Workers’ layoff

General Fusion delivered at least 25 % of its employees last week, just days after reaching a major teacher The latest fusion latitude.

CEO Greg has published an open speech on the company’s website on Monday, saying that although the new LM26 was able to pressure the plasma – which is necessary for fusion conditions – General fusion He was running less than money. He wrote, “(T) the Oday financing scene is more challenging than ever, as investors and governments move on a political and market climate fast, shift and uncertain.”

The 23 -year -old company, which many still describe as a startup, is the leading operator in Canada in the Fusion Fusion Power. It raised $ 440 million, according to the stadium’s book, including a 22.66 million dollar round closed in July. Among the supporters are Jeff Bezos, Timask, and BC Capital. But this money was not enough for the company to show that its unique fusion approach is viable.

General Fujen’s plight highlights the challenges facing the integration industry.

So far, only one device has accessed the so -called scientific tie, a historical but not commercially important landmark. To strike a trade tie, the reactors need to produce dozens of energy more than it has been clarified so far.

The way to these prominent landmarks has proven expensive. Although General Fusion may seem impressive, it exists Amid the package. Commonwealth of melting systems I raised more than two billion dollars, Heilon I withdrew more than a billion dollars, and I stood up The merger of the Pacific Ocean She pledged 900 million dollars in the series A alone.

Part of the General Fusion challenge is that it takes a different approach from many of its competitors.

Most of the startups follow one of the two tracks: magnetic detention or self -imprisonment. The former uses magnetic fields to control plasma, and press it until it reaches the core conditions to merge. The last approach is usually used for laser pressing fuel.

On the other hand, Fusion Fusion tries to use steam -dependent piston for fusion fuel. The US Navy tried Similar thing In the seventies to no avail, but General Fusion believes that modern computers can solve some timing problems that afflicted previous attempts. This has not explained yet, but he said that in the event of completion, LM26 should be able to reach a scientific tie.

Now the company will have to raise more money – quickly – if it wants to prove that its approach is an applicable competitor.