Based on a modified large-orbit field-reversed configuration, this concept uses an efficient direct energy-conversion process. Prelirnimary theory indicates that it may have the advantages of a simple geometry, small reactor size, enhanced confinement, and a high power density. If vali- dated in future experimental programs, this simple, low-cost reactor concept would yield a shorter and cheaper development path. Research is being performed at the University of California at Irvine and at Cornell University.