Bezos-Backed Nuclear Fusion Company Raises $15 Million for Demo
General Fusion’s new funding from the Canadian government will allow the company to move a step closer to proving its technology works.
General Fusion is working on completing what it’s dubbed Lawson Machine 26 by next year.
Photographer: Rich Lam for General FusionGeneral Fusion Inc. raised C$20 million ($14.6 million) from two Canadian government agencies to help advance technology that may eventually harness the energy of the stars in a commercial power plant.
Canadian Nuclear Laboratories and the Business Development Bank of Canada each contributed C$10 million to the British Columbia-based company’s Series F round, according to a statement Thursday. The company has raised a total of more than C$440 million, with about 75% coming from private backers including Amazon.com Inc. founder Jeff Bezos.