Burnaby’s General Fusion has gone public. Shares in the energy firm, which now trades on the NASDAQ under the ticker symbol GFUZ, popped 15% on launch. General Fusion enters the public markets with approximately US$150 million in cash, according to a statement, following a business combination with Spring Valley Acquisition Corp. That capital is expected […]
General Fusion
TIME Names Vancouver Innovator as World’s Top GreenTech Company in 2026
A Vancouver company ranks as the world’s top green technology innovator. TIME partnered with data firm Statista on the second annual ranking of the World’s Top GreenTech Companies, naming 250 top performing companies operating within the green technologies wheelhouse. While only five Canadian companies made the list, representing just 2% of the total, it’s worth […]
General Fusion to Become First Publicly Traded Pure-Play Fusion Company in $1B Nasdaq SPAC Deal
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 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 […]