SDTC commits $12.75 mln to venture-backed General Fusion
Sustainable Development Technology Canada (SDTC) has committed $12.75 million to Vancouver-based General Fusion Inc. The funding will support continued development of the company's fusion energy technology, culminating in the design of a full-scale fusion energy demonstration system. General Fusion is partnering with McGill University's Shock Wave Physics Group and engineering business Hatch Ltd on the system. Founded in 2002, General Fusion has secured more than $100 million in venture capital financing. Its last round, led by Malaysian investor Khazanah Nasional Berhad, was closed in May 2015.
4 March 2016•4 mins read
