The Malaysian government invested ($27M) in General Fusion, the largest fusion energy program in Canada.
General Fusion was established in 2002 to create power from nuclear fusion which happens when atoms release energy when merged together and lose mass. The company has $100M total raised in investment.
According to Business in Vancouver, CEO Nathan Gilliland indicated the company is ramping up research and development in preparation for commercialization. Gilliland expects the company to begin a prototype in two years.
U.S. National Ignition Facility has proven that fusion can be done. General Fusion plans to figure out how to do this economically and scale it commercially.
Investors in General Fusion include:
- Malaysian government’s sovereign wealth fund
- Khazanah Nasional Berhad
- Chrysalix Energy Venture Capital
- Bezos Expeditions
- Cenovus Energy
- Braemar Energy Ventures
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