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.

Ontario Power Generation says the stellarator approach to fusion energy uses extremely strong electromagnets to generate twisting magnetic fields to create

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