The investment will support the development of the company’s Fusion Demonstration Plant, which will showcase Magnetized Target Fusion technology at power-plant relevant scale.
Thistledown was established by Shopify founder Tobias Lütke and his wife Fiona McKean to advance technological solutions for decarbonization, aiming to make the biggest impact for future generations by fighting climate change.
Founded in 2019 and based in Ottawa, Thistledown funds technology breakthroughs that support decarbonization, such as fusion energy.
RELATED: The SpaceX Moment for Fusion
This is the second time the founder of an e-commerce giant has supported General Fusion. Amazon’s Jeff Bezos previously invested in the company through his venture capital fund, Bezos Expeditions.
“General Fusion has a strong record of attracting funding support from some of the world’s most influential technology leaders,” said Greg Twinney, CFO, General Fusion. “Fusion is planet-saving technology, and we are proud to support the mission of Thistledown Capital in its pursuit for a greener tomorrow.”