Source: General Fusion Inc. “It’s the SpaceX moment for fusion,” said Christofer Mowry, who runs the Bezos-backed General Fusion Inc. near Vancouver, Canada. Vous suivez désormais les articles en lien avec ce sujet. Source: General Fusion Inc. “It’s the SpaceX moment for fusion,” said Christofer Mowry, who runs the Bezos-backed General Fusion Inc. near Vancouver, Canada. How do companies ensure diversity in their workforce? Copyright © 2016 Business Insider Inc. Tous droits réservés. But like many of the other fusion technologies, it hasn't been tested on a commercially relevant scale. Do you have a tip or story idea about the business of clean tech and green energy? While many experts are confident that fusion will play a large role in the future of energy, they say the technology just isn't there yet. Now private companies think they can succeed where the government has failed. General Fusion says the funding is needed to complete a prototype facility confirming the performance of the company’s magnetized target fusion technology as a step on the path of creating the first commercially-viable fusion power plant. Fusion energy was produced by fusing together atoms, such as hydrogen, in an environment mimicking the center of the sun where extremely high pressure and temperature exist. Fusion Energy startup . General Fusion is supported by a global syndicate of leading energy venture capital funds, industry leaders, and technology pioneers, including: Chrysalix Energy Venture Capital, Bezos Expeditions, Cenovus Energy, Growthworks, Braemar Energy Ventures, BDC, Entrepreneurs Fund, SET Ventures, Sustainable Development Technology Canada, and NRC-IRAP. Contact this reporter at bjones@businessinsider.com. But experts say that achieving commercialization is still a long way off, not to mention, incredibly expensive. How this Icelandic software developer is leading her team remotely, ‘Many changes brought on by Covid-19 will become new ways of working’, The role of a data-analytics director in genomic discovery, Bright sparks of STEM: 19 influencers you need to know about, What you can expect from a career in fintech consulting, How this biopharma employee balances science with sports, 6 top international companies hiring in data right now. Billionaire Amazon CEO Jeff Bezos has backed Canadian start-up General Fusion, a business that is aiming to develop a fusion power device based on magnetised target fusion (MTF). General Fusion is among a handful of fusion startups attracting high-profile investors in recent years. Inside a typical tokamak is a superheated hydrogen gas containing deuterium and tritium that's surrounded by superconducting magnets. 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"America needs to wake up and say this might very well be the energy source of the future. General Fusion gets a $65M boost for fusion power plant from investors — including Jeff Bezos by Alan Boyle on December 16, 2019 at 11:57 am December 16, 2019 at 11:57 am News Brief "Fusion is the Holy Grail," Louis Brasington, a researcher at the analytics firm Cleantech Group, said. General Fusion, an alternative take on driving nuclear fusion and validated by external agencies, is promising greater output power than that put in within the next two or three years. General Fusion will use the money to build its piston-driven nuclear fusion reactor. Fusion has been long on promise and short on reality. 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Our Website uses cookies to improve your experience. How will the cybersecurity landscape change in 2021? To achieve this, most companies and public labs use an obscure device, shaped like a hollow bagel, called a tokamak. That energy is mostly clean and relatively safe, compared to nuclear fission. Until recently, fusion technology has been in the hands of massive research institutions, such as ITER — a gargantuan fusion project, with an estimated $25 billion price tag. The company is funded by a variety of investors. General Fusion has raised $65 million in Series-E funding from private investors, Business Insider reports.General Fusion will use the money to build its piston-driven nuclear fusion reactor. Bezos’s Bezo Expeditions VC firm has invested in three previous General Fusion rounds, PitchBook data show. "Our approach to fusion is something akin to a fusion version of a diesel engine," Mowry said. 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