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 [...]
VANCOUVER, British Columbia, Jan. 9 (Korea Bizwire) — General Fusion announced today that it has entered into an industrial partnership with Hatch Ltd. (Hatch) to bring power plant engineering and other expertise to its Fusion Demonstration Plant project. This partnership includes an investment by Hatch into the recently announced General Fusion USD $65 million Series [...]
VANCOUVER, British Columbia, Dec. 16 (Korea Bizwire) — General Fusion announced 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 USD$65 million of new financing, together with the release of CAD$50 million in additional investment from Canada’s Strategic [...]
BURNABY, British Columbia, Oct. 26 (Korea Bizwire) — In the face of global economic challenges, the Government of Canada is continuing to invest in innovative sectors such as clean technology to create well-paying middle-class jobs, grow Canada’s economy and address the world’s environmental challenges. Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic [...]