October 11, 2020 | technology | No Comments
In 2014, Lockheed Martin (NYSE:LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online “in as little as ten years.” Five years later, Lockheed confirmed that it is still working on the project — but had made very little progress in nuclear fusion energy.
Now it sounds like MIT may beat them to it.
The SPARC of an idea
On the opposite side of the country from the fabled Skunk Works, which is working on LockMart’s version of the reactor, scientists at the Massachusetts Institute of Technology Plasma Science and Fusion Center are working on a compact fusion reactor of their own, reports The New York Times. Within the next three to four years, working in cooperation with a company spun off from MIT in 2017 to commercialize the idea, “Commonwealth Fusion Systems LLC,” MIT hopes to have a