General Fusion

General Fusion is a Canadian company based in Burnaby, British Columbia, which was created for the development of fusion power based on magnetized target fusion (MTF).As of 2015 they were developing subsystems for use in a prototype to be built later. The company is funded by a variety of investors, including Chrysalix venture capital, the Business Development Bank of Canada—a Canadian Crown corporation, Bezos Expeditions, Cenovus Energy, Growthworks, Khazanah Nasional—a Malaysian sovereign wealth fund, and Sustainable Development Technology Canada.

Funding

Chrysalix Energy Venture Capital, a Vancouver-based venture capital firm, led a C$1.2 million seed round of financing for General Fusion in 2007.As of 2011 General Fusion remained in Chrysalix' portfolio. Other Canadian venture capital firms that participated in the seed round were GrowthWorks Capital and BDC Venture Capital.

In 2009 a consortium led by General Fusion was awarded C$13.9 million by Sustainable Development Technology Canada (SDTC) to conduct a four-year research project on "Acoustically Driven Magnetized Target Fusion"; SDTC is a foundation established by the Canadian government. The other members of the consortium are Los Alamos National Laboratory and Powertech Labs Inc.