Bezos Invests in General Fusion
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.
Trending on Xconomy
By posting a comment, you agree to our terms and conditions.