Subject:::Paypal Cofounder Funds Tornado-based Clean Energy Technology - TMCnet's Green eNews
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December 26, 2012

Paypal Cofounder Funds Tornado-Based Clean Energy Technology

The search for new forms of clean energy is obviously an ongoing one, as current forms of clean energy are still generally insufficient to meet global energy needs. As such, new potential sources of clean energy often seem a little strange.


Tornadoes, for example, may not seem like the perfect solution to the energy crisis, but they may well prove to be just that — at least according to some.


More specifically, Peter Thiel, cofounder of Paypal and an early backer of Facebook (News - Alert), thinks harnessing the power of tornadoes has a lot of potential. In fact, the Thiel Foundation's Breakout Labs program recently gave Canadian company AVEtec Energy Corporation a $300,000 grant to develop a prototype "Atmospheric Vortex Engine," to use man-made tornadoes in energy production. Read more...

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