A major goal of the Paris Climate Agreement is to limit global warming to less than 1.5 degrees this century. In order to do this, it is projected that the world needs to cut greenhouse gas emissions by half or more by 2030. It is clear that we need cleaner sources of energy that can also meet the growing energy demand. Close to a billion people around the world still don’t have electricity, and many more only have intermittent power. Furthermore, by the end of the century, the worldwide demand for energy is projected to increase fourfold. To meet demand without driving up global temperatures, we need clean, renewable sources of 24/7 baseload energy that can be scaled up. Fusion is ideal for this, as the fuels (tritium and lithium) are found in regular seawater and there is enough to last 30 million years.
Worldwide, investments in fusion systems are growing fast. The U.S. is investing in fusion as the ultimate long-term solution. The Department of Energy currently spends about $500-670 million per year in funding fusion energy development, while around $2 billion has been spent funding private fusion companies. Many advancements have been made in fusion and it could only be a matter of years before net energy gain infusion is achieved. ITER is coming online in 2025, while US Nuclear’s partner is projected to achieve net energy gain when their 10 MegaAmp fusion device is built and tested.
Overhoff Technology has been involved in fusion development from the very beginning. It specializes in manufacturing the tritium monitoring equipment needed for fusion power prototypes and experiments (JET, ITER, etc.) Overhoff has an outstanding reputation as the premier tritium monitor manufacturer and is well-positioned to capture the surging demand for tritium monitoring instrumentation in fusion power plants around the world.
To learn more about Overhoff’s products visit: http://www.overhoff.com.
Safe Harbor Act
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at http://www.usnuclearcorp.com
CONTACT:
US Nuclear Corp. (UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com