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Genius Aussies plan to slash power bills
Energy prices are a big part of the cost-of-living crisis crushing Australians, but some Sydney university students and tech visionaries are working on a new fuel that would eliminate power bills.thewest.com.au
An Australian working at the leading edge of fusion power says the revolutionary new energy system could one day cut down household power bills by 90 per cent.
Dr Warren McKenzie, co-founder of private fusion power company HB11, made the startling claim in the same week Sydney’s UNSW announced students would begin building their own fusion power device to push Australia into the fusion age.
Fusion power generates energy by fusing light atoms together. Dr Warren said achieving a net energy gain – or the ratio between fusion energy out and energy in – of about 100 would mean the emerging technology could generate energy at today’s prices.
But a net gain of 1000 would cut power bills cut down by about 90 per cent and a net gain of 10,000 would mean an end to metering energy because it would be so cheap.
Last December, the Lawrence Livermore National Laboratory achieved a net gain of 1.5, a “Kitty Hawk” moment for the field.
Dr Warren said traditional renewables like wind and solar could not meet the challenge.
“We know wind and solar are good, they are cheap, but they are nowhere near sufficient,” he said.
“If you purely look at the cost of energy from a supply demand perspective, if we turn off fossil fuels, demand is going to far outstrip supply for a very long time, and that means not just the price of electricity, but our quality of life in general will seriously decrease.
“In the long term, if we turn off fossil fuels, the energy price increases we are seeing today are not even the tip of the iceberg, they are a drop in the ocean.”
HB11 uses boron as fusion fuel and Dr Warren said known reserves of boron could power the world for 10,000 years.
A massive $30bn reactor in France, called ITER Tokamak, is the world’s largest fusion enterprise, but students at UNSW think they can push the boundaries of fusion for less than $1m.
The students will build a small 1m-by-1m device to methodically solve the complex problems of fusion generation rather than introduce fuel to try and control and harness reactions like ITER.
Yes, the big problem from memory is holding the fusion process in place, if it touches anything it goes out, so it is held with magnets. Well that is from the memory bank.I hope this isn't a joke because if it works it's probably game over for electricity generation.
The words "cold fusion" come to mind.
That about sums it up, unless there is something special about using boron.Yes, the big problem from memory is holding the fusion process in place, if it touches anything it goes out, so it is held with magnets. Well that is from the memory bank.
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