PICKERING, ONT. — The Ontario government has announced it is spending $19.5 million to help establish a new Centre for Fusion Energy, with the goal of furthering energy research and commercialization.
According to a release, the centre will also facilitate new academic and industry partnerships, create new hands-on educational opportunities and stimulate economic and research activity across the province.
It is being developed in partnership with the federal government, the Stellarex Group Limited, Atomic Energy of Canada Limited (AECL) and Ontario Power Generation (OPG).
The federal government, through AECL, is investing $33 million and Stellarex intends to contribute up to $39 million to the centre. Ontario entered into a memorandum of understanding with the OPG, who will be responsible for overseeing all aspects of the project on behalf of the province.
This initiative builds on another , to explore establishing a Centre for Fusion Energy in Ontario and continue nurturing a globally competitive domestic fusion ecosystem, the release adds.
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