Canadian fusion energy developer General Fusion announced today it will go public through a business combination with U.S. special purpose acquisition company Spring Valley Acquisition Corp. III. The deal, expected to close mid-2026, positions General Fusion as the first pure-play fusion company listed on the Nasdaq. The transaction implies an equity value of roughly US$1 […]
General Fusion
General Fusion Garners More Capital to Fuel Firm’s Ambitious LM26 Program
General Fusion has closed US$22 million in new financing, the B.C.-based clean energy innovator announced this week. The capital hails from Segra Capital, PenderFund, Chrysalix Venture Capital, MILFAM, JIMCO, Gaingels, Thistledown Capital, Presight Capital, and Hatch. The round of capital is slated to support its LM26 fusion demonstration program and advance General’s mission to transform […]
General Fusion Advances Magnetized Target Fusion with LM26 Breakthrough
General Fusion has successfully formed a magnetized plasma inside its Lawson Machine 26 (LM26), marking a significant step in the advancement of its Magnetized Target Fusion (MTF) technology. The Burnaby-based company now aims to compress these plasmas with a lithium liner to generate fusion, tracking toward game-changing technical milestones that could pave the way for […]
General Fusion’s Vision for a Trillion-Dollar Future Begins in B.C.
General Fusion’s Greg Twinney presented a bold vision at the Energy Disruptors: UNITE 2024 conference in Calgary this week, outlining how fusion energy has the potential to transform the world’s energy landscape, bringing clean, scalable, and abundant power to the grid by the mid-2030s. The CEO of the Richmond, B.C.-based fusion power leadershared the progress and […]
General Fusion Secures $20M to Advance Fusion Energy Technology
General Fusion has secured a $20 million investment from Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, and the Business Development Bank of Canada’s investment arm, BDC Capital. With these new dollars, the funding for their Lawson Machine 26 (LM26) program has reached $71 million since its launch in 2023. The financing […]
General Fusion Taps Victoria’s Motus Design to Help Build ‘World-Changing Technology’
New projects have been funded through British Columbia’s Integrated Marketplace. Delivered by Innovate BC, the program has been building a network of industry partners to identify challenges and implement technological solutions that help large-scale organizations increase competitiveness and improve health and safety. As part of the StrongerBC Economic Plan, the Integrated Marketplace Initiative kicked off […]
Vancouver International Airport Working with Local Startups to Upgrade Runway, Terminal
Three new projects have been funded through British Columbia’s Integrated Marketplace, program supporter Innovate BC announced this week. Delivered by Innovate BC, the program has been building a network of industry partners to identify challenges and implement technological solutions that help large-scale organizations increase competitiveness and improve health and safety. As part of the StrongerBC […]
General Fusion Partners with Canadian Nuclear Laboratories to Advance Commercial Power Plant Design
Richmond’s General Fusion has launched a new project in collaboration with Canadian Nuclear Laboratories (CNL) to advance the design of its commercial fusion power plant. Delivered through CNL’s Canadian Nuclear Research Initiative (CNRI) program, the project will examine and propose the most efficient and cost-effective designs to integrate the fusion machine, balance of plant, and […]
General Fusion Secures $33.5 Million in Series F Funding for Fusion Energy Advancements
Today, General Fusion announced a new Magnetized Target Fusion (MTF) machine that will fast-track the company’s technical progress. To be built at the company’s new Richmond headquarters, this ground-breaking machine is designed to achieve fusion conditions of over 100 million degrees Celsius by 2025, and progress toward scientific breakeven by 2026. General Fusion also announced […]
BC Tech Crowns Winners of 2022 Technology Impact Awards
Now in their 29th year, the Technology Impact Awards (TIAs) have never had more reasons to celebrate than they did last night at the Vancouver Convention Centre. Ambition was the theme of the 2022 TIAs and through the evening’s celebration 45 TIAs finalists across 12 categories were honoured. Staged before a sold-out crowd at the Vancouver Convention […]