General Fusion

General Fusion

Company developing a magnetized target fusion system to build the first commercially-viable fusion power plant

General Fusion is a company developing the first commercially-viable fusion power plant using magnetized target fusion technology.

Company

General Fusion is located in Burnaby Canada and was established in 2002 by the companies Chief Scientist Michel Laberge. It's magnetized target fusion team consists of over 70 research and development professionals. The team includes Ph.D. scientists from leading fusion research institutions including L’École Polytechnique in France, the Culham Centre for Fusion Technology in the UK, the Joint Institute for High Temperatures at the Russian Academy of Sciences, and Kyushu University in Japan

Technology

General Fusion is aiming to combine it's magnetized target fusion technology with modern electronics, materials, and advances in plasma physics to develop a more practical path to fusion power compared to traditional tokamak approaches.

It uses a sphere filled with molten lead-lithium that is pumped to form a vortex. Then a pulse of magnetically-confined plasma fuel is injected into the vortex. An array of pistons around the sphere creates a pressure wave into the center of the sphere, compressing the plasma to fusion conditions. This process is then repeated, while the heat from the reaction is captured in the liquid metal and used to generate electricity via a steam turbine.

This approach does not require the lasers or giant magnets found in other fusion approaches. Also, the liquid metal wall absorbs energy from the fusion reaction which can then be pumped to heat exchangers. The liquid metal also protects the solid outer wall from damage and can be combined with liquid lithium to breed tritium within the power plant.

Funding

General Fusion investors include energy venture capital funds and the Canadian Federal Government. Its latest investment was a $65 million funding round, led by the Singapore-based investment firm, Temasek. The company will use the funds to start building a demonstration power plant, testing its fusion technology on a commercially-relevant scale.

Collaborators

General Fusion collaborates with leading research institutions around the world including:

  • McGill University
  • Microsoft
  • Princeton Plasma Physics Laboratory
  • Hatch
  • Queen Mary University of London

Timeline

December 17, 2019

General Fusion raises $65 million in Series E funding round led by Temasek Holdings with participation from Business Development Bank of Canada, DLF Group, Gimv, I2BF Global Ventures, Disruptive Technology Advisers, Hatch, and several individual impact investors.

December 17, 2019

General Fusion raises $85 million CAD Series E

General Fusion's round was led by Singapore-based investment firm Temasek Holdings Private Limited, and received additional support from new investors like the Cleantech Practice of Business Development Bank of Canada, the DLF Group, Gimv, I2BF Global Ventures, Disruptive Technology Advisers, Hatch, and several individual impact investors. This Series E brings the company’s total funding to date to over $263 million CAD.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
General Fusion Series B round
19,500,000
May 5, 2011
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People

Name
Role
LinkedIn

Brian Berzin

Vice President, Strategic Initiatives

Carol M. Browner

Business Advisory Council

Christofer M. Mowry

Chief Executive Officer & Director

Donald L. Runkle

Business Advisory Council

Dr. Fred Buckman

Board of Directors Chairman

Dr. Michel Laberge

Founder and Chief Scientist

Dr. Osamu Motojima

Science Advisory Council

Dr. Thomas R. Jarboe

Science Advisory Council

Edward Moses

Science Advisory Council

Gerald L. Kulcinski

Science Advisory Council

Jean-François Béland

Vice President, Corporate Affairs and Strategy – Canada

Klaas de Boer

Board of Directors

Kurt Schoenberg

Science Advisory Council

Mark Dudzinski

Business Advisory Council

Matt Miles

Vice President, Business Development and International Government Relations

Michael Delage

Chief Technology Officer

Michael Dunne

Science Advisory Council

Mike Donaldson

Vice President, Fusion Island Engineering

Wal van Lierop

Board of Directors

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Rethink Fusion: An introduction to General Fusion

July 29th, 2014

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Isabelle Kirkwood
December 17, 2019
BetaKit
Vancouver-based cleantech company, General Fusion, has announced the close of an $85 million CAD Series E round.
May 2, 2019
The Economist
Reactor designs are inspired by everything from smoke rings to shrimps

References

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