The Urgent Need
The World's Urgent Need
Consumption of fossil fuels has increased nearly 8 fold in 60 years.
Total global energy consumption is projected to increase from 15 TW in 2004 to more than 20 TW by 2030.
• Fossil fuel resources are finite and peaking.
Global oil resources are projected to peak between 2010 and 2015.
Worldwide coal production is projected to peak in the 2020 – 2040 timeframe.
• Current alternative energy sources (e.g., wind, solar, hydro, biomass, nuclear, etc.) cannot reasonably fill the projected energy demand-supply gap.
• Finding a new, sustainable and clean source of very large base load energy is critical to the preservation of society as we know it today.