Burnaby’s General Fusion has raised US$22 million to advance its LM26 fusion demonstration program, supporting efforts to produce zero-carbon energy. Investors include Segra Capital, PenderFund, Chrysalix, MILFAM, JIMCO, Gaingels, Thistledown Capital, Presight Capital, and Hatch. The Lawson Machine 26, unveiled in 2023, builds on two decades of research.
Earlier this year, the company successfully formed a magnetized plasma inside the LM26, with plans to compress it using a lithium liner to generate fusion. The funding round also strengthens the board with Segra’s Adam Rodman and PenderFund’s Kelly Edmison. Total LM26 investment now exceeds US$100 million.
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