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Canadian nuclear firm wins fusion funding to achieve next scientific milestone

Abhishek Bhardwaj August 22, 2025 3 min read
Interesting Engineering
Canadian nuclear firm wins fusion funding to achieve next scientific milestone
AI Article Summary

Canadian startup General Fusion has secured $22 million in funding to continue its work on nuclear fusion technology after facing financial struggles earlier this year. The company aims to achieve scientific breakeven by 2026 using its LM26 prototype, which is developing magnetized target fusion. The new funds will assist in reaching intermediary milestones and integrating data into designs for the next machine in the UK. General Fusion aspires to bring commercial fusion energy to the grid in the 2030s.