General Fusion Inc.

$74,275,000.00 CAD

≈ $1.79 for every person in Canada ≈ 960 Canadians' average pay for a year
Department
Innovation, Science and Economic Development Canada
Program
SIF Stream 1 - R&D
Recipient country
Canada
Fiscal year
2019-2020
Agreement period
May 29, 2019 – March 31, 2034
Reference
ic:033-2019-2020-Q1-811346

Published purpose

This project will mature the company’s fusion energy technology systems from an experimental proof of concept to a power plant-relevant scale and conditions, and prepare for testing in an integrated prototype system by advancing key plasma form.

In plain English AI-generated

Funding supports General Fusion Inc. to advance fusion energy technology from experimental proof of concept toward power-plant-relevant scale and integrated prototype testing.

Category: Research Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported August 3, 2026 from open.canada.ca Grants & Contributions