RE:RE:CVE is an investor in generalfusionAny idea how much CVE has invested? When GeneralFusion IPOs it could be a Big Deal for CVE shareholders!
All just my opinion/view/thinking
autofocus111 wrote: GeneralFusion back in the news. CVE was an early investor. I wonder if they could get carbon credits for that or future investments?
>>>Burnaby-based General Fusion, a company backed by Jeff Bezos and Cenovus Energy Inc., harbours ambitions as big as they come: it wants to master nuclear fusion, essentially the same process that generates heat in the sun....Last week, Chris Mowry, chief executive of the Burnaby-based company signed paperwork with the United Kingdom government to build a US$400 million nuclear fusion test plant at Culham in Oxfordshire. If construction on the proposed plant, announced on June 16, begins as expected next summer, it may be the first public-private nuclear fusion demonstration plant in the world.While the company remains private, Mowry acknowledged the company has ample funding needs and would likely access public markets as it seeks to commercialize its technology by 2030. Other investors include Cenovus Energy Inc., The Business Development Bank of Canada and Sustainable Development Technology Canada, while collaborators include Microsoft Corp.
https://financialpost.com/commodities/the-last-energy-source-well-ever-tame-b-c-startups-400m-u-k-plant-aims-to-harness-nuclear-fusion-technology