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It's not a bad idea, it's certainly an easier play than economic fusion reactors. But I wouldn't invest, Lerner tends to overpromise. Heh, I wonder if their timeline still has them at net power last year?
Yes, they had all sorts of problems. At least we all know what they are, because they are talking about it rather openly. Still would not invest in it either, but I do feel a strong liking for both Lerner and the device. So I wish them lots of luck and enjoy reading their updates.
Well, then there should be even less reasons why Helions device should not work, right? If even Art, who allegedly sees problems that are not there, cant see any problems, then it has to be goodHeh. Yes, he was so good at it, he spotted all kinds of problems that don't even exist in non-LTE devices, much like what happened in his original FRC objections in Science Mag.

Well Slough says that he only needs 3 years, or less and I would believe him. He already has a device that does give a rather high (still below 1) Q, he "just" has to scale it up to proof net power.Expert predictions of this sort have a very poor track record generally, so I expect outside of obvious and noncontroversial physical objections, only empiricism will decide a winner -- and the most likely outcome is that in 10 years we're still waiting for that checkered flag.
His current device has very good experimental results that do show that he has a good chance of success. I actually think that he is underpromising.
I still would not invest, unless I had a lot of money that it would not matter whether I loose it on a punt like that.
IMHO Bill Gates or some other billionare like him would fit that sort of investor.
Paul Allen invested in Tri Alpha and they are not as far as Slough from what we all know (as little as it is).
That said, I really hope that Slough gets the funding. He is very realistic with his expectations and he does have a plan B (fusion- fission- hybrid for energy and for burning nuclear waste).
Edit: I want to add one more thing about Helions plans:
Even if they overestimated/overpromised on the scaling laws. The projected size of their device is still so small that they could easily scale it up again to reach a reasonable Q.