VANCOUVER, British Columbia, April 4 (Korea Bizwire) — General Fusion announced today the formation of a unique Market Development Advisory Committee (MDAC) to guide the development of its commercial fusion power plant. MDAC members include utilities serving millions of customers, innovative renewable energy providers, and companies leading the decarbonization of heavy industry. These companies span [...]
VANCOUVER, British Columbia, Jan. 10 (Korea Bizwire) — General Fusion announced today 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, Canada laboratory, is being used to demonstrate a critical element of its proprietary Magnetized Target Fusion [...]
VANCOUVER, British Columbia, Nov. 30 (Korea Bizwire) — General Fusion announced today it is closing an oversubscribed $130 million (USD) Series E funding round filled by a new syndicate of global investors. This financing, led by Temasek, significantly expands the company’s portfolio of institutional, sovereign, family office, and high net worth investors, providing the prelude [...]
VANCOUVER, Canada and LONDON, UK, June 17 (Korea Bizwire) — (BST) – The UK Atomic Energy Authority (UKAEA) and General Fusion have announced an agreement under which General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UKAEA’s Culham Campus. General Fusion will enter into a long-term lease with UKAEA following construction of a [...]
VANCOUVER, British Columbia, Nov. 17 (Korea Bizwire) — Today, General Fusion announced a partnership with globally recognized architecture firm AL_A to 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 [...]
VANCOUVER, British Columbia, Aug. 13 (Korea Bizwire) — Today, General Fusion announced the appointment of Klaas de Boer as Chairman of its Board of Directors. This appointment coincides with the arrival of new institutional investors backing the Company’s program to commercialize practical fusion energy. This program includes constructing a Fusion Demonstration Plant, which will showcase [...]
VANCOUVER, British Columbia, July 22 (Korea Bizwire) — General Fusion announced today that it has closed additional financing in support of its Fusion Demonstration Plant (FDP) program. Highlighting this new financing are two more globally recognized institutional investors, led by GIC, together with the deep technology fund IBX, in a significant expansion of institutional support [...]
VANCOUVER, British Columbia, March 16 (Korea Bizwire) — General Fusion announced today the appointment of clean energy pioneer George (Chip) A. Hambro to its Board of Directors. Mr. Hambro brings deep experience leading successful technology development and business operations in Fortune 500 technology corporations. He joined early stage start-up First Solar in 2001 and as [...]
VANCOUVER, British Columbia, Feb. 18 (Korea Bizwire) — General Fusion announced today the appointment of Greg Twinney as Chief Financial Officer (CFO). Mr. Twinney brings to his new role with General Fusion more than 20 years of global experience in financing growth and success in the technology sector. His financial leadership has successfully realized strong [...]
VANCOUVER, British Columbia, Jan. 23 (Korea Bizwire) — General Fusion announced today the appointment of Michael Cappello as Senior Vice President, Prototype Deployment. In his new position, Mr. Cappello will lead the company’s Fusion Demonstration Plant deployment, managing all aspects of the prototype site selection and construction. He will also lead global Regulatory Affairs for [...]