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Commercial nuclear fusion or “fusion energy” is a long-standing goal in the energy business.  Essentially the same force that powers the stars, it promises clean, safe and almost limitless energy.  Yet harnessing it on Earth is highly challenging, both from a technical and from a commercial standpoint.  Over the course of the last few decades, government and private industry have been steadily overcoming these challenges to the point that we are very close now to having the ultimate energy source commercially viable.

Latest funding round brings total investment in the Burnaby, B.C.-based energy company to more than $100 million Canadian alternative energy company General Fusion has just completed its largest round of fundraising to date, in the amount of $27 million. The new funding, led by Malaysia’s sovereign wealth fund, brings the Burnaby, B.C.-based firm’s total venture capital raised to more than $100 million.

BC Premier Christy Clark chose General Fusion as the venue to introduce the Climate Leadership Team on Tuesday May 12th.  This team will provide government with expert advice and recommendations for Climate Action Plan 2.0 – the next phase of BC’s global leadership to tackle climate change.  The Premier said General Fusion was chosen as an example of the kind of clean energy enterprise that has emerged under BC’s climate leadership.

A Vancouver-area high-tech company developing fusion energy is stepping out of the often cloistered world of fusion science to crowdsource difficult engineering problems. General Fusion, a 65-person operation in the suburb of Burnaby, has allied with renowned US-based innovation crowdsourcing company Innocentive to find a seal for its fusion creation system.  The seal must withstand immense pressure, extreme, sun-like temperatures, and many colossal impacts.  Innocentive crowdsources innovative solutions from "the world's smartest people" who compete to provide solutions to business, social, policy, scientific and technical challenges.

The second annual NEXTBC Showcase of Innovation & Awards Night is fast approaching. DigiBC is bringing together some of BC’s top companies in technology, digital creativity and innovation, and giving the public the opportunity to learn about the great ideas and individuals behind them. Last year’s top five companies were General Fusion (Gold), D-Wave Systems (Silver), Avigilon (Bronze), CapTherm & UrtheCast. While not in the top five, FusionPipe won the Audience Choice award.

General Fusion’s plan to rescue Earth from the calamity of global warming involves an ironic feat of physics: How to make a miniature sun and contain it. Yet not even the challenge of bottling the kind of superheated energy powering the centre of our solar system fazes the founder of the Burnaby, B.C., cleantech firm. Asked about the doomsday-dodging promise of his experimental nuclear fusion reactor, company founder and chief scientist Michel Laberge was unequivocal.

What if fusion became commercial? Nuclear fusion, says Stephen Hawking, could “provide an inexhaustible supply of energy, without pollution or global warming”. The technology’s promises are many, but how would the arrival of commercial fusion affect the design of our energy system?

General Fusion's CEO, Nathan Gilliland interviewed by Amanda Lang on the CBC News Network about Lockheed Martin's fusion announcement and the future of fusion technology.

Traditionally, fusion energy research has meant huge efforts like the $20 billion multinational ITER project and $3.5 billion National Ignition Facility. But that may be changing. In unassuming industrial units across North America, Europe, and elsewhere, small teams of scientists and engineers supported partly or entirely by private finance are working out novel approaches to fusion. Their goal: to design financially viable power reactors simpler and cheaper than the government-funded behemoths and to build them faster. Some of the new technologies look bizarre, but venture capitalists are convinced that each holds at least a slim chance of an enormous payoff.