Canadia’s Strategic Innovation Fund has invested $37.6m in the fusion power technology developer, which had previously raised more than $83m from investors including Cenovus.

General Fusion, a Canada-based fusion power technology developer backed by oil supplier Cenovus Energy, has received C$49.3m ($37.6m) in funding from the Canadian government’s Strategic Innovation Fund. Founded in 2002, General Fusion is working on fusion power technology that will utilise nuclear fusion. The company’s technology is designed to be used in dedicated power plants,…

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