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December 30 2012

Entrepreneur receives funding for 'tornado' power generator

Electrical engineer and entrepreneur Louis Michaud's AVEtec company has received funding from PayPal cofounder Peter Thiel's Breakout Labs program to build an experimental Atmosphere Vortex Engine (AVE). The $300,000 in startup funds is to go towards building a working engine to dispel or prove the viability of using such technology to produce electricity with virtually no carbon footprint.

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