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Layoffs hit General Fusion as the fusion power startup runs short on cash
CEO Greg Twiney posted an open letter on the company’s website today pleading for money.
He wrote, “today’s funding landscape is more challenging than ever as investors and governments navigate a rapidly shifting and uncertain political and market climate.” The 23-year-old company, which many still describe as a startup, is Canada’s leading entrant in the race for commercial fusion power. The U.S. Navy tried something similar in the 1970s to no avail, but General Fusion thinks that modern computers could solve some of the timing problems that plagued earlier attempts.
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