Funding The Machine That "Might Save The World"

General Fusion, the Canadian duo who hope to produce a cold fusion power plant for perhaps a tenth the cost of other such promised projects, just got a $12 million shot in the arm.

According to the Toronto Star, the four-year grant comes from a non-profit called Sustainable Development Technology Canada (SDTC). However, SDTC will only provide the grant if General Fusion can match it with $28.7 million in private investment. Considering General Fusion only raised $6 million in its last round of funding, that sounds pretty steep.
Whether it’s $6 million or $3.5 billion, all the money is going towards an unproven technology that has yet to generate enough electricity to power a light bulb. But with General Fusion claiming they will produce electricity at four cents per kilowatt-hour, which is less than natural gas costs, here’s hoping they do pull it off.

Popular Science