--- Terry Blanton wrote: > "Altira's investment in HPG was made out of the recently closed Altira Technology Fund V -- a $176 Million fund focused on venture capital for energy technologies. "
Yes, it looks like the VC investment was probably in the range of $25 million - here is some info from the VC firm: http://www.techventures.org/NM-ECS/documents/HyperionECS08web.pdf Still not bad for a company with just a good idea and little more, especially with all the regulation hurdles that they will encounter. The general concept of subcritical fission has always fascinated me- but in this case, there must have been another breakthrough which they are not ready to disclose. My hope is that the concept uses either natural or depleted U, and NOT enriched; as that would possibly create too many proliferation risks for DoE. If there is any way to combine elements of LENR and/or hydrino-tech into super-safe fission, then they may have a winner. The radiation problems are manageable, as our submarine fleet has proved (the Russian Kursk problem seems to have been due to weaponry). ... wonder if they are looking to sign-on staff willing to work tirelessly for a bit of founder's equity ;-) Have PC, will travel.... (the new Paladin?) Jones
