Arthur J. Samberg is a retired executive who previously headed Pequot Capital Management as founder and chief executive officer. Though officially retired, Art Samberg still works in investment management, operating Hawkes Financial, LLC, his family office entity, out of Katonah, New York. Art Samberg is also a current investor and Chairman of the Board of a fusion energy company called TriAlpha Energy, Inc.
In recent years, the United States has seen a strong push for alternative energy sources. Fusion energy is one such source that gained traction as a viable option. Fusion energy is the power produced through nuclear fusion—that is, energy created through the fusing of two lighter atomic nuclei to form a heavier nucleus.
The allure of fusion energy lies in the idea that it may be possible to create a large-scale sustainable energy source. This is appealing for a number of reasons, most notably the reduced need for oil drilling, which can benefit the environment and possibly lower costs for energy, as a sustainable resource should have greater efficiency and cost less to maintain.
Recent articles in Time magazine, Business Review Australia, and the Huffington Post note new evolutions in fusion technology, such as small reactors, and various ongoing fusion projects, such as International Thermonuclear Experimental Reactor. These new technologies and projects move the idea of fusion power forward, but many analysts still believe that fusion power as a sustainable energy source is years, if not decades, in the future.
At the same time, large private investors are placing money in these ventures, which should help accelerate the realization of a working and sustainable large-scale fusion power source.