Portfolio News | 6 January 2023

General Fusion exceeds core technology performance targets with plasma and compression prototypes

VANCOUVER, Dec. 12 | General Fusion has demonstrated plasma energy confinement times, plasma temperatures, and compression system performance that support meeting its goal of 10 keV.

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GENERAL FUSION ACHIEVES CRITICAL TECHNOLOGY MILESTONE

Successful performance of plasma compression prototype confirms path to commercialization  10 January 2022: General Fusion announced today it has successfully achieved several aggressive performance goals of a prototype system for its Fusion Demonstration Plant (FDP). The company’s plasma compression prototype, located at its Vancouver, Canada laboratory, is being used to demonstrate a critical element of its proprietary Magnetized Target Fusion (MTF) technology. This important milestone marks another significant step toward General Fusion’s goal of creating practical and commercially viable fusion power. Commissioned in early 2021, the prototype machine drives a forceful, but precisely shaped, symmetric collapse of a large liquid vortex cavity in tens of milliseconds. The forces involved in the full-scale FDP compression system will be immense, pushing the limits of material science, fluid dynamics, and mechanical design. Achieving this milestone with the prototype significantly reduces engineering and technical risks for General Fusion’s FDP. It will use a collapsing liquid metal […]

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SHOPIFY FOUNDER INVESTS IN GENERAL FUSION THROUGH THISTLEDOWN CAPITAL

VANCOUVER, Canada (22 July 2020): 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 Magnetized Target Fusion technology at power-plant relevant scale. Thistledown Capital was founded in 2019 to advance technological solutions for decarbonization, aiming to make the biggest impact for future generations by fighting climate change. Based in Ottawa, Canada, Thistledown Capital funds technology breakthroughs that support decarbonization, such as fusion energy. This is the second time the founder of an e-commerce giant has supported General Fusion. Amazon’s Jeff Bezos previously invested in the company through his venture capital fund, Bezos Expeditions. “General Fusion has a strong record of attracting funding support from some of the world’s most influential technology leaders,” said Greg Twinney, CFO, General Fusion. “Fusion is planet-saving technology, […]

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GENERAL FUSION BROADENS GLOBAL GOVERNMENT SUPPORT WITH U.S. DEPARTMENT OF ENERGY AWARD

VANCOUVER, Canada (8 September 2020): General Fusion has been awarded a funding partnership with the U.S. Department of Energy’s (DOE) Office of Fusion Energy Science’s new Innovation Network for Fusion Energy (INFUSE) program, recognizing General Fusion as a global leader on the path to commercializing practical fusion. General Fusion will partner with the Princeton Plasma Physics Laboratory (PPPL), one of the world’s leading fusion research laboratories, to develop models for Advanced Stability Analysis for Magnetized Target Fusion. This project will apply advanced computational stability analyses to model equilibrium states of plasma, providing insights important to the company’s Fusion Demonstration Plant (FDP) project. “We are thrilled with this opportunity to partner with other top fusion community scientists and benefit from the capabilities that PPPL offers,” said Michael Delage, Chief Technology Officer, General Fusion. “This collaboration will develop new plasma stability modeling and simulation capabilities for Magnetized Target Fusion, and the knowledge gained […]

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LUXEXCEL ADVANCES 3D PRINTING TECHNOLOGY

Eindhoven (the Netherlands), February 19th, 2019 – Luxexcel, the pioneer in 3D printed ophthalmic lenses, announces that its proprietary 3D printing technology has advanced from the pilot phase to printing commercial lenses. Over the past 12 months, 5000 lenses have been printed on several VisionPlatforms™ installed in USA and Europe, enabling the company to bring the technology to a level where commercial lenses are being shipped to customers every day. Fabio Esposito, CEO of Luxexcel: “By achieving this level of maturity we are ready to further grow the incredible potential of this technology and develop unique lenses both in ophthalmic and in smart eyewear. 3D printing is uniquely positioned to bridge the gap between traditional lenses and the future of eyewear which resides in smart functionalities.” Luxexcel VisionPlatform™: Commercial lens printing The Luxexcel VisionPlatform™ consists of industrial grade 3D printers, lens-design software and workflow integration tools which enable customers to […]

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