Vancouver’s General Fusion announced this week that it has successfully achieved several aggressive performance goals of a prototype system for its Fusion Demonstration Plant (FDP). The company’s plasma compression prototype, located at its Vancouver laboratory, is being used to demonstrate a critical element of its proprietary Magnetized Target Fusion (MTF) technology. This important milestone marks […]
General Fusion
General Fusion Raises USD $130 Million Series D Round
Vancouver’s General Fusion has raised a USD $130 million Series E round from investors including billionaire Jeff Bezos to help develop a commercial reactor. Backed by the Canadian, U.K., and U.S. governments, General Fusion is globally recognized for its practical and economical approach to creating fusion energy. Fusion is the only zero-carbon firm power solution that […]
General Fusion To Open New Headquarters Near YVR
General Fusion is relocating and expanding its headquarters to Richmond to enable the earliest commercialization of its fusion technology. General Fusion has partnered with Vancouver International Airport (YVR) to lease a 60,000 square foot facility for its new headquarters at the airport on Sea Island, with the intention to begin relocating before the end of […]
General Fusion To Build Its Fusion Demonstration Plant In The UK
Burnaby’s General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UK Atomic Energy Authority’s Culham Campus. The Culham Campus, the home of the UK’s national fusion research programme, is owned and managed by UKAEA, widely recognized as a world leader in fusion energy development and innovation. General Fusion’s FDP will introduce the […]
Shopify Founder Tobi Lütke Invests In General Fusion
Burnaby’s General Fusion announced today the closing of financing from new investor Thistledown Capital. The investment will support the development of the company’s Fusion Demonstration Plant, which will showcase Magnetized Target Fusion technology at power-plant relevant scale. Thistledown was established by Shopify founder Tobias Lütke and his wife Fiona McKean to advance technological solutions for […]
General Fusion Commissions World-renowned Architect To Design Fusion Demonstration Plant
Burnaby’s General Fusion announced today that globally recognized architecture firm AL_A will assist in the design of its Fusion Demonstration Plant (FDP). The FDP is the company’s project to showcase fusion energy’s game-changing potential for mitigating climate change. AL_A is providing the creative leadership to imagine and develop a first-of-its-kind facility for the FDP that […]
Former Hootsuite CFO Lands at General Fusion
General Fusion announced today the appointment of Greg Twinney as Chief Financial Officer. Twinney comes to General Fusion from Vancouver-born Hootsuite where he recently served as Chief Operating Officer, Chief Financial Officer, and SVP Global Sales and Customer Success. Previously, he served as the Chief Financial Officer and Chief Operating Officer of several world-leading technology […]
Eleven Vancouver Companies Included on Narwhal List
The Narwhal Project identifies a set of young Canadian companies that have the potential to become successful on the world stage. The Narwhal List sheds light on the ability of firms to scale up and reach world-class status. 2019 was a remarkable year for Vancouver’s technology sector as there are eleven companies that made the cut. […]
GeekWire 200 Index Update Reveals B.C. Is On The Rise
Our favorite tech publication south of the border has updated their monthly GeekWire 200 rankings and B.C. is on the rise. The GeekWire 200 is derived from the Seattle publication’s database of Pacific Northwest tech startups, including Washington, Oregon and Idaho, and British Columbia. The rankings are generated from publicly available data, including social media […]
The SpaceX Moment for Fusion: General Fusion to Build Demonstration Plant
General Fusion announced today that it has successfully closed USD $65 million of Series E equity financing. The financing was led by Temasek, a global investment company headquartered in Singapore. This funding round together with the release of CAD $50 million in additional investment from Canada’s Strategic Innovation Fund enables the company to formally launch […]