Vancouver-based General Fusion has closed additional financing in support of its programme to design, build and operate a prototype fusion demonstration plant.
The company said the new round of financing was led by Singapore sovereign wealth fund GIC and the deep technology fund IBX. It said the new capital was a significant expansion of institutional support.
The financing, whose terms were undisclosed, comes as the company accelerates execution of its fusion commercialisation programme.
Their participation in the financing round was complemented by funding from another Asia-based large financial institution which General Fusion did not name.
The company said the new round of financing was led by Singapore sovereign wealth fund GIC and the deep technology fund IBX. It said the new capital was a significant expansion of institutional support.
The financing, whose terms were undisclosed, comes as the company accelerates execution of its fusion commercialisation programme.
Their participation in the financing round was complemented by funding from another Asia-based large financial institution which General Fusion did not name.
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