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Resilient Clean Energy
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* M.R. Lapointe et al., “Gradient Field Imploding Liner Fusion Propulsion System,” NASA Innovative Advanced Concepts Phase I Final Report, NASA/TP-2018-219996. https://ntrs.nasa.gov/api/citations/20180006825/downloads/20180006825.pdf?attachment=true
Reasons to Invest
- Team of experienced scientists pursuing fusion energy technology that is simple, modular, scalable and flexible.
- Global market for electricity is $2.6 trillion. The rapid penetration of electric vehicles is expected to push that number even higher.
- Fusion energy could replace all fossil and renewable power generation and substantially reduce the global emissions of CO2.
Overview
Randel Roy, CEO of NearStar Fusion Inc., currently splits his time between two additional roles. Mr. Roy is not currently paid a salary for his role at NearStar Fusion Inc. but holds equity in the Company. He plans to transition to a full-time basis at NearStar Fusion Inc. upon the completion of the Reg CF offering. The Company anticipates paying Mr. Roy a salary only if it raises enough money to pay for the R&D required to achieve its primary research objective.
Delivering on the Promise of Fusion
NearStar Fusion is developing a new, pulsed approach to fusion energy with the goal of powering the globe with clean, compact resilient energy.
THE PROBLEM
Plasma is the Challenge
Fusion energy has long been promised as the ultimate, unlimited clean energy technology for the planet. However, reliably forming and controlling plasma to drive a successful fusion reaction is difficult and expensive. Plasma is the critical component of a fusion power plant, but a burning fusion plasma is extremely difficult to produce, maintain, and safely control in a steady state. It is a complex startup process that also requires high parasitic power requirements.
*The image above is an example of prototype experimental plasma hardware we have previously developed for other fusion R&D projects. The HGFF fusion power plant concept is currently under development.
THE SOLUTION
The Proof is in the Plasma
NearStar Fusion is developing a power plant design with the goal of producing plasma consistently by leveraging successful plasma research using commercial technologies and a simplified design.
Hypervelocity Gradient Field Fusion (HGFF) is driven by a proprietary hypervelocity fusion fuel launcher to increase power plant reliability and overall efficiency. HGFF is a pulsed fusion energy approach which does not require complex plasma containment and control equipment.
* The image above is an example of prototype experimental plasma hardware we have previously developed for other fusion R&D projects. The HGFF fusion power plant concept is currently under development.
First generation NearStar Fusion power plants will initially be fueled by deuterium-tritium (DT) fuel, the easiest fusion fuel to burn. Deuterium is readily obtained from seawater, while tritium can be produced as a byproduct of fusion power plant operations. The modularity of the power plant design will enable scaling and low-cost next generation performance upgrades. These upgrades are intended to allow use of advanced fusion fuels which would dramatically reduce the operational and maintenance costs of HGFF power plants.
THE MARKET
Tapping into an Annual $2.6 Trillion Electricity Market
The global market for electricity is a whopping $2.6 trillion (Source). The rapid penetration of electric vehicles is expected to push that number even higher. (Source)
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While there are other companies dedicated to achieving practical fusion energy, many approaches require the development of advanced materials and new technologies, which present significant technical challenges. With our simple and robust HGFF power plant concept, we believe we will be able to avoid many of the technical challenges faced by our competition.
* The image above is an example of prototype experimental plasma hardware we have previously developed for other fusion R&D projects. The HGFF fusion power plant concept is currently under development.
OUR TRACTION
Our Team has Previously been Funded by the Department of Energy, ARPA-E and NASA
NearStar Fusion Inc. is a new, separate company spun out of HyperJet Fusion Corporation with the same team members. Since 2004 starting with the company HyperV Technologies Corp. our team has received over $18 million in non-dilutive funding from the U.S. Department of Energy, NASA and the Advanced Research Projects Agency for Energy (ARPA-E).
*Note: To date our institutional research teammates have included Los Alamos National Laboratory, University of Alabama at Huntsville, University of New Mexico, University of Maryland and University of California Davis.
Funding from the U.S. Department of Energy, ARPA-E and NASA has supported the development of advanced plasma guns for use in fusion energy research and development, computational modeling, plasma diagnostics and plasma production of precision metal powders.
NearStar Fusion Inc. is a member of the Fusion Industry Association.
*Images used in these videos are in the prototype stage. The fusion power plant concept is currently under development and not yet available.
*The information included above is forward looking information and is dependent on future funding availability and early success in achieving technical milestones. Please refer to our risk factors section in our Form C and to our Forward Looking Information Legend included in our Terms section on this page.
WHY INVEST
Clean Energy is within Reach
Fusion energy startups have drawn investment dollars from billionaires like Jeff Bezos, Bill Gates and Peter Thiel, raising over $2.5 billion in 2021. (Source, Source) NearStar has assembled a highly-skilled team with a track record of success and decades of experience in design, rapid prototyping and experimentation.
A clean alternative to fossil fuels is critical for the expansion of an energy rich flourishing civilization. Fusion energy can play an important role in solving our many pollution problems.
*This is a computer generated image. The fusion power plant concept is currently under development.
TEAM SECTION
The Team
ABOUT
HEADQUARTERS
13935 Willard Road
Chantilly , VA 20151
WEBSITE
View Site
TERMS
NearStar Fusion
Overview
PRICE PER SHARE
$10
DEADLINE
Jun. 18, 2022 at 6:59 AM UTC
VALUATION
$11M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$300
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
1,000
MAX NUMBER OF SHARES OFFERED
107,000
OFFERING TYPE
Equity
SHARES OFFERED
Common with a voting proxy
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 72 hours and receive additional 20% bonus shares
Super-Duper Early Bird Bonus
Invest within the next 72 hours and receive additional 15% bonus shares
Super Early Bird Bonus
Invest within the next 7 days and receive an additional 10% bonus shares
Early Bird Bonus
Invest within the next 14 days and receive an additional 5% bonus shares
Amount-Based Perks:
$5,000+ | Bronze Tier
Invest $5,000+ and receive additional 2% bonus shares.
$10,000+ | Silver Tier
Invest $10,000+ and receive additional 5% bonus shares.
$20,000+ | Gold Tier
Invest $20,000+ and receive additional 10% bonus shares.
$50,000+ | Platinum Tier
Invest $50,000+ and receive additional 15% bonus shares.
*All perks occur when the offering is completed.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for, with the exception of “audience-based” bonuses.
If a company offers an “audience-based” bonus, this bonus only will stack with any other bonus you are eligible for. An “audience-based” bonus is a bonus that is available to a qualified group of investors based on campaign-specific criteria - such as previous investors, existing customers, or Testing-the-Waters (TTW) reservation holders. An issuer can only offer a single audience-based bonus.
For example, a 10% audience-based bonus (i.e. prior investors) + a 10% OWNer’s bonus would receive an aggregate of 20% bonus shares.
The 10% StartEngine Owners' Bonus
NearStar Fusion Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $10.00 per share, you will receive 110 Common Stock, meaning you'll own 110 shares for $1,000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
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$5,000
Bronze Tier
Invest $5,000+ and receive additional 2% bonus shares
$10,000
Silver Tier
Invest $10,000+ and receive additional 5% bonus shares
$20,000
Gold Tier
Invest $20,000+ and receive additional 10% bonus shares
$50,000
Platinum Tier
Invest $50,000+ and receive additional 15% bonus shares
JOIN THE DISCUSSION
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Kenneth Smith
3 years ago
Kip Siegel was doing this back in the '70s, but never got to breakeven. But the field is crowded now. Both Lockheed and an MIT-based venture are in the market, and they seem to be ahead. Nuclear-Fusion Reactor in UK Smashes Energy Record in Ambitious Power Bid, ‘Really, Really Impressive’, https://www.goodnewsnetwork.org/jet-fusion-reactor-uk-sets-energy-record-with-deuterium-and-tritium/, America's First Nuclear Fusion Reactor Could Go Online in 2025, https://www.fool.com/investing/2020/10/11/americas-first-nuclear-fusion-reactor-online-2025/, This tiny fusion reactor is made out of commercially available parts, https://www.canarymedia.com/articles/nuclear/this-tiny-fusion-reactor-is-made-out-of-commercially-available-parts. How do you plan to beat them to market, and will your LCOE be reasonably competitive?
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Leonardo Lee
3 years ago
Hello. According to your timeline, it will be at least 10 years before you start generating income, correct? Once you do, what are your revenue goals for the first 5 years? I just want to have an idea of your income potential. Thanks.
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Steven Marks
3 years ago
I think that everyone either is or should be very excited about the prospect of fusion energy! I have a very limited understanding of what you are attempting to accomplish, but my basic conclusion is that you hope to create a more efficient and less complex design compared to other designs that are much further along in R&D and funding. My question is about additional funding rounds you would need in the future to continue development. How far would 50% of your maximum goal sustain you? And what catalysts do you feel you might attain to generate future interest and funding?
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Jeffrey Woodall
3 years ago
Where do the fuel pellets come from? Have to constantly feed it - would that be economical? I like the ingenious concept but it seems too much fuel is required to make this concept economical.
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Ozzy Akay
3 years ago
Congratulations on the funding round & achieving more than $50K in less than a week. Also, thank you very much for giving us individual investors an opportunity to be a part of your journey at a fair & an attractive valuation. I am aware of another fusion startup (LPPFusion) who recently completed a financing round at another crowdfunding platform. I don't have the domain knowledge to be able to compare the differences in approaches between the two companies. However, I'd like to ask where you are in terms of delivering a viable commercial product with respect to other firm(s). While there could be multiple winners in this space, the leading company may potentially reap larger economic profits from an innovative solution. Thanks in advance for your time & response.
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john Brown
3 years ago
I am fully confident of your railgun technology's ability to provide acceleration. Indeed, the railgun is an elegant method of adding energy to your fuel. The vessel where the fusion occurs with liquid salt flowing through it, strikes me as an extremely hostile operating environment. 1 What stage is your engineering for the magnetic coil which will compress the fuel to spark fusion? This seems to be a significant engineering bottleneck and it's not clear that your team has the skills to design and build such a device. 2 Your presentation mentions adoption of other more efficient and economical fuels than deuterium and tritium. What are these alternatives? Are you considering a carbon cycle fusion?
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Sam Salemnia
3 years ago
can you please let us know how much energy it takes to produce energy? What is the surplus? do you have any patents?
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Kirtson Thompson
3 years ago
I am always skeptical when I hear of fusion reactors and this is no exception. My questions: 1. Where does the starting energy come from to initiate the fusion reaction? 2. How much energy do you put in at the start to fire the Hydrogen/Heavy Hydrogen capsule? 3. How much energy do you produce from each capsule cycle? 4. Given that the advanced economies are moving away from fusion reactors (Germany most notably) where will you get a continuous supply of Heavy Hydrogen as a fuel source? 5. It seems to me that a fusion reactor as a propulsion source will still work according to Newtonian principles (to move forward you must leave something behind or action/reaction). This then becomes just as limited as chemical fuels we have today, not so?
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Brian Vinci
2 years ago
How has recent news of fusion breakthroughs impacted NearStar's vision or working model?
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