General Fusion’s new funding from the Canadian government will allow the company to move a step closer to proving its technology works.
August 08, 2024 at 9:00AM EDT -- General Fusion Inc. raised $20 million from two Canadian government agencies to help advance technology that may eventually harness the energy of the stars in a commercial power plant.
Global excitement over fusion has been growing since late 2022 when a U.S. laboratory in California triggered a reaction that generated more energy than it took to set it off. The test showed that fusion is feasible, but the technical challenges are steep and progress has been slow. General Fusion expects to complete next year what it’s dubbed Lawson Machine 26 to demonstrate the feasibility of its approach.
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