Bezos-Backed Fusion Startup Raises $100 Million for Demo System
- General Fusion seeks to commercialize clean-energy technology
- Fusion systems produce electricity using same process as stars
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A nuclear fusion start-up backed by billionaire Jeff Bezos raised more than $100 million to help design and build a demonstration power plant.
The company lined up $65 million in Series E financing led by Singapore’s Temasek Holdings Pte, and is getting another $38 million from Canada’s Strategic Innovation Fund, General Fusion Inc. said in a statement Monday. It’s now attracted more than $200 million in financing.