Microsoft signs power purchase deal with nuclear fusion company Helion

  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Private U.S. nuclear fusion company Helion Energy will provide Microsoft 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.

A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File Photowith 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.

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. One megawatt can supply up to about 1,000 U.S. homes on a typical day. While many fusion companies are looking to tritium, a rare hydrogen isotope, to help fuel reactions, Helion plans to use Helium 3, a rare type of the gas used in quantum computing.

The companies did not disclose financial or timing details of the power purchase agreement, or which Microsoft facilities would get fusion-generated electricity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech layoffs: Microsoft-owned LinkedIn cuts over 700 jobs, shuts down China app InCareerThe company cited ‘shifts in customer behavior and slower revenue growth’ as the primary reasons for the layoffs. Find out more at 🚀 engineering interestingengineering
Source: IntEngineering - 🏆 287. / 63 Read more »