Innovating Fusion Energy Solutions
Guggenheim Family Legacy – The Business of Tomorrow * New Website Coming Soon *
About Guggenheim Brothers Fusion Initiative
Understanding our Fusion Initiative
The Guggenheim Brothers Fusion Initiative (“GBFI” the “Initiative”) was established to finance and support the work of our National Laboratories, selected Universities and qualified private sector collaborators in successfully commercializing fusion energy power generation. We are not in the business of buying real estate, building multimillion dollar facilities or hiring scores of employees who seek to duplicate what has already been done.
We are in the business of identifying and engaging the most talented people, supporting the unmatched value of creativity, and having the will to succeed. This is the business of tomorrow, weaving the very fabric of American life, and again catapulting the nation into the future.
As a private, non-governmental entity, our Initiative does not need and is not asking for government grants, loans, or guarantees. The Initiative is about how to achieve commercial fusion power, by bringing together the right combination of insight, effort, and coordination to expedite the rapid development and deployment of the four (4) key areas needed to deliver fusion-based power plants.
(i) The Technology Readiness Level (“TRL”) (ii) The Manufacturing Readiness Level (“MRL”) (iii) The Balance of Plant (“BOP”) adaptations and (iv) Project Financing and Construction
Guggenheim Family Legacy – The Business of Tomorrow
The Guggenheim Family, dating back in the United States to the mid -1800s, remains as one of the most successful entrepreneurial families in the World. In 1905 Patriarch Meyer Guggenheim’s seven sons formed Guggenheim Brothers, which played a leading role in the US mining industry with control of American Smelting and Refining.
The Family then supported Robert Goddard’s work in rocketry and was instrumental in pioneering the "air age" by sponsoring Lindberg’s tour of America in 1927 and Lt. James Doolittle’s 1929 “first blind takeoff and landing flight” equipped with specially designed radio and aeronautical instrumentation developed by the Guggenheim Aeronautical Laboratory at the California Institute of Technology.
In 2000, at the turn of the third Millenium, Guggenheim’s Patriarch - direct heir, (Peter Lawson-Johnston II) launched one of the most respected, modern-day, financial institutions in the world today, known as Guggenheim Partners.
The Family may be best known, however, for gifting the world with some of the most admired, treasured, and famous art galleries, the Guggenheim Museums and Foundations worldwide.
About Guggenheim Brothers Fusion Initiative
