General Fusion
General Fusion is a company focused on bringing fusion energy to market using Magnetized Target Fusion (MTF) technology, aiming to deliver zero-carbon energy by the early to mid-2030s.
Services
General Fusion pursues the fastest, most practical path to bringing fusion energy to market using Magnetized Target Fusion (MTF) technology. The company aims to deliver zero-carbon energy to the grid by the early to mid-2030s. General Fusion's approach solves engineering challenges facing commercial fusion practically and cost-effectively, offering a sustainable energy solution. By advancing the design of commercial power plants and fusion systems, General Fusion plays a crucial role in the energy sector's transition to deep decarbonization.
Projects
General Fusion is building a new MTF fusion machine in Richmond, British Columbia, known as Lawson Machine 26 (LM26). This machine is designed to achieve fusion conditions of over 100 million degrees Celsius by 2025, with a goal of achieving breakeven by 2026. Additionally, General Fusion has launched a Fusion Demonstration Plant project in the UK at the UKAEA Culham Campus. Furthermore, the company has established projects in collaboration with Canadian Nuclear Laboratories (CNL) and TRIUMF to advance the design and diagnostic systems of its commercial fusion power plants.
Investors and Funding
General Fusion is backed by leading investors and government support. The company has raised $130 million in an oversubscribed transitional financing round. Additionally, it has received funding from the U.S. Department of Energy to advance its Magnetized Target Fusion technology. This robust financial backing underscores General Fusion's potential in the estimated $1 trillion per year fusion market opportunity.
International Collaborations
General Fusion has entered into significant collaborations to advance its technology and projects. Notably, General Fusion and TRIUMF received an NSERC Alliance grant to develop a state-of-the-art diagnostic system for the LM26 fusion machine. The company's Fusion Demonstration Plant in the UK at the UKAEA Culham Campus is another key international collaboration, reflecting its recognized leadership in the field of deep decarbonization and commercial fusion energy development.
Headquarters and Facilities
General Fusion is headquartered in Richmond, British Columbia, Canada. The company also established its U.S. headquarters in Oak Ridge, Tennessee. These strategic locations enable General Fusion to collaborate closely with scientific and energy research institutions, leveraging regional expertise to advance its fusion technology and commercial power plant designs.