Venture capital investments

Commonwealth Fusion Systems raises $115 million

Graphic of a lightbulb being powered by nuclear power
Photo: Mitch Payne Photography/Getty Images

Commonwealth Fusion Systems, a Cambridge, Mass.-based startup focused on commercializing fusion energy, raised $115 million in Series A funding.

Why it matters: Nuclear fusion, the process of combining hydrogen atoms rather than splitting them, has long been the clean energy industry's holy grail, promising unlimited output without creating any carbon emissions or nuclear waste.

General Electric wants sell off its venture capital arm

In this image, a man wearing a baseball cap walks in front of a building with a giant General Electric logo.
A General Electric employee walks past the GE headquarters in Belfort, France. Photo: Patrick Hertzog/AFP/Getty Images

General Electric is seeking to turn off the lights at its venture capital arm, which has invested in hundreds of companies since being founded in 2013.

Driving the news: CNBC's Christina Farr reported yesterday that GE Ventures "has been shopping itself for several months and is in discussions with other venture firms as well as groups of limited partners who invest in those funds," with Lazard managing the process.