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Type of Company:
Type:
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Company
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Ownership: |
Privately Held |
Company Size: |
100-499 Employees In BC (100-499 Total)
100-499 In BC (100-499 Total)
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Year Founded: |
2002 |
Sector: |
CleanTech and Energy Technologies
CleanTech & Energy
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Region: |
Lower Mainland / South Coast
Lower Mainland
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Key Links: |
Company Blog
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Tags: |
fusion technology, energy, renewable, nuclear, magnetized target
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Profile Views: |
5,870 Company Profile Views |
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General Fusion was founded in 2002 with a goal to transform the world's energy supply by developing the fastest, most practical, and cost-competitive path to commercial fusion power.
In 2006, Dr. Michel Laberge completed proof-of-principle experiments, and with the support of leading venture capital firms, General Fusion began building a team that today is recognized as a global leader in commercial fusion energy.
The company has now grown to a team of more than 70 at its world class laboratories in Burnaby, just outside Vancouver, where it is developing the key components of the world's first fusion power plant.
General Fusion has been recognized globally for its work in clean energy technology, and is a member of the Cleantech Global 100 (2014, 2015, 2016/17) as well as the recipient of numerous Canadian and international cleantech awards. In the media, Dr. Laberge's 2014 TED Talk about fusion energy has attracted over one million viewers, and the company has been featured in publications such as TIME Magazine, Scientific American and BBC Horizons.
Fusion energy has the potential to create a cleaner, safer world, and General Fusion is developing the technology to make it available as soon as possible.
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Date |
Type |
Amount |
Investors |
Nov 30, 2021 |
Series E |
$130 Million CAD |
$130 million (USD) Series E funding round filled by a new syndicate of global investors. |
Dec 17, 2019 |
Unattributed |
$65 Million USD |
In addition to Temasek, the Cleantech Practice of Business Development Bank of Canada (BDC), the DLF Group, Gimv, I2BF Global Ventures, Disruptive Technology Advisers (who also assisted the Company in the financing), Hatch, and several individual impact investors have become new investors in General Fusion. |
Date |
Type |
Amount |
Investors |
Nov 30, 2021 |
Series E |
$130M CAD |
$130 million (USD) Series E funding round filled by a new syndicate of global investors. |
Dec 17, 2019 |
Unattributed |
$65M USD |
In addition to Temasek, the Cleantech Practice of Business Development Bank of Canada (BDC), the DLF Group, Gimv, I2BF Global Ventures, Disruptive Technology Advisers (who also assisted the Company in the financing), Hatch, and several individual impact investors have become new investors in General Fusion. |
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Want More General Fusion Inc. News? 1 2 3
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Next »
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Jan 13, 2023
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General Fusion's UK Demonstration Plant Receives Planning Approval, Fusion Machine Expected to be Operational by 2027
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Dec 13, 2022
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General Fusion Exceeds Core Technology Performance Targets With Plasma and Compression Prototypes in Company's Fusion Demonstration
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Nov 15, 2022
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General Fusion and Canadian Nuclear Laboratories (CNL) Sign MOU to Advance Commercial Fusion Energy
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Nov 4, 2022
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General Fusion Forges Ahead on Its Unique Magnetized Target Fusion Technology With the Fabrication of an at-Scale Fusion Vessel Trial Ring
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Nov 3, 2022
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General Fusion and UK Atomic Energy Authority (UKAEA) Announce Collaborative Agreement to Advance Commercial Fusion Energy
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Jul 28, 2022
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General Fusion Receives Two Funding Awards From the U.S. Department of Energy to Advance Its Magnetized Target Fusion Technology
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Jul 13, 2022
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General Fusion Names CFO Greg Twinney as New Chief Executive Officer
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Apr 26, 2022
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General Fusion to Build Global Market for Fusion Energy With Industry Leaders, Forms Portfolio of Prospective Early Fusion Adopters
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Feb 15, 2022
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British Columbia-based General Fusion, Bruce Power and Nuclear Innovation Institute Sign Agreement to Advance a Net-Zero Future
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Jan 12, 2022
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General Fusion Achieves Critical Technology Milestone for Practical Fusion Power
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