DTN 026: The quest for enhanced geothermal is heating up in the US

The Big Picture

A Vast Untapped Green Energy Source Is Hiding Beneath Your Feet

“Since 2018, Moore has led a $220 million bet by the US Department of Energy (DOE), called FORGE, or the Frontier Observatory for Research in Geothermal Energy, that this heat can be harnessed to produce electricity in most parts of the world. Geothermal energy is today a rare resource, tapped only in places where the crust has cracked a little and heat mingles with groundwater, producing hot springs or geysers that can power electricity-generating turbines. Such watery hot spots are rare, yet there’s hot rock everywhere, if you drill deep enough. Moore’s project is trying to create an “enhanced” geothermal system, or EGS, by reaching hot, dense rock like granite, cracking it open to form a reservoir, and then pumping in water to soak up heat. The water is then drawn up through a second well, emerging a few hundred degrees hotter than it was before: an artificial hot spring that can drive steam turbines. That design can sound straightforward, plumbing water from point A to point B, but despite a half-century of work, the complexities of engineering and geology have meant no one has managed to make EGS work at practical scale—yet.” (WIRED)

The Illusion of AI’s Existential Risk

“Extinction from a rogue AI is an extremely unlikely scenario that depends on dubious assumptions about the long-term evolution of life, intelligence, technology and society. It is also an unlikely scenario because of the many physical limits and constraints a superintelligent AI system would need to overcome before it could “go rogue” in such a way. There are multiple natural checkpoints where researchers can help mitigate existential AI risk by addressing tangible and pressing challenges without explicitly making existential risk a global priority.” (Noema Magazine)

TSMC delays U.S. chip plant start to 2025 due to labor shortages

“Taiwan Semiconductor Manufacturing Co. said it will push back the start of mass production at its plant in Arizona to 2025 due to a shortage of skilled workers and technicians needed to move equipment into the facility. TSMC Chairman Mark Liu said the world's biggest contract chipmaker is entering a critical phase of handling and installing some of the "most advanced equipment" at the plant, its advanced first chip facility in the U.S. in more than 20 years. Mass production was previously slated to begin late next year.” (Nikkei)

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Deep Tech News

• Cruise starts initial robotaxi testing in Miami
• AI Loses Its Mind After Being Trained on AI-Generated Data
• NASA enters ‘home stretch’ to reach golden asteroid
• A Novel Type of Neural Network Comes to the Aid of Big Physics
• This company plans to transplant pig hearts into babies next year
• Robotic Bees Could Support Vertical Farms Today and Astronauts Tomorrow
• NASA's first new wind tunnel in 40 years will turn science fiction to fact
• Quantum Computers Can Now Interface With Power Grid Equipment
• Bill Gates Is Backing A Secret Startup Drilling For Limitless Clean Energy

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Peer Review

• A novel solid, rechargeable air battery
• Medicine is plagued by untrustworthy clinical trials
• A solid-state quantum microscope that controls the wave functions of atomic quantum dots in silicon
• When ET calls, can we be sure we're not being spoofed?
• Proposed metamaterial could have a wide range of applications, from sensing to stealth technology
• Underwater mass spectrometer developed for deep sea exploration
• 'Stunning' discovery: Metals can heal themselves
• We could get large amounts of water from the moon by directing the sun at it
• Unlocking the power of molecular crystals: A possible solution to nuclear waste

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Funding x M&A

• Futureverse raises $54M to marry AI and the metaverse
• Neura Robotics picks up $55M to ramp up in cognitive robotics
• Beijing robotics firm ForwardX’s Series C hits $61 million
• Polychain Capital raises $200 million for fourth fund
• Coinfund Raises $158 Million to Boost Early-Stage Crypto, AI Startups
• ZK Virtual Machine Developer RISC Zero Raises $40M in Series A
• Polygon and Solana Foundation lead $30 million seed round for web3 data transfer startu[p Cosmic Wire
• Aeroseal, a climate tech startup, raised a $67M Series B
• Energy Dome, a startup building a CO2 battery, raised a $60M Series B
• EpiBiologics, a startup developing an antibody-based protein degradation platform, raised a $23M Series A
• Robotics startup Botinkit raised a $13M Series A
• 3D BioFibR, a biomaterials startup for tissue engineering, raised a $3.5M seed round

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Miscellanea

WormGPT: The Generative AI Tool Cybercriminals Are Using / Hundreds of drones plunge into Yarra River after malfunction / Human-Powered Air-Compressor and Energy Storage System / The Tantalizing, Lonely Search for Alien Life / Wikipedia-grounded chatbot “outperforms all baselines” on factual accuracy / AI-Generated South Park / Space material found on a beach in Western Australia / Vacuum Airship / The Moon Landing Was Opposed by Majority of US

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