The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, together with the Honourable Harjit Singh Sajjan, Minister of National Defence, announced the investment.

The funding will help General Fusion create technology leading to 400 new jobs and support its project to develop a first-of-its-kind large-scale prototype plant that will demonstrate a practical approach to commercializing affordable, abundant, safe and emission-free electricity from fusion energy. General Fusion's technology has the potential to revolutionize how sustainable energy is generated and position British Columbia—and Canada—as a global leader in fusion technology.

Thanks in part to this federal investment through the Strategic Innovation Fund, General Fusion will expand its collaboration with post-secondary institutions and employ inclusive hiring practices as the company grows its workforce. As a result of this project, Canadians will see more intellectual property developed and retained in Canada.