|The company formerly known as Adams Atomic Engines|
Adams Atomic Engines no longer exists as an incorporated company. We have no current employees, are not working on any current projects, and are not hiring any employees.
We were just about ready to move forward in January 2008, but the world financial crisis required some significant decisions. Not only did our potential capital partners essentially disappear as major entities, but the world energy market experienced a price collapse that put a number of alternative energy projects on hold. Some companies have survived and prospered, others have disappeared. We fall into the second category.
There were, of course, some projects that retained their favored status because of mandates, special market price structures, and government grants, but none of those incentives or supports applied to our efforts. No excuses, just facts.
When the demand for energy increases and when there is a commercial source of the kind of high temperature fuel that we need to enable reasonable thermal efficiency from Brayton cycle machines, we may try to get the old team together for a more successful attempt to succeed. We allowed the control system patent to pass into the public domain, and we started a blog at http://atomicengines.blogspot.com to document our design.
Rod Adams, the company founder is still sharing what he has learned about atomic energy, the energy markets, the capital markets, and the political environment in which atomic energy currently exists.
Please visit Atomic Insights and/or the Atomic Show Podcast to keep up with those outreach and educational efforts.
Rod Adams founded Adams Atomic Engines, Inc. (AAE) in September 1993 with the help of friends and family who believed in his vision for a clean, safe, cost effective alternative power system.
In May, 1994, the US Patent Office recognized that Rod's design for a control system for a closed cycle gas turbine was a unique invention and awarded US Patent number 5,309,492. AAE began the long process of bringing a completely new power system - based on proven, replicable components - to the market.
By the summer of 1996, following a steady drop in fuel prices resulting in oil near $12 per barrel and natural gas near $1.70 per million BTU, Rod and the other AAE investors decided that the world was not quite ready to buy enough Adams EnginesTM to allow a chance for immediate business success. AAE underwent a cost cutting effort to bring annual expenses to a sustainable level in a move to provide the endurance to be ready when the market conditions changed.
AAE continued to maintain its informational web sites (http://www.atomicengines.com and http://atomicinsights.com), refined its design approach, learned more about business operations, and invested in deep market research.
By 2000, it was clear to AAE principals that the energy market was shifting directions to a more supply constrained, higher price environment at the same time that people began to understand the environmental effects of continuing to increase the rate of fossil fuel consumption. Adams Atomic Engines, Inc. began the long process of waking from a several year long slumber.
Several new contributors became part of the AAE development team, bringing valuable experience in business development, market research, finances, regulatory relationships, and custom machinery manufacturing. We retrenched again in the spring of 2008 as indications of serious economic weakness became apparent. In the spring of 2011, we filed our final tax returns and allowed our corporate registration to lapse. Patience can only last so long; we grew tired of waiting for conditions to become favorable for our project.
AAE had a design focused on providing a true alternative to continued oil addiction. The concept remains simple; provide multiple safety barriers, include large functional margins and be ready to pass muster with the most stringent regulatory regime in the world. The Adams Engine idea may one day be revived to fill needs in markets currently dominated by large diesel engines and simple cycle combustion turbines that run near their full capacity at least 50% of the time.
Copyright 1995-2011 Adams Atomic Engines. All rights reserved.
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Last updated June 29, 2011