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 17³Ô¹ÏÍø 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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