By CCN Markets: Hollywood movie star Brad Pitt has reportedly invested in a “cold fusion” startup dubbed Industrial Heat, The Financial Times reports. Joining him for the capital venture into futuristic clean energy are Laurene Powell Jobs and English fund manager Neil Woodford.
Incidentally, Pitt plays a Hollywood stunt double in Quentin Tarantino’s upcoming film, “Once Upon A Time in Hollywood.” It hits theaters on July 26.
— Quentin Tarantino News (@QTarantino_news) June 13, 2019
In real life, however, Brad Pitt seems to be playing Elon Musk’s stunt double. Musk, whose company Tesla is behind solar roof tiles, has made sustainable energy a key focus of his career. Musk has also explored nuclear energy for Mars:
Nuclear Startup Brings the Heat
The report says North Carolina-based Industrial Heat has raised a $100 million so far. It hopes to turn science fiction into science profits. Funding from investors like the A-list movie celebrity, the widow of the late Apple founder Steve Jobs, and Britain’s most notorious asset manager has warmed Industrial Heat’s value up to a sizzling $918 million.
The actor, whose films include “Interview with the Vampire,” “Fight Club,” and “Troy,” has owned a piece of Industrial Heat’s cold fusion research through his Briarcliff Trust for several years.
Laurene Powell Jobs’ Emerson Collective has $10 million invested in the cold fusion company.
Through Industrial Heat LLC, Woodford Investment Management has £54 million (USD $68 million) in the cold fusion game. Its ownership stake is nearly a quarter of the cold fusion company. Woodford’s audacious investment in a very unproven technology has returned more than 300% profits to his portfolio.