Struggling fusion power company General Fusion gets $22M lifeline from investors

General Fusion, a struggling fusion power company, has received a $22 million lifeline from investors. This funding comes after the company had to lay off 25% of its staff in May due to financial difficulties. The new round of investment provides General Fusion with the necessary resources to continue pursuing its scientific milestones. Fusion power, a process that mimics the way the sun and stars generate energy, is seen as a potential solution to the world's energy needs, as it is a clean and virtually limitless source of power. However, the development of commercial fusion power has proven to be a significant challenge, and companies like General Fusion have faced financial and technological hurdles in their efforts to make this technology a reality. The $22 million investment will give the company valuable time to work towards its goals and potentially contribute to the advancement of fusion power research.