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589 points atomic128 | 1 comments | | HN request time: 0.278s | source
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pinewurst ◴[] No.41841253[source]
It’s not real funding, it’s a power purchase agreement from something that may never be built! No different from Microsoft’s previous fusion power purchase agreement. The Goog may as well announce they’ve reserved office space in a building to be built on Proxima Centauri B.

Just tech virtue signalling: Google/Microsoft trade the impression that they’re relevant leaders for some legitimacy for a blue sky startup.

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joshmarinacci ◴[] No.41841357[source]
A power purchase agreement is critical to getting investment. The US aviation industry is wouldn’t exist if not for the UK and French governments making a purchase agreement for planes at the start of WW2
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1. Dylan16807 ◴[] No.41843929[source]
It can be a necessary step but also a weak gesture at the same time. It doesn't inspire confidence the way actual non-conditional spending does.