Burnaby, B.C.-based General Fusion says it has closed on a $65 million equity financing round that will spark the launch of a program to design, construct and operate a demonstration nuclear fusion power plant.
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Heliogen claims solar power breakthrough
By Todd Bishop and Alan Boyle
A solar energy tech company founded by serial entrepreneur and inventor Bill Gross — and backed by investors including Microsoft co-founder Bill Gates — says it has developed a way to create concentrated solar energy at temperatures hot enough to replace fossil fuels in industrial processes that contribute significantly to global carbon emissions.
It works by using cutting-edge computer vision technology to align a large array of mirrors to reflect sunlight to a precise target. The process creates immense heat, exceeding 1,000 degrees Celsius (1,832 Fahrenheit), that can replace traditional fuels such as coal, gas and oil in the production of materials such as cement, steel and petrochemicals.
The Los Angeles-based company, Heliogen, said this morning that it achieved the high-temperature milestone at its commercial facility in Lancaster, Calif.
It described the innovation as a “major step towards solving climate change” that could dramatically reduce greenhouse gas emissions from industrial processes. Such processes are thought to account for one-fifth of the world’s carbon emissions.
Pacific Northwest National Laboratory is joining forces with two other research powerhouses to pioneer a new $5.5 million research center created by the U.S. Department of Energy to focus on the biggest challenges in artificial intelligence.
The Center for Artificial Intelligence-Focused Architectures and Algorithms, or ARIAA, will promote collaborative projects for scientists at PNNL in Richland, Wash., at Sandia National Laboratories in New Mexico, and at Georgia Tech. PNNL and Sandia are part of the Energy Department’s network of research labs.
ARIAA will be headed by Roberto Gioiosa, a senior research scientist at PNNL. As center director, he’ll be in charge of ARIAA’s overall vision, strategy and research direction. He’ll be assisted by two deputy directors, Sandia’s Rajamanickam and Georgia Tech Professor Tushar Krishna.
The creation of the new center is in line with the White House’s efforts to encourage partnerships in AI research. Last month, Energy Secretary Rick Perry announced the establishment of the DOE Artificial Intelligence and Technology Office to serve as a coordinating hub for all the work that’s being done in his department.
BELLEVUE, Wash. – Just a stone’s throw away from Interstate 90’s crush of traffic, a decade-old startup founded by Bill Gates is running tests aimed at building the next generation of nuclear reactors.
You’ll find no more than a smidgen of radioactive material at the privately funded venture, known as TerraPower. But if Microsoft’s co-founder and TerraPower’s other leaders have their way, the technologies being pioneered at the 10,000-square-foot lab could boost electrical grids around the world.
We got a rare look inside the lab, which is housed alongside facilities for Intellectual Ventures in Bellevue’s Eastgate neighborhood, and we heard from TerraPower’s executives about the connection between Gates’ past as a co-founder of Microsoft and his vision for future energy innovation.
“If you think about Bill Gates’ accomplishments in computing, we’re really trying to repeat that for nuclear energy,” said Chris Levesque, TerraPower’s president and CEO. “We think nuclear is overdue for technology demonstrations.”
The development of ever more powerful models for artificial intelligence is revolutionizing the world, but it doesn’t come cheap. In a newly distributed position paper, researchers at Seattle’s Allen Institute for Artificial Intelligence argue that more weight should be given to energy efficiency when evaluating research.
The AI2 researchers call on their colleagues to report the “price tag” associated with developing, training and running their models, alongside other metrics such as speed and accuracy. Research leaderboards, including AI2’s, regularly rate AI software in terms of accuracy over time, but they don’t address what it took to get those results.
Of course, cutting-edge research can be expensive in all sorts of fields, ranging from particle physics done at multibillion-dollar colliders to genetic analysis that requires hundreds of DNA sequencers. Financial cost or energy usage isn’t usually mentioned in the resulting studies. But AI2’s CEO, Oren Etzioni, says that times are changing – especially as the carbon footprint of energy-gobbling scientific experiments becomes more of a concern.
“It is an ongoing topic for many scientific communities, the issue of reporting costs,” Etzioni, one of the position paper’s authors, told GeekWire. “I think what makes a difference here is the stunning escalation that we’ve seen” in the resources devoted to AI model development.
One study from OpenAI estimates that the computational resources required for top-level research in deep learning have increased 300,000 times between 2012 and 2018, due to the rapid development of more and more complex models. “This is much faster than Moore’s Law, doubling every three or four months,” Etzioni said.
Microsoft co-founder Bill Gates is celebrating the official launch of Breakthrough Energy Ventures Europe, an investment fund that aims to boost clean-energy innovation in Europe to the tune of 100 million euros. That translates to $112 million at the current rate of exchange.
Half of the money is coming from the European Commission’s Horizon 2020 program, via a financing channel known as InnovFin. The other half is coming from Breakthrough Energy Ventures, the $1 billion fund backed by Gates and other heavyweight investors including Amazon CEO Jeff Bezos, Softbank Group CEO Masayoshi Son, Virgin Group founder Richard Branson and Alibaba Group executive chairman Jack Ma.
Breakthrough Energy Ventures was created in 2016 to invest in zero-carbon energy technologies, and it’s laid down bets on 15 ventures since then. But most of those ventures are based in the U.S. and Canada. Breakthrough Energy Ventures Europe, or BEV-E, will make sure Europe is well-represented on the clean-energy frontier.
If dollars were votes, newly reintroduced legislation aimed at boosting nuclear energy innovation and advanced reactors would be a winner, thanks to Microsoft co-founder Bill Gates’ strong endorsement today.
The world’s second-richest person is the founder and chairman of Bellevue, Wash.-based TerraPower, a startup that’s working on next-generation nuclear fission reactors. Back in December, Gates listed nuclear energy research as one of his top policy priorities, and he reportedly followed up by promising lawmakers he’d invest $1 billion of his own money and line up another $1 billion in private capital if federal funds were approved for a TerraPower pilot project in the United States.
TerraPower had planned a pilot in China, but trade tensions upset the plan.
During the waning days of the previous congressional session, a bipartisan group in the Senate introduced a measure called the Nuclear Energy Leadership Act, which would promote next-generation nuclear power by boosting research and setting up long-term agreements for federal power purchases from newly licensed reactors.
The bill would require the Department of Energy to demonstrate two advanced reactor concepts by 2025, followed by another two to five concepts by 2035.
That would brighten the outlook for TerraPower as well as other next-gen nuclear power companies such as Oregon-based NuScale Power, which is planning to build a small-scale modular reactor at the Idaho National Laboratory by 2026.
There wasn’t enough time to move the bill out of committee last year — but on Wednesday, the legislation was reintroduced by 15 senators, including Republicans such as Alaska’s Lisa Murkowski and South Carolina’s Lindsey Graham as well as Democrats such as New Jersey’s Cory Booker and West Virginia’s Joe Manchin.
That came as music to Gates’ ears, and today he let the world know on Twitter.
For years, the Port of Seattle has been talking about weaning Seattle-Tacoma International Airport off fossil fuels, but now it’s getting serious about taking action.
“At a certain point in time, you just have to say, ‘Well, let’s make a run for it,’ ” Port Commissioner Fred Felleman told GeekWire. “It can’t be just an intellectual pursuit.”
But it’s not totally up to the port: A new network of interlocking infrastructures will have to be created, connecting farmers with refiners, distributors and users.
That’s the motivation behind the Washington Sustainable Aviation Fuels Summit, set to take place on March 7-8 at the Bell Harbor International Conference Center in Seattle. The event, hosted by Earth Day Northwest 2020, is meant to bring together stakeholders who can get Sea-Tac closer to its goal of having at least 10 percent of its fuel come from sustainable sources by 2028.
KoBold Metals’ quest to find new sources of cobalt, a key ingredient in lithium-ion batteries, has received high-profile backing from Breakthrough Energy Ventures, the $1 billion innovation fund spearheaded by Microsoft co-founder Bill Gates.
Andreessen Horowitz also joined in the Bay Area startup’s funding round, which was disclosed today. The amount of funding, however, went undisclosed.
Breakthrough Energy Ventures was created by Gates and a bevy of other billionaires — including Jeff Bezos, Richard Branson, Michael Bloomberg and Jack Ma — to make long-term investments in cutting-edge energy technologies. KoBold Metals uses artificial intelligence and “machine prospecting” techniques to search for likely locations of cobalt ore.
In his year-end letter, Microsoft co-founder Bill Gates says his to-do list for 2019 includes persuading U.S. leaders to regain America’s leading role in nuclear energy research and embrace advanced nuclear technologies such as the concept being advanced by his own TerraPower venture.
“The world needs to be working on lots of solutions to stop climate change,” Gates wrote in the wide-ranging letter, released tonight. “Advanced nuclear is one, and I hope to persuade U.S. leaders to get into the game.”
Gates acknowledged that tighter U.S. export restrictions, put in place by the Trump administration, have virtually ruled out TerraPower’s grand plan to test its traveling-wave nuclear technology in China.