VANCOUVER, Canada (10 February 2021): General Fusion announced today that Mohan Natarajan is joining the executive team as Vice President, Investor Relations. Mr. Natarajan brings vast experience in building strategic partnerships, with a record of more than $1 billion in energy-focussed transactions. As Vice President
MONTREAL, Canada (20 January 2021): Three-year project funded in part by Natural Science and Engineering Research Council (NSERC) will help Canadian company demonstrate fusion energy in a commercially relevant environment, paving the way to a limitless source of clean energy. McGill University and General Fusion...
VANCOUVER, Canada (14 January 2021): Today, General Fusion announces the close of financing from new investor, Thistledown Capital, a firm established by Shopify founder Tobias Lütke and his wife, Fiona McKean. The investment will support the development of the company’s Fusion Demonstration Plant, which will showcase.
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Combatting climate change while powering the world is one of the greatest challenges of the 21st century. Fusion energy has the potential to meet this challenge with clean, safe, affordable, and on-demand energy. A commercial fusion power plant will make a 100% zero carbon grid technically and economically viable, resulting in a practical energy portfolio that addresses climate change.
General Fusion has developed the key subsystems for its unique technology, including the world’s largest and most powerful plasma injector, and is now embarking on its most ambitious project to date: a fusion demonstration plant that will confirm the capability to produce electricity from fusion energy – a world first.
Since its founding in 2002 by Dr. Michel Laberge, the company has grown to a team of more than 70 engineers, scientists, physicists, and business development professionals at its world-class laboratories near Vancouver, Canada.
Global energy demand and the threat of climate change pose twin challenges on a grand scale. The International Energy Agency forecasts that by 2040, China will need an additional 3 to 4 thousand terawatts of electricity supply, the equivalent of adding the entire existing US electrical grid.
Electricity demand is the fastest form of energy use and will be pushed further by electric vehicles and the move to electric heating.
One of the climate goals in the Paris Agreement is to keep a global temperature rise well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increases over 1.5 degrees Celsius. To keep up the climate goals in the Paris Agreement, new technologies are needed to safely and economically deliver clean energy on-demand.
Newly matured enabling technologies such as 3D printing, machine learning and high-speed electronics are now opening innovative new pathways to commercial fusion energy.
Fusion has the potential to provide, clean, safe, affordable, and on-demand energy and complement renewables like wind and solar while replacing fossil fuels.
General Fusion is the only private fusion company working towards an end-to-end fusion demonstration plant that will confirm the capability to produce electricity from fusion energy.
General Fusion is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers.
Christofer M. Mowry, Chief Executive Officer & Director – has over 30 years of global experience in the energy and infrastructure sectors, including power, oil & gas, automation, and process industries.