Canadian Fusion Power Funded by the Federal Government
By Brian Orlotti The Canadian Government has announced that it has made a new $49.3Mln CDN investment in Burnaby BC based General Fusion , a clean technology company developing an alternative form of fusion energy. The investment reaffirms Canada’s commitment to clean energy amidst a global trade war and helps to ensure that Canadian fusion energy talent remains at home. As outlined in the October 26th, 2018 Business in Vancouver post, " Burnaby’s General Fusion lands $49m investment from feds ," the announcement was made by Navdeep Bains, Minister of Innovation, Science and Economic Development along with Harjit Singh Sajjan, Minister of National Defence. The funding will enable General Fusion to hire 400 new staff, expand its collaboration with various post-secondary institutions and support development of a 70% scale prototype power plant. Founded in 2002 by Michel Laberge, General Fusion is currently the only Canadian firm develop...