LPP Fusion extended its Wefunder crowdfunding campaign to March 1, 2020, after completing its third financial audit, having raised $395,000 from 165 investors and needing only $5,000 more to reach its minimum goal.
LPPFusion is crowdfunding on Wefunder, having raised $336,000 of its $400,000 goal by January 2020, to support its development of fusion energy technology.
At a workshop in Warsaw, Poland, plasma focus researchers agreed that in large-current devices, fusion reactions are caused by hot ions confined and orbiting repeatedly, refuting the criticism that neutrons are produced by a beam-target process that would prevent net energy gain.
LPP Fusion reported progress in reducing oscillations in their FF-2B fusion device, achieving a 30% increase in fusion yield on October 21, 2019, compared to previous results, with the yield reaching 1/8 joule.
LPPFusion has started a subscription campaign to fund its fusion research, aiming to raise $30,000 per month, with current support totaling $400 monthly from 24 supporters.
LPP Fusion's research team investigated the causes of early current oscillations in their FF-2B fusion device, identifying asymmetric gas-to-plasma breakdown caused by specks on the anode and resonances in the external circuit, and took steps to mitigate these issues.
Senator Joe Pennachio introduced three bills into the New Jersey State Senate on August 26, 2019, to promote fusion energy research and industry development, including mandates for investment, eligibility for incentives, and the creation of a fusion technology commission.
LPPFusion announced a short-term capital campaign to raise $250,000 by October 1 to fund upgrades to their fusion device, and is also seeking an industrial partner to commercialize their X-Scan infrastructure scanning technology.
LPPFusion began experiments using beryllium electrodes in their plasma focus device FF-2B on June 4, 2019. The experiments achieved low impurities and a 60-fold increase in fusion yield, reaching 1/10th of a joule.
LPP Fusion assembled and upgraded its experimental device FF-2B over five months, including installing new beryllium electrodes, vacuum chambers, and safety measures, to prepare for fusion experiments.
LPP Fusion announced the start of the final assembly stage of their new device, involving the installation of beryllium electrodes, with plans to begin firing the device soon.
In 2018, LPP Fusion reported completing experiments with tungsten electrodes, confirming filament destruction, publishing cosmology results, securing over $950,000 in investments, receiving an EU patent, founding the Fusion Industry Association, and passing a financial audit.
LPP Fusion plans to increase fusion yield by reducing heavy-metal impurities in their plasma focus device, aiming to improve plasma density and fusion output based on previous experimental evidence linking impurities to lower yields.
LPP Fusion received high-purity proton-boron (p11B) fuel, specifically decaborane with 99.9999% purity and boron-11 isotope, at their New Jersey facility on December 22, 2018, for use in experiments later that year. The small amount of fuel, 93 grams, was produced in Russia and the Czech Republic and cost $56,000.
LPP Fusion's research team installed a new Axial Field Coil and upgraded switches in their fusion device, aiming to improve plasma spin control and measurement accuracy for their focus fusion experiments.
The LPP Fusion research team has begun re-assembling their Focus Fusion experimental device to conduct experiments with beryllium electrodes, planning for over 1,500 shots and potential use of hydrogen-boron fuel.
LPP Fusion received a new vacuum chamber with improved imaging capabilities, and assembly of beryllium electrodes into their experimental device is expected to begin within weeks, with experiments planned for September 2018.
Walter Rowntree and Laura Reynolds donated stocks worth approximately $330,000 to the Focus Fusion Society, with 85% allocated for a research grant to LPPFusion to support aneutronic fusion research.
LPP Fusion completed the first phase of laboratory upgrades, including installing a shielded Faraday cage to reduce electromagnetic noise for their fusion experiments involving beryllium electrodes.
LPPFusion's Wefunder equity crowdfunding campaign raised approximately $1.03 million from 451 investors, with $934,000 collected and $846,840 passed to the company after fees.
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