General Fusion is a Canadian company pioneering the development of fusion power technology aimed at producing clean, safe, and sustainable energy. Founded in 2002 by physicist Dr. Michel Laberge, the company is headquartered in Richmond, British Columbia. General Fusion employs Magnetized Target Fusion (MTF) technology, which combines magnetic fields and plasma physics to achieve conditions suitable for nuclear fusion. Over the years, it has raised significant investments from leaders in the energy and technology sectors, including notable backing from investor Jeff Bezos. The company’s mission is to commercialize fusion energy and contribute significantly to the clean energy transition.
| Attribute | Information |
|---|---|
| Founding Date | 2002 |
| Headquarters | Richmond, British Columbia, Canada |
| Founders | Dr. Michel Laberge |
| Revenue | $39.3 million (2024 estimate) |
| Key Investors | Jeff Bezos, Chrysalix Energy Venture Capital, Business Development Bank of Canada |
| Industry | Renewable Energy, Nuclear Fusion |
| Number of Employees | Over 150 |
Founded in 2002 by Dr. Michel Laberge, General Fusion began on Bowen Island, British Columbia, with an aspiration to mitigate climate change by harnessing the power of fusion energy. The initial focus was on developing Magnetized Target Fusion technology, which promised a pathway to practical fusion energy. Over the years, the company gradually transitioned from a research phase to creating prototypes and engaging in significant collaborative projects worldwide. Early investments and a vision for clean energy drove the company to design fusion systems using a unique approach that involves mechanically compressing a magnetic field to achieve the necessary conditions for fusion. By continually refining this technology, General Fusion laid a robust foundation for its future demonstration projects.
General Fusion is at the forefront of the fusion energy sector, utilizing its distinct Magnetized Target Fusion approach. Key achievements include:
At present, General Fusion is advancing its proprietary Magnetized Target Fusion technology to reach commercial viability. The company aims to deliver an economical and carbon-free fusion energy solution that positions it as a leader in the fusion space. By leveraging its innovative design, General Fusion seeks to capture significant market share in the renewable energy sector. The construction of its demonstration plant in the UK and various strategic collaborations accentuate its readiness to play a vital role in the global clean energy transition. General Fusion's integration of advanced physics, engineering, and collaborative efforts marks a pivotal movement towards realizing its goal of providing industrial-scale fusion energy by the 2030s.
General Fusion represents a paradigm shift in how energy possibilities are being envisioned with its distinctive Magnetized Target Fusion technology. By addressing the engineering challenges associated with traditional nuclear fusion, the company is accelerating the timeline to bring fusion power to the grid. With substantial backing and strategic initiatives, General Fusion is poised to make significant contributions to the clean energy landscape. As it continues to progress towards the construction and validation of its demonstration plants, the company stands at the forefront of a potential energy revolution, with impacts that could redefine how energy is produced globally in the forthcoming decades.