General Fusion raises $15 million to develop demonstration device

SET portfolio company, General Fusion has raised an additional $15 million in funding to develop a fusion demonstration device known as the Lawson Machine 26 (LM26).

With its LM26 project, General Fusion has created a device called a plasma injector, and is now working to integrate that with a system to compress plasmas at a large scale. The company’s overall technology is called magnetized target fusion.

General Fusion has raised approximately $340 million since 2002, including government grants and investments.

Read the full announcement here