In my mind, there are two universities in the United States that are at the pinnacle of "cool engineering:" MIT and CalTech.  Since MIT is in our backyard, we're naturally a little biased to the great school on Massachusetts Avenue.

CNET has a great article about research work being done at MIT to determine whether nuclear fusion can be a viable energy source. Fusion got discredited in the 90's due to a bogus announcement of cold fusion, but researchers at MIT are looking into the classic high-energy "hot" fusion method.  While the barriers to entry seem insurmountable, the potential benefits are world-changing, and it's my belief that if anyone can make it work, it's MIT engineers.

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