Race On for Breakthroughs in Non-Fossil Energy; Gold Hydrogen Among Most Promising
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The race to develop non-fossil energy technology is heating up, especially in nuclear power. Firms aim to build modular reactors; startups claim prototype fusion reactors within years.
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Other possibilities solar power satellites, advanced geothermal, and "gold" hydrogen deposits. Seemingly far-fetched but perhaps more realistic than new nuclear.
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Gold hydrogen explores natural underground deposits, sells into existing markets, estimated to be cost competitive. Size and locations of deposits still uncertain.
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Solar satellites and advanced geothermal have unlimited potential but costs currently too high, timing uncertain. Gold hydrogen has clearer cost and timing estimates.
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All require strong, robust electric grid to carry product to market, except hydrogen which can use existing infrastructure. Grid requires more investment.