NanoFibre anounces consortium to build generator in space along with a space elevator

NanoFibre inc. a leading producer of carbon "Bucky" tubes announced it has found partners for a consortium to construct a space elevator with a giant generator as a counterweight.  The partners include Boeing, Bechtel, and Halliburton.

The space elevator-generator will use NanoFibre's ultraBuck TM ultra long carbon nanotubes to make a cable from an anchor in Ecuador to the generator located in space 30,000 miles above the equator. At about 26,000 miles will be a docking point for spacecraft making it incredibly easy to put space craft into geosynchronous orbit.

In 2015 NanoFibre announced an economically viable process for the manufacture of carbon nanotubes of unlimited length.  So far these fibers have only been used in the manufacture of high end sporting goods.  NanoFibre proposed the space elevator -generator in October as a larger market for this leading edge material.

The generator out at 30,000 miles will use loops of superconducting wires to intersect the earth's magnetic field.  The spinning of the earth will push these wires through the bow-shock region where solar wind distorts the earth's magnetic field.  There will be two peaks of generated power per day of up to 1.2 terra-watts. One peak occurs in the morning as the coils approach bow-shock.  The afternoon peak occurs as the coils move away from the bow-shock region.

Spokesperson and NanFibre's VP of marketing Toro Pluma stated "This will give us 3,000 years of free energy.   North and South America will never need to import oil from the middle east again."

Toro went on to describe the scale of the project.  "To call it a cable is an understatement,  The main teather from Earth to the elevator terminus will have two elevator sharts inside large enough to accommodate a satellite 8 meters in diameter.  This will also include  superconducting wires to bring the harvested power from the space generator to Earth"

This project is not without controversy. Friends of Gaia spokesman Serio Tonto is concerned the torque from the generator slowing down the spinning of the Earth.  "Our calculations show a noticeable lengthening of the day in only 500 years".

Toro Pluma of NanoFibre countered that it will take 3000 years before a day lengthens to 25 hours.  "The kinetic energy in the spinning of the Earth is an almost unlimited source of energy.  We can achieve energy independence."

But Estricto Gazmono of the Family Values Council likens the project to the Tower of Babel.  "This is an affront to God to build a tower literally to the heavens." [The tower of Babel was a project in the book of Genisis to build a tower up to heaven.  In the biblical account the project failed as a result of communication problems between workers.]

Others have raised more practical objections.  The country of Ecuador is lacking a sufficient number of people with the skills for this project.  President of Ecuador Rafael Correa stated "We plan to greatly expand our guest worker program.  We will have workers from Japan, China, India, Germany, France, North America, Brazil ... from all over the world."

The stock price of NanoFibre rose by 63% in after hours trading on the announcement giving NanoFibre a market capitalization of 1.2 Billion.  In the previous quarter NanoFibre reported a loss of 3.1 million on revenue of 27 million.  Toro Pluma stated "an  investment opportunity like this only comes around one every 3000 years.  Energy independence and cheap transport to geo-stationary orbit.  This is a double winner."