Amazon.com founder Jeff Bezos is among the investors in a new financing round for General Fusion, a British Columbia-based company working on “utility-scale fusion power.” The investment, part of General Fusion’s $19.5 million Series B round, was through Bezos Expeditions. Other investors named by General Fusion include Cenovus Energy, Chrisalix Energy Venture Capital, GrowthWorks, along with others. General Fusion said the money will help it finish the initial phase of its development and demonstration. The company is working on an approach called Magnetized Target Fusion, aiming to fuse hydrogen isotopes into helium, with seawater as the fuel. Bezos’ fellow Seattle-area tech founder, Bill Gates, also is investing in next-generation nuclear through Intellectual Ventures spinoff TerraPower.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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