Oil Companies Under Pressure by Activists, Investing in Fusion Energy: US Nuclear and MIFTI Ready with Fusion System in 36 Months
US Nuclear (OTCQB: UCLE) announces that its partner MIFTI aims to achieve net energy gain through thermonuclear fusion within 18 months, targeting over 1,000 trillion neutrons per pulse with a new 10 MegaAmpere device. MIFTI has already demonstrated significant progress, generating over 50 billion neutrons per pulse on a 1 MegaAmpere machine. Recent grants, including a $5 million ARPA-E award, further validate its technology, which is expected to surpass conventional nuclear fission reactors in neutron production. US Nuclear holds a strategic partnership with MIFTI, owning 10% of its subsidiary, MIFTEC.
- MIFTI has received a $5 million ARPA-E grant to support its fusion technology.
- Significant neutron generation success: over 50 billion neutrons per pulse achieved on a 1 MegaAmpere machine.
- MIFTI's technology expected to generate more neutrons than billion-dollar nuclear fission reactors.
- US Nuclear holds a 10% stake in MIFTEC and exclusive rights for medical isotope generators in North America and Asia.
- None.
LOS ANGELES, CA, June 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire ‒ US Nuclear’s (OTCQB: UCLE) partner MIFTI expects within 18 months, to be generating over 1,000 trillion neutrons per pulse in a compact 10 MegaAmpere device with the goal of achieving net energy gain for the first time in the history of humankind. The most important criteria for the successful creation of controlled thermonuclear fusion energy is the generation of thousands of trillions of neutrons; enough to perpetuate a reaction that would achieve breakeven or net-energy-gain, thus generating energy much greater than the energy required to produce the effect. MIFTI’s Staged Z-pinch (SZP) fusion generator is comparatively simple, cost-effective, scalable, and fueled by a low-cost isotope of hydrogen from seawater. All experimental testing strongly indicates that MIFTI’s invention is a viable answer for cost-effective carbon-free power production.
MIFTI has already achieved extraordinary success, repeatedly generating over 50 billion neutrons per pulse on a 1 MegaAmpere machine and achieving the required temperature, stability, and confinement time. Advanced computer simulation codes MACH2 and HYDRA predicted 50 billion neutron generation on MIFTI’s 1 MA machine, and MIFTI achieved those numbers repeatedly. Now, MACH2 and HYDRA predict that MIFTI’s 10 MegaAmpere machine will produce over 1,000 trillion neutrons per pulse, and once demonstrated, the transformation of our power production systems should ensue. In addition, MIFTI’s SZP thermonuclear fusion technology will have immediate utility for the cost-effective production of radiopharmaceuticals used in nuclear medicine through their MIFTEC division.
MIFTI has been awarded a
In recent news, major oil companies, under mounting pressure to protect the climate, have been investing in nuclear fusion technology. Chevron, ENI, and other major oil companies have already invested in companies developing fusion power generation. Three of the largest oil companies recently faced blows over climate change: a Dutch court told Royal Dutch Shell to reduce its greenhouse gas emissions by a staggering
MIFTI is at the forefront of the fusion power generation revolution, and their goal is to achieve net-energy-gain for the first time in history within 18 months. US Nuclear is an investor, strategic partner, and prime contractor, owning
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This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com.
CONTACT:
US Nuclear Corp. (OTCQB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com
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