General Fusion says it has closed on a $65 million financing round that will spark the launch of a program to build and operate a demonstration nuclear fusion power plant. Chrysalix Energy Venture Capital, a Vancouver-based venture capital firm, led a C$1.2 million seed round of financing for General Fusion … The company's plasma fusion technologies provide a virtually unlimited supply of baseload electricity from power plants that are carbon-free, safe and sustainable, enabling business to avail … General Fusion General Information Description. Commonwealth Fusion Systems closed on its latest $84 million in new funding two weeks ago. Investing in uranium sounds like a good picks-and-shovels play, but only if you can stomach the risks of mining in Kazakhstan. General Fusion is pursuing the fastest and most practical path to commercial fusion energy, and is based in Vancouver, Canada, with locations in Washington D.C., and London, U.K. Developer of an alternative power generation system designed to transform energy supply with clean, safe and abundant fusion energy. This round brings the total investment in privately-held General Fusion to more than $100 million (CAN). Company profile page for General Fusion Inc including stock price, company news, press releases, executives, board members, and contact information The company's systems are commercially-viable fusion power plants used to accelerate the development of its magnetized target fusion … But again, how can we do it? “This financing is evidence of the growing recognition of fusion as a game-changing source of energy, as well as the leadership position of General Fusion.” said General Fusion CEO Nathan Gilliland. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry … General Fusion will invest at least $150 million in research and development with the potential for over $250 million in additional investment for the construction of a demonstration plant. But Peter Thiel has millions to invest, and us ordinary peasants might only have a few thousand. We want to be part of it, and we want to invest for our futures as well. Founded in 2002, General Fusion employs more than 70 people in Burnaby and is the only Canadian company working to commercialize fusion … According to a recent article by Forbes , the largest producer of the uranium on the planet ( 37% of mined uranium ore ) is a Kazakhstan firm called Kazatomprom ( KAP ) which had an IPO … Founded in 2002, General Fusion employs more than 70 people in Burnaby and is the only Canadian company working to commercialize fusion … As of late 2016, General Fusion had received over $100 million in funding from a global syndicate of investors and the Canadian Government's Sustainable Development Technology Canada (SDTC) fund. Jeff Bezos bought into General Fusion. Maybe it's like buying Apple shares in 1989. Developer of plasma fusion technologies designed to develop commercially competitive clean fusion energy as fast as possible. Photo: General Fusion Photo: ... For all this activity and investment, fusion power remains as tough a problem as ever. General Fusion will invest at least $150 million in research and development with the potential for over $250 million in additional investment for the construction of a demonstration plant.