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Struggling fusion power company General Fusion gets $22M lifeline from investors
General Fusion pleaded for new funding in May after it laid off 25% of its staff. The new round buys it precious months to pursue its scientific milestones.
Just months before making its financial woes public, General Fusion had activated its latest device, Lawson Machine 26 (LM26), a half-scale prototype of a commercial-scale reactor. Inside its reactor, electricity flows through deuterium-tritium fuel — heavy hydrogen isotopes — generating a magnetic field to contain the plasma. Given the limited size of the fresh funding, it seems likely that General Fusion will shoot for the most achievable milestones to convince investors to cut a new round of checks.
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