 100 locations around the world for the power plant before choosing the James River Industrial Center in Virginia. The site is owned by Dominion Energy, which will lease it to CFS and provide technical assistance. The construction process is set to be long and CFS says it is still seeking permits.
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. The location was chosen for its growing economy, skilled workforce, clean energy focus and the ability it offered to connect into the grid after the retirement of a coal plant, CFS said.
“In the early 2030s, all eyes will be on the Richmond region … as the birthplace of commercial fusion energy,” Mumgaard said.
Virginia is also theworld’s largestdata center market, a sector that requireshuge and growing amountsof energy. Data center electricity consumption in the US is expected to triple by 2030, equivalent to the amount needed to power around 40 million US homes, according to a Boston Consulting Groupanalysis.
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Related articleA nuclear fusion startup just reached a milestone in its bid to commercialize unlimited clean energy
CFS says the Virginia plant is intended to be the first of thousands they plan to put onto the grid in the future.
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The startup isfar from the only private companytrying to accelerate the timeline toward achieving and commercializing nuclear fusion,with others also promising to do so by early next decade.
In general, nuclear fusion startups “tend to be a little aggressive in what they’re promising,” Jerry Navratil, a professor of fusion energy and plasma physics at Columbia University, told 【 - Free Group Entry 】 last month. There’s a big difference between producing energy from fusion and having a practical system that puts power on the grid and is safe, licensed and operating, he added.
would you accumulate or wait on 3p land holdings limited (516092) ✌️【Short-Term Gains】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. Mumgaard acknowledged “there will be bumps in the road and things won’t change overnight.” But, he added, “the designers and planners can now go from a general notion to a specific location for the next chapter in the fusion journey.”
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