Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Amazon's Jeff Bezos backing nuclear fusion plant in the UK

Amazon's Jeff Bezos backing nuclear fusion plant in the UK

General Fusion has raised approximately $300M from its investors to date

General Fusion, a Canadian energy company backed by Amazon CEO Jeff Bezos' investment firm, Bezos Expeditions, has announced plans to build and operate a nuclear fusion plant in the United Kingdom.

General Fusion will enter into a long-term lease with the U.K. Atomic Energy Authority's Culham campus, home of the country's national fusion research program and the largest fusion experiment in the world, Joint European Torus.

General Fusion, a Canadian clean energy company backed by Amazon CEO Jeff Bezos' investment firm, Bezos Expeditions, has announced plans to build and operate a nuclear fusion plant in the United Kingdom.


The new facility, dubbed the Fusion Demonstration Plant, will verify whether the company's proprietary magnetized target fusion (MTF) technology can create fusion conditions in a practical and cost-effective manner and "refine the economics of fusion energy production," which will then lead to the subsequent design of a commercial fusion pilot plant.

The Fusion Demonstration Plant, which has an estimated cost of $400 million, is expected to begin construction in 2022. The company expects the plant to be fully operational as early as 2025.

U.K. Science Minister Amanda Solloway said the plant will be a "huge boost" to the country's plans to develop a fusion industry.

"I’m thrilled that Culham will be home to such a cutting-edge and potentially transformative project," Sollway added. "Fusion energy has great potential as a source of limitless, low-carbon energy, and today’s announcement is a clear vote of confidence in the region and the UK’s status as a global science superpower."

The plant will expand General Fusion's presence into Europe and will broaden its network of government, institutional and industrial partners.

"This is incredibly exciting news for not only General Fusion, but also the global effort to develop practical fusion energy," General Fusion CEO Christofer Mowry said.

A General Fusion spokesperson told FOX Business that while Bezos Expeditions is an investor, they do not play an operational role in the company. General Fusion has raised a total of approximately $300 million from its investors to date.

In addition to Bezos Expeditions, General Fusion's investors include Chrysalix Venture Capital, Braemar Energy Ventures, Set Ventures, Malaysian sovereign wealth fund Khazanah Nasional, Cenovus Energy, BDC Venture Capital, Pender Ventures, the Entrepreneurs Fund and Sustainable Development Technology Canada. General Fusion's collaborators include Microsoft, McGill University, Princeton Plasma Physics Laboratory, Hatch and Queen Mary University of London.

General Fusion's technology uses a series of synchronized pistons to compress a chamber of liquid metal, which is then injected with hydrogen plasma. The plasma is then heated at 150 million degrees Celsius – 10 times hotter than the sun's core – to create large quantities of carbon-free energy with no atomic waste. The heat is then transferred into the metal, which can be channeled through turbines to produce power.


According to General Fusion, just 1 kilogram of fusion fuel can power 10,000 homes for one year and replace 55,000 barrels of oil, 6 million kilograms of natural gas, or 10 million kilograms of coal. General Fusion’s technology is expected to produce about 115 megawatts of fusion power.

In addition, 35 countries are collaborating to build the International Thermonuclear Experimental Reactor (ITER) in southern France, which is aiming to produce about 500 megawatts of fusion power as early as 2035.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
×