logo
World's first nuclear fusion power plant in US close to historic ignition test

World's first nuclear fusion power plant in US close to historic ignition test

Yahoo02-03-2025

Helion Energy, an Everett-based fusion energy company, has announced plans to construct the world's first fusion power plant in Malaga, Washington.
The company is working towards developing a 50-megawatt fusion power plant on land owned by the Chelan Public Utility District (PUD) near Rock Island Dam, along the Chelan County side of the Columbia River.
While the site has not been officially finalized yet, discussions are progressing, and the company plans to further engage with the community for this pioneering project.
The announcement was made during a joint press conference at the Confluence Technology Center in Wenatchee. The public event featured Helion Communications Director Jessie Barton, Chelan PUD's Kirk Hudson, Chelan County Community Development Director Deanna Walter, and Jim Kuntz of the Chelan Douglas Regional Port Authority.
They discussed their respective agencies' roles in exploring the potential for carbon-free energy sources in Chelan County.
'We're looking at developing a 50-megawatt fusion power plant on PUD-owned land, near Rock Island Dam, on the Chelan side of the Columbia River,' said Barton. 'Now, this isn't an official site selection at this point, but we are at the point where we're ready to bring in more community members and have a larger conversation about this potential project.'
A community event is planned for March 11 at Mission View Elementary School, where additional details about the project will be shared. The company has set an ambitious timeline, aiming to begin construction this summer if the permitting process proceeds without delays, to generate fusion energy by 2028.
From Chelan PUD's perspective, this project is a key component of a broader strategy to meet future energy demands and expand beyond hydropower, which has traditionally been the region's primary energy source. 'We have all of our eggs in one basket with hydropower, which has served us very well, but the future is going to be much different than the past has been,' said Chelan PUD's Kirk Hudson.
Initially, the fusion energy produced will support a purchase agreement with Microsoft, with long-term plans to make this clean energy accessible to local customers.
The PUD remains optimistic about the project's growth and success, aiming for its benefits to extend to residents of Chelan County and the broader north-central Washington region.
Formal discussions regarding agreements with Helion, including potential lease terms, are expected once the company is ready to begin construction.
Helion Energy anticipates hiring approximately 130 workers during the initial construction phase, with around 30 staff needed for ongoing plant operations once the facility is complete.
In May 2023, Helion Energy announced a groundbreaking deal with Microsoft, marking the world's first commercial agreement for fusion energy.
Under this agreement, Helion aims to provide Microsoft with electricity generated from its fusion power plant by 2028. The deal underscores confidence in Helion's advanced fusion technology and its potential to deliver a reliable, carbon-free energy source.
This partnership aligns with Microsoft's sustainability goals, aiming to secure clean energy for its operations. Helion's progress has been further bolstered by significant funding, including a major investment in January 2025, to accelerate the development and deployment of fusion energy technology.
With the planned fusion power plant in Malaga, Washington, Helion is taking significant strides toward making fusion energy a reality, reinforcing its commitment to revolutionizing the energy landscape by 2028.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Static interference forced United Airlines to disable Starlink service
Static interference forced United Airlines to disable Starlink service

UPI

time40 minutes ago

  • UPI

Static interference forced United Airlines to disable Starlink service

United Airlines has suspended its Starlink Wi-Fi service on two dozen regional airliners to fix static interference that occurs while the system is in use, the airline confirmed on Friday. File Photo by Caroline Brehman/EPA-EFE June 7 (UPI) -- Free Starlink internet service on some regional United Airlines flights has been suspended due to static interference. The airline began offering free Starlink Wi-Fi service during flights in May, but static interference forced United officials to turn off the service on about 24 airliners, the Wall Street Journal reported. The airline is working with Starlink to correct the problem, which it says does not affect flight safety. "We expect the service to be back up and running on these aircraft soon," United officials said. "The fix will be deployed during routine maintenance, and the airline doesn't anticipate any impact on flight schedules." The problem was first revealed by The Points Guy, which reported the issue commonly occurs when new onboard connectivity technologies are installed on aircraft. United installed the Starlink service on about two dozen regional aircraft but received reports of static interference while the Wi-Fi service was used. A similar problem arose when United Airlines installed its Viasat connectivity service on its main air fleet. A quick fix solved the problem. Starlink is a subsidiary of the Elon Musk-owned SpaceX and uses a global network of small satellites to provide subscribers with Wi-Fi service anywhere in the world.

Is CoreWeave Stock a Buy Now?
Is CoreWeave Stock a Buy Now?

Yahoo

timean hour ago

  • Yahoo

Is CoreWeave Stock a Buy Now?

New AI stock CoreWeave had its initial public offering in March 2025. High demand for AI computing power led to CoreWeave's first-quarter sales soaring more than 400% year over year. The company anticipates sustained revenue growth, but CoreWeave faces financial risks, including operating at a loss. 10 stocks we like better than CoreWeave › Investing in today's stock market can be tricky given the volatile macroeconomic climate, fueled by the Trump administration's ever-shifting tariff policies. But the artificial intelligence sector remains a robust investment opportunity as organizations around the world race to build artificial intelligence (AI) capabilities. Consequently, AI stocks provide the potential for great gains. One example is CoreWeave (NASDAQ: CRWV). The company went public in March at $40 per share. Since then, CoreWeave stock soared to a 52-week high of $166.63 in June. This hot stock remains more than triple its IPO price at the time of this writing. Can it go higher? Evaluating whether now is the time to grab CoreWeave shares requires digging into the company and unpacking its potential as a good investment for the long haul. CoreWeave delivers cloud computing infrastructure to businesses hungry for more computing capacity for their AI systems. The company operates over 30 data centers housing servers and other hardware used by customers to train their AI and develop inference, which is an AI's ability to apply what it learned in training to real-world situations. AI juggernauts such as Microsoft, IBM, and OpenAI, the owner of ChatGPT, are among its roster of customers. The insatiable appetite for AI computing power propelled CoreWeave's business. The company's first-quarter revenue rose a whopping 420% year over year to $981.6 million. Sales growth shows no sign of slowing down. CoreWeave expects Q2 revenue to reach about $1.1 billion. That would represent a strong year-over-year increase of nearly 170% from the prior year's $395 million. The company signs long-term, committed contracts, and as a result, it has visibility into its future revenue potential. At the end of Q1, CoreWeave had amassed a revenue backlog of $25.9 billion, up 63% year over year thanks to a deal with OpenAI. The company forecasts 2025 full-year revenue to come in between $4.9 billion and $5.1 billion, a substantial jump up from 2024's $1.9 billion. Although CoreWeave has enjoyed massive sales success, there are some potential pitfalls with the company. For starters, it isn't profitable. Its Q1 operating expenses totaled $1 billion compared to revenue of $981.6 million, resulting in an operating loss of $27.5 million. Even worse, its costs are accelerating faster than sales, which means the company is moving further away from reaching profitability. CoreWeave's $1 billion in operating expenses represented a 487% increase over the prior year, eclipsing its 420% year-over-year revenue growth. Another area of concern is the company's significant debt load. CoreWeave exited Q1 with $18.8 billion in total liabilities on its balance sheet, and $8.7 billion of that was debt. To keep up with customer demand for computing power, CoreWeave has to spend on expanding and upgrading AI-optimized hardware, and that's not cheap. As it adds customers, the company must expand its data centers to keep pace. Debt is one way it's funding these capital expenditures. Among the risks of buying its stock, CoreWeave admitted, "Our substantial indebtedness could materially adversely affect our financial condition" and that the company "may still incur substantially more indebtedness in the future." In fact, its Q1 debt total of $8.7 billion was a 10% increase from the prior quarter's $7.9 billion in debt. Seeing an increase in both expenses and debt is a concern, but because CoreWeave is a newly public company, there's not much history to know how well it can manage its finances over the long term. Q1 is the only quarter of financial results it's released since its initial public offering. If subsequent quarters reveal a trend toward getting costs and debt under control while continuing to show strong sales growth, CoreWeave stock may prove to be a worthwhile investment over the long run. But for now, only investors with a high risk tolerance should consider buying shares. Even then, another consideration is CoreWeave's stock valuation. This can be assessed by comparing its price-to-sales (P/S) ratio to other AI companies, such as its customer and fellow cloud provider Microsoft and AI leader Nvidia. CoreWeave's share price surged over recent weeks, causing its P/S multiple to skyrocket past that of Nvidia and Microsoft. The valuation suggests CoreWeave stock is overpriced at this time. Although CoreWeave's sales are strong, given its pricey stock and shaky financials, the ideal approach is to put CoreWeave on your watch list. See how it performs over the next few quarters, and wait for its high valuation to drop before considering an investment. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Robert Izquierdo has positions in International Business Machines, Microsoft, and Nvidia. The Motley Fool has positions in and recommends International Business Machines, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Is CoreWeave Stock a Buy Now? was originally published by The Motley Fool Sign in to access your portfolio

Brain Song Announces Official Website Update Featuring Natural Daily Supplement for Focus and Cognitive Support
Brain Song Announces Official Website Update Featuring Natural Daily Supplement for Focus and Cognitive Support

Business Upturn

time2 hours ago

  • Business Upturn

Brain Song Announces Official Website Update Featuring Natural Daily Supplement for Focus and Cognitive Support

Wilmington, June 07, 2025 (GLOBE NEWSWIRE) — Brain Song, a digital wellness experience by Binaural Technologies, has updated its official website to showcase a breakthrough audio supplement designed to support clarity, focus, and memory in adults. Now available in the U.S., the newly enhanced platform introduces a 7-minute memory soundwave, offering individuals a natural, non-invasive method to optimize mental performance. According to the official product website ( The Brain Song is a daily-use audio program created to work in sync with the body's neural rhythms—helping listeners reduce mental clutter, improve presence, and feel more cognitively aligned. The new soundwave is positioned as a standalone digital ritual that can be accessed via mobile or desktop, without the need for pills, powders, or physical supplements. 'Our goal is to help people clear their minds and reconnect with focus—without ingesting anything,' said a spokesperson for Binaural Technologies. 'This audio experience reflects our vision for accessible, technology-driven wellness that's rooted in neuroscience and simplicity.' Binaural Technologies affirms that The Brain Song is engineered using advanced sound design principles, including entrainment techniques aligned with memory and concentration patterns. The platform aims to support common wellness goals like cognitive sharpness, calm attention, and improved daily rhythm. As noted on the product website, The Brain Song is backed by a satisfaction guarantee for new users. Full access instructions, FAQs, and purchasing details are now available on the updated site. About Brain Song The Brain Song is a digital wellness innovation from Binaural Technologies, a Delaware-based brand specializing in audio solutions for mental clarity and focus. Designed to support natural brainwave alignment and mindfulness, The Brain Song offers a simple, effective tool for adults seeking cognitive support through sound. Product and Contact Information Brand: Binaural Technologies – The Brain Song Website: Email: [email protected] Mailing Address: 2810 North Church Street, Wilmington, DE 19802, USA Disclaimer This release is for informational purposes only and does not constitute medical advice, diagnosis, or treatment. The statements made about this product have not been evaluated by the Food and Drug Administration. Individual results may vary. Consumers should consult a qualified healthcare provider before beginning any new health regimen. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store