Posted by Big Gav in fusion
CleanBreak reports that interest in fusion remains alive and well in the Pacific north west - Amazon’s Jeff Bezos invests in Canadian nuclear fusion startup.
Nuclear fusion startup General Fusion of Burnaby, B.C., has just closed a Series B Funding round worth $19.5 million, bringing its total haul to more than $33 million (likely higher, depending on where grants from Sustainable Development Technology Canada fit in). What’s interesting about this round is that Amazon.com founder Jeff Bezos, through his personal investment firm Bezos Expeditions, has decided to contribute. Bezos’ share of the round was not disclosed, but it’s a sign that the company’s Magnetized Target Fusion technology and its progress on building a prototype is beginning to attract some attention (as opposed to skepticism).
Another new investor in the round is Canadian oil company Cenovus Energy, through its Environmental Opportunity Fund. Bezos and Cenovus join returning investors Chrysalix Energy, GrowthWorks, Braemar Energy Ventures, Entrepreneurs Fund, Business Development Bank of Canada, and SET Venture Partners. …
I have a chapter in my upcoming book, Mad Like Tesla, about General Fusion, its technology and its struggle to be taken seriously. It’s a great company taking the kinds of risks we need to see in this world.