Amazon founder invests millions into B.C. startup General Fusion

Posted by Knowlton Thomas

Jeff Bezos, the founder and CEO of online retailing giant Amazon, has joined a group of investors giving $20 million to General Fusion, a B.C. startup in the nuclear fusion space.

The company is developing technology which should enable the ability to build power plants using magnetized target fusion technology at a cost lower than that of using conventional approaches.

Also putting up money in this Series B funding round are Cenovus Energy, Chrysalix Energy, GrowthWorks, and others.

Company:
Amazon
Website:
http://www.amazon.com
Location:
Vancouver, British Columbia, Canada

Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc., seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of... more

Company:
General Fusion Inc.
Website:
http://generalfusion.com
Location:
Burnaby, British Columbia, Canada

Energy: our modern way of life depends on it. A large portion of the modern economy rides on it. Colossal fortunes have been built finding and developing energy sources. However, today, the world is heading towards a major crisis. Since the industrial revolution, the world's need for energy has grown exponentially. This growth has been easily sustained, thanks to an inexpensive supply of fossil fuels conveniently... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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