The campaign, which went live at Noon EST, Nov. 9 on the leading crowdfunding website Wefunder, is the first time that shares in LPPFusion will be available to all investors. In previous equity rounds, sales of shares in the US were limited to accredited investors—those with more than $1 million in assets or $200,000 in annual income. However, under new SEC rules approved last year, through the crowdfunding campaign, all investors, accredited and non-accredited, US and non-US, will be able to buy shares. A previous crowdfunding effort by LPPFusion in 2014 on the Indiegogo website raised $180,000 in donations, before the new rule allowed equity (share) crowdfunding.
LPPFusion is a small New Jersey R and D firm with the ambitious goal of reaching and developing a new route to producing fusion energy, the energy that powers the sun. Their technology is called Focus Fusion.
New experimental results, published in the October issue of the leading peer-reviewed journal Physics of Plasmas, demonstrated the highest confined mean ion energy of any fusion experiment in the world, an ion energy equivalent to a temperature of over 2.5 billion degrees C. This is over 200 times hotter than the center of the sun.