The Ontario and federal governments, along with an energy company, have announced that they are setting up a research Centre for Fusion Energy in the province.
The federal government, through Atomic Energy of Canada Ltd., is spending up to $33 million to establish the centre, while Ontario is putting up $19.5 million and Stellarex, a fusion energy technology development company, plans to contribute up to $39 million.
Spencer Pitcher, the CEO-designate of Stellarex, says researchers have made incredible progress over the past several decades on harnessing the power of fusion energy and the technology is now close to commercialization.