Amazon Founder invests in Canadian Fusion Venture
American billionaire, Jeff Bezos, the man behind Amazon.com has reportedly invested in a Canadian company that is trying to develop a hot fusion process that uses hydrogen and seawater. General Fusion based in Vancouver, British Columbia, reportedly raised $19.5 million in venture capital for the development of a fusion or Low Energy Nuclear Reaction process in May. Part of this money apparently came from Bezos’ company Bezos Expeditions.
The funds will be used to finance the building of a plant to demonstrate General Fusion’s
cold fusion hot fusion process. The funds come from a variety of American and Canadian venture capital firms including Bezos Expeditions and the Development Bank of Canada.
General Fusion intends to create fusion by creating plasma out of deuterium and tritium, trapping it with a magnetic field and compressing it. This would generate large amounts of heat that would power a steam engine that would be used to generate electricity. This process would be a hot fusion process but it would achieve the same results as cold fusion.
The company’s website states that it has applied for a patent for its fusion process and that it intends to build a full scale plant for demonstration. So far there is word on when or where this plant would be built although it would probably be located in Vancouver.
General Fusion is a privately held company which means it has not issued stock. The company is led by Dr. Michel Laberge, a physicist who serves as President and Chief Technology Officer. Laberge was formerly with Creo Products in Vancouver. He has done post doctoral research at the Canadian National Research Council in Ottawa and the L’ecole Polytechnique in Paris. Laberge is apparently the inventor of General Fusion’s process.
General Fusion’s CEO is Doug Richardson a former systems engineer and Director of Development with Creo Products. Richardson is an expert on developing and commercializing new products. Like Laberge he holds three patents.
Bezos role in General Fusion is unclear as is the amount of money he has invested in it. Bezos is the founder, president and CEO of Amazon.com.
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