Saturday, August 13, 2011

Amazon Founder invests in Canadian Fusion Venture

Source: Cold Fusion - Rossi
Date: 8/12/2011
American billionaire, Jeff Bezos, the man behind has reportedly invested in a Canadian company that is trying to develop a cold fusion process that uses hydrogen and seawater. General Fusion based in Vancouver, British Columbia, reportedly raised $19.5 million in venture capital for the development of a cold fusion or Low Energy Nuclear Reaction process in May. Part of this money apparently came from Bezos’ company Bezos Expeditions.

Jeff Bezos
The funds will be used to finance the building of a plant to demonstrate General Fusion’s cold fusion process. The funds come from a variety of American and Canadian venture capital firms including Bezos Expeditions and the Development Bank of Canada.