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☆ CNBC's Inside India newsletter: What's next for India's regulators?
▼ + stars: | 2024-05-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Instead, there's been a flurry of activity this month at a number of regulators across India's financial system. That frightened bank investors and immediately knocked off more than 3% from the India Nifty PSU Bank index. "RBI has been tightening the screws," Rajeev Agrawal, hedge fund manager and managing partner at DoorDarshi India Fund, told CNBC's Inside India. We also had hedge fund manager Andrew Holland, who spoke on India's infrastructure projects and the outlook for the country's economy.

Persons: Niharika Kulkarni, there's, Nirmala Sitharaman, SEBI, Rajeev Agrawal, Agrawal, Shailendra Singh, India's, they've, Dinesh Kumar Khara, Andrew Holland, Sri Jegarajah Organizations: Reserve Bank of, Global, Securities and Exchange Board of India, Reserve Bank of India, Futures Industry Association, Bombay Stock Exchange, Reuters, India Nifty, DoorDarshi India Fund, Peak XV Partners, Sequoia Capital, CNBC, CNBC Pro, U.S ., State Bank of India, U.S . Federal Reserve, Center Locations: Reserve Bank of India, Mumbai, India, Sequoia, Sequoia Capital India, Southeast Asia, Maldives, Sri Lanka, Sri, Japan, Indian, Chennai

☆ India's infrastructure spending will have a multiplier effect across industries: Hedge fund manager
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's infrastructure spending will have a multiplier effect across industries: Hedge fund managerAndrew Holland of Avendus Capital Public Markets Alternate Strategies discusses India's infrastructure projects and the outlook for the country's economy.

Persons: Andrew Holland Organizations: Avendus Capital

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

☆ Commonwealth Fusion has raised $2 billion to make energy like the sun and stars — here's a look inside
▼ + stars: | 2023-06-08 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

Bob Mumgaard, the CEO of Commonwealth Fusion Systems Photo courtesy Commonwealth Fusion SystemsYou don't need to be a nuclear physicist to follow this race. The Commonwealth Fusion Systems campus in headquartered in Devens, Mass., which is between 35 and 40 miles outside of downtown Boston. The 50-acre campus is where Commonwealth Fusion System's corporate headquarters, advanced manufacturing facility and demonstration fusion device are all located. What it looks like to spend $2 billion to build a fusion machineIn the race to deliver fusion, Commonwealth is a frontrunner. The Commonwealth Fusion Systems' SPARC facility under construction in Devens, Mass.

Persons: Cat Clifford, Mumgaard, Wright, Bob Mumgaard, We've, haven't, Andrew Holland, Brandon Sorbom, Sorbom, Ally Yost, Yost, Alex Creely Organizations: Commonwealth Fusion Systems, CNBC, Commonwealth Fusion, United, Commonwealth, Fusion Industry Association, SPARC, ARC, Boeing Locations: Devens , Mass, Boston, Germany, Fukushima, Commonwealth

☆ First nuclear fusion plants to need $7 bln supply chain -survey
▼ + stars: | 2023-05-17 | by ( Timothy Gardner | ) www.reuters.com time to read: +2 min

Looking to master the fusion process using lasers or magnets, private companies and government labs spent $500 million on their supply chains last year, according to the Fusion Industry Association (FIA) survey. Andrew Holland, the head of FIA, said there is little concern about geopolitical supply risk in the supply chain as no critical parts or materials face global supply shortfalls or come only from unstable countries. "The biggest challenge honestly is just scale," Holland said. "We want to make sure the supply chain companies are aware that fusion is coming so they can make the investments to scale up." While there is a global lack of tritium, a fuel that many companies plan to use to fire fusion plants, Holland said that is not a concern because the companies plan to breed tritium in the fusion plants with the use of lithium.

☆ Microsoft to buy power from nuclear fusion company Helion
▼ + stars: | 2023-05-10 | by ( Timothy Gardner | ) www.reuters.com time to read: +3 min

WASHINGTON, May 10 (Reuters) - Private U.S. nuclear fusion company Helion Energy will provide Microsoft (MSFT.O) with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to generate power from fusion, which could one day help the world slash emissions linked to climate change. Helion's plant is expected to be online by 2028 and will target power generation of 50 megawatts or greater after a one-year ramp up period, it said. Polaris, Helion's seventh generation machine, should come online next year and demonstrate electricity generation, using a mix of laser and magnet technologies to achieve fusion, Kirtley said. In 2021, Helion was the first private company to achieve 100 million degrees Celsius and the optimum temperature is about twice that, Kirtley said.

☆ Microsoft agrees to buy electricity generated from Sam Altman-backed fusion company Helion in 2028
▼ + stars: | 2023-05-10 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

Photo courtesy HelionMicrosoft said Wednesday it has signed a power purchase agreement with nuclear fusion startup Helion Energy to buy electricity from it in 2028. "This is the first time that I know of that a company has a power purchase agreement signed," Holland told CNBC. The potential of fusion is "unbelievably huge," Altman told CNBC. As of Tuesday, this is still his largest investment ever, Altman told CNBC. Carbon-free energy includes hydro, nuclear and renewables for Microsoft, a Microsoft spokesperson told CNBC.

☆ Nuclear fusion will not be regulated the same way as nuclear fission — a big win for the fusion industry
▼ + stars: | 2023-04-20 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

The top regulatory agency for nuclear materials safety in the U.S. voted unanimously to regulate the burgeoning fusion industry differently than the nuclear fission industry, and fusion startups are celebrating that as a major win. As a result, some provisions specific to fission reactors, like requiring funding to cover claims from nuclear meltdowns, won't apply to fusion plants. Other differences include looser requirements around foreign ownership of nuclear fusion plants, and the dispensing of mandatory hearings at the federal level during the licensing process, Holland said. The electricity generated by nuclear fission is considered clean energy by the U.S. Department of Energy because it generates no greenhouse gas emissions. And these reactors deliver massive quantities of power: Half of the carbon-free energy generated in the U.S. comes from nuclear fission reactors.

☆ Nuclear fusion breakthrough: Scientists generate more power than used to create reaction
▼ + stars: | 2022-12-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

Fusion is the way that the sun makes power, but recreating a useful fusion reaction here on earth has eluded scientists for decades. The National Ignition Facility target chamber at the Lawrence Livermore National Laboratory is where scientists shoot lasers and watch and measure what happens when those lasers collide on a fuel source. Reaching ignition means the fusion experiment produced more energy from fusion than the laser energy that used to drive the reaction. "For the first time on Earth, scientists have confirmed a fusion energy experiment released more power than it takes to initiate, proving the physical basis for fusion energy. But it's proven extremely challenging to sustain a fusion reaction here on earth, and scientists have been trying for decades.

☆ Why Silicon Valley is so hot on nuclear energy and what it means for the industry
▼ + stars: | 2022-12-02 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +13 min

Pallava Bagla | Corbis News | Getty ImagesVenture capitalists in Silicon Valley and other tech hubs are investing money in nuclear energy for the first time in history. This surge of private investment will be a positive for the industry, agrees John Parsons, an economist and lecturer at MIT. Nuclear energy is "a very complex science, and it's been supported by the federal government and at these national labs. In the 1960s and 1970s, large conglomerates constructed big nuclear power plants, and those projects often ran over budget. New generations of nuclear reactors will have different sizes, different coolants and different fuels, explained Matt Crozat, senior director of policy development at the Nuclear Energy Institute.

☆ Feds commit $50 million to for-profit nuclear fusion companies, chasing the 'holy grail' of clean energy
▼ + stars: | 2022-09-26 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

The United States government is putting money behind private-sector nuclear fusion companies for the first time, and that's an indication of how momentum is building behind the "holy grail" of clean energy. At the Global Clean Energy Action Forum in Pittsburgh on Thursday, the Department of Energy officially announced $50 million will go towards private fusion companies in public-private partnerships. Nuclear fusion is when two heavier atoms slam together to form a heavier atom, and is the way stars are powered. But it will help bolster U.S fusion companies and give them credibility. The private sector fusion industry has attracted almost $5 billion in venture and other funding according to the Fusion Industry Association.

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