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Earlier this week General Fusion secured a $27 million (CAD) investment with the closing of our biggest round of financing to date. This funding puts us in a very strong financial position and will allow us to continue the development of our Magnetized Target Fusion (MTF) technology: the fastest and most practical approach to commercial fusion energy production. Since Dr. Michel Laberge founded General Fusion in 2002, we’ve become the global leader in MTF and have made tremendous technical progress. We’ve also raised $100 million in order to make this happen.

General Fusion is a small company trying to solve a big problem. Our team of 65 (physicists, engineers and technologists) is working on proving that our approach to fusion is the quickest and most practical. We’ve got quite a few talented, smart people here, but we know that there are many talented, smart people elsewhere.

Right now you can’t go two days without reading about the low price of oil, oversupply, the economic implications, and forecasts for the future.  With our large oil and gas sector, this is particularly true in Canada, and there have been plenty of “what does it mean for fusion?” questions coming our way. The answer becomes obvious if you think broadly about our current energy system.  Let’s look at a few factors:

It’s been interesting to observe and, to some degree, be involved in the media coverage that accompanied Lockheed Martin’s announcement revealing their Skunk Works Compact Fusion Reactor program. What a way to close out 2014! In the wake of the Lockheed announcement, fusion has been featured in Aviation Week, New Scientist, The Guardian, Wired, Popular Mechanics, Physics Today, Forbes, Science, the Washington Post, NBCNews, The Economist, Foreign Policy, etc.  The intensity of the Lockheed coverage – and to a smaller extent the announcement by Prof. Tom Jarboe and his team at the University of Washington the week before – has probably surprised everyone in the field.  The fusion community is used to toiling earnestly in the lab without much in the way of public profile.

The following was written by Terry Dee, Director /Design & Experience at Rival Schools. He posted it to his personal blog at tdee.ca. TED was an exciting event for our whole company and the partners we worked with, and many people inside and outside contributed. Terry did nice job capturing the essence of what went on behind the scenes, and has kindly given permission for us to repost it here. Hope you enjoy it.

Michel Laberge founded General Fusion in 2002, and by 2003 he had raised some funds to begin building his first magnetized target fusion experiment in lab space at the University of British Columbia. In 2005, seeking a shorter commute, and always looking to focus his investor dollars where they count (in the technology), he found an inexpensive spot: an old car garage on Bowen Island, not far from Vancouver and just up the hill from the ferry dock.  We thought we'd share a few photos from those early days...  very different than the busy lab at General Fusion today!

Last week, The Vancouver Sun ran a story from The Edmonton Journal about progress in the field of fusion energy and asked whether Canada “could be left in the dust in terms of research.”

While Canada has not had a national fusion program since the 1990s, there is an internationally recognized fusion effort right here in Metro Vancouver: General Fusion. And by far the largest concentration of fusion research and development in this country is also right here, at General Fusion’s Burnaby headquarters. With the progress the company is making and activity building around the world, the time is right to look at the opportunity for Canada in fusion energy.