A Canadian-based startup that is experimenting with fusion energy technology has quietly raised $22 million in early stage funding from venture capitalists.
Burnaby, British Columbia-based startup General Fusion plans to develop a prototype that will show its fusion technology can produce energy cheaper than coal-fire plants and safer than standard nuclear fission plants.
“What General Fusion is working on is game changing,” says investor Rolf Dekleer, vice president of investments for Canadian venture capital firm GrowthWorks Capital. “If they were working on this 10 years ago, we wouldn’t be talking about global warming today.”
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Canadian Fusion Startup Powers Up With $22 million (Reuters)
