Morgan, in 1901 Tesla began work on the free energy project in earnest, designing and building a lab with a power plant and a massive transmission tower on a site on Long Island, New York, that became known as Wardenclyffe. With funding from a group of investors that included financial giant J. Having become obsessed with the wireless transmission of energy, around 1900 Tesla set to work on his boldest project yet: to build a global, wireless communication system - to be transmitted through a large electrical tower - for sharing information and providing free energy throughout the world. Convinced that Tesla's inventions would help him achieve this, in 1888 he purchased his patents for $60,000 in cash and stock in the Westinghouse Corporation. Tesla's AC system soon caught the attention of American engineer and businessman George Westinghouse, who was seeking a solution to supplying the nation with long-distance power. In 1887, Tesla found funding for his new Tesla Electric Company, and by the end of the year, he had successfully filed several patents for AC-based inventions. Tesla designed the alternating-current (AC) electrical system, which would quickly become the preeminent power system of the 20th century and has remained the worldwide standard ever since. Tesla is most well-known for his contributions in AC electricity and for the Tesla coil. He was also a pioneer in the discovery of radar technology, X-ray technology, remote control and the rotating magnetic field - the basis of most AC machinery. Throughout his career, Tesla discovered, designed and developed ideas for a number of important inventions - most of which were officially patented by other inventors - including dynamos (electrical generators similar to batteries) and the induction motor. His luck would change two years later when he received funding for his new Tesla Electric Company.
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