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Commercialization plan for a fusion energy start-up

Author: Donald Stoulil
Requested Type: Poster Only
Submitted: 2009-12-06 22:06:24

Co-authors: S. Woodruff

Contact Info:
Woodruff Scientific Inc
4501 Shilshole Ave NW
Seattle, WA   98107
USA

Abstract Text:
The primary goal for Woodruff Scientific, Inc. is to develop a commercially feasible fusion power core and associated intellectual property and then to market this technology. Our plans anticipate commercialization of the modular 50-500MW Fusion-ICE [1] power core in three phases over a 10-15 year period. The first phase will consist of completing our buildup and access to scientific, industry, and business resources along with the technological goal of achieving a proof of concept within a 3 to 5 year horizon with a total budget of less than $20 million. The second phase will focus on the development of a commercially viable prototype over an additional 3 to 5 years. The third phase will lead to initial commercial application to compete in the emerging small-scale nuclear market (see e.g. the mPower concept [2]).
Financial resources to fund the development effort will be acquired through a variety of sources including research grants, development and marketing of intellectual property rights, revenues associated with spinoff technologies, marketing of research and testing services, and partnering arrangements in additions to equity funding. The anticipated sources of this funding during each development phase are as follows.
During the first phase of development, WSI intends to continue its current practice of participating in government funded research activities utilizing research grants from DOE and other government agencies. Efforts have begun and will continue to establish protection for intellectual property with a goal of generating a revenue stream beginning in mid 2011. We will also seek collaboration and partnering opportunities as a source of funding, technical resources, and risk sharing. The balance of phase one funding is expected to be provided by equity investment.
Funding for the second phase of development will emphasize increasing revenue streams from partnering arrangements, intellectual property sources, and spin off technologies in order to reduce reliance on additional equity financing and provide potential opportunities for initial returns to equity investors. This phase will also provide an opportunity to seek partnering opportunities with potential customers and suppliers who may be willing to provide seed money in exchange for favorable business arrangements upon commercial introduction of the technology.
In phase three, the focus will be on developing marketing channels, supply infrastructure, and production facilities. WSI intends to provide technology oversight and utilize production partners to manage actual production and delivery. Revenue generating activities are expected to provide any funding required from WSI during this phase.

[1] S. Woodruff – This meeting
[2] http://www.babcock.com/products/modular_nuclear/
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Work supported by Department of Energy under SBIR subcontract numbers DE-FG02-06ER84449 and DE-FG02-07ER84924.

Characterization: A1,A3

Comments:
Please group with Woodruff Scientific posters:
1. Woodruff
2. Mattor
3. Baerny
4. Stoulil