The Canadian government says it’s investing $37.5 million (49.3 million Canadian dollars) in General Fusion, a British Columbia company that aims to build a prototype plant powered by nuclear fusion.
Funding from Canada’s Strategic Innovation Fund was announced today by Defense Minister Harjit Singh Sajjan and Navdeep Bains, Canada’s minister of innovation, science and economic development.
In a news release, Burnaby, B.C.-based General Fusion said the government’s backing would support the creation of 400 new jobs and boost the development of a “first-of-its-kind, large-scale prototype plant that will demonstrate a practical approach to commercializing affordable, abundant, safe and emission-free electricity from fusion energy.”
