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General Fusion

Fusion Machine Developer
Projects: 9Funding (Investment): 18Funding (Nondilutive): 4Jobs: 12News: 10Articles: 1
General Fusion logo

Founding Year

2002

Location

Canada flag Richmond, British Columbia, Canada

Company Founders

Michel Laberge

Leadership

Greg Twinney, CEO

Michael Delage, CTO

Michel Laberge, Chief Scientific Officer

Website

generalfusion.com

General Fusion is developing fusion energy systems based on Magnetized Target Fusion (MTF) technology. The Canadian company is in the process of building a fusion demonstration machine called Lawson Machine 26 (LM26). LM26 aims to achieve scientific breakeven.

News

Fusion power goes public

Sep 3, 2026 • WAMC

General Fusion Provides First Public Company Business Update

Aug 18, 2026 • General Fusion

General Fusion Completes Business Combination with Spring Valley Acquisition Corp. III

Jul 10, 2026 • General Fusion

Spring Valley Acquisition Corp. III Shareholders Approve Business Combination with General Fusion

Jul 6, 2026 • General Fusion

Claim Check | 2026-07-02

Jul 2, 2026 • The Fusion Conclusion

General Fusion announces first steps to deploying its clean energy in Italy

Jun 24, 2026 • geekwire.com

General Fusion and Renexia Announce Framework Agreement for the Commercial Deployment of Fusion Power in Italy

Jun 24, 2026 • General Fusion

General Fusion Achieves Compressional Plasma Heating with LM26 Magnetized Target Fusion Machine

Jun 22, 2026 • General Fusion

Submitted for Peer Review: The Science of Compressional Heating on the LM26 Magnetized Target Fusion Machine

Jun 22, 2026 • General Fusion

General Fusion’s Joint F-4 with Spring Valley Acquisition Corp. III in Connection with Proposed Business Combination Declared Effective by SEC

Jun 15, 2026 • General Fusion

Articles

September 2025 Fusion Equity Investment Update

September 01, 2025 Investment

Projects

LM26

MRT

MRT image
Description

Magnetized Ring Test (MRT) is a plasma injector project at General Fusion. It uses a magnetized Marshall gun to create a spheromak inside of an aluminum implodable cylindrical liner. The objective of the experiment is to understand losses during compression and eventually to improve plasma heating in future shots.

Mini-Sphere

2013 - Present

Mini-Sphere image
Description

Mini Sphere is designed to aid the development of General Fusion's full scale Magnetized Target Fusion (MTF) reactor. The goal of the experiment is to test their compression technology and validate their simulations. The project construction consists of a one meter inner diameter sphere filled with liquid lead (Pb) surrounded by 14 full scale pistons mounted around the exterior.

PCS

PCS image
Description

PCS (Plasma Compression Small) is an implosion experiment to study the physics of compact toroid (CT) compression. Because the implosions involve chemical explosives, tests take place outdoors in remote locations. The tests are destructive and can only be executed every few months. These tests are carried out to advance the understanding of plasma compression with the goal of advancing toward a power plant scale demonstration.

PI1

2010 - Present

PI1 image
Description

PI-1 is an experimental plasma injector at General Fusion. The device is 5 meters long and 1.9 meter in diameter and has a conical shape. It uses a 2-stage Marshall gun system. The aim of the experiment is to study the physics and engineering needed to produce a spheromak to be used in Magnetized Target Fusion (MTF).

PI2

PI2 image
Description

PI-2 is a continuation of PI-1 at General Fusion that also focused on self-confined plasma. Both PI-1 and PI-2 create self confined spheromaks. The goal of the experiment is to explore high density, medium temperature and fast compression of a spheromak.

PI3

2017 - Present

PI3 image
Description

General Fusion's PI-3 is designed to study the plasma physics of a MTF (Magnetized Target Fusion) reactor scale plasma injector. The experiment consists of a large, single-stage Marshall gun which injects a plasma into a region which includes a current carrying center shaft. This results in the creation of a spherical tokamak rather than a spheromak which was studied in PI-2 and PI-1. The reason for moving to the spherical tokamak design is improved thermal confinement and therefore longer energy confinement time.

SPECTOR

SPECTOR image
Description

SPECTOR (Spherical Compact Toroid) is a 40cm diameter, small scale experimental plasma injector at General Fusion capable of forming spherical tokamak plasmas. There are two versions of SPECTOR. The first is a non-compressed version with extensive plasma diagnostics including Thomson scattering, FIR polarimeter and VUV spectrometer. The second is a compressed machine that needs to be small, inexpensive and robust because it is transported out of the lab and destructively tested. The objective of SPECTOR is to develop the target plasma for General Fusion's liquid metal compression system.

SWC

SWC image
Description

SWC is a liquid compression experiment at General Fusion to explore the stability of the spherical liquid cavity. The size of the experiment is 1/10th the radius of the planned Fusion Demonstration Plant and the operation is currently water-filled. It is manufactured using titanium 3D printing technology.

Funding Received (Investment)

July 10, 2026

roundDeal-Related Financing

$108,000,000

FundersSpring Valley Acquisition Corp. III (SVAC)
AnnouncementDeal-Related Financing: General Fusion completes business combination with Spring Valley Acquisition Corp. III

November 27, 2025

roundFunding

$36,602,647

FundersPenderFund Capital Management
AnnouncementFunding: Sixty-seven undisclosed investors from across BC, the United States, and five other countries invested $51.5 million CAD, of which $51.1 million was raised via simple agreements for future equity (SAFEs), with the remainder in warrants to purchase common shares.

August 21, 2025

roundFinancing

$22,000,000

FundersJameel Investment Management Company (JIMCO)MILFAM

+ 7 More

AnnouncementFinancing: A new day: General Fusion closes oversubscribed US$22 million financing; welcomes new board members

August 8, 2024

round

$14,600,000

FundersBusiness Development Bank of CanadaCanadian Nuclear Laboratories (CNL)
Announcement

August 9, 2023

roundSeries F

$25,000,000

FundersBDC CapitalGIC

+ 1 More

AnnouncementSeries F

December 1, 2021

round

$130,000,000

FundersSegra CapitalBusiness Development Bank of Canada

+ 2 More

Announcement

January 14, 2021

round
FundersThistledown Capital
Announcement

December 16, 2019

roundSeries E

$65,000,000

FundersSET VenturesBraemar Energy Ventures

+ 11 More

AnnouncementSeries E

October 26, 2018

roundFederal investment

$37,500,000

FundersGovernment of Canada Strategic Innovation Fund
AnnouncementFederal investment

August 11, 2015

round

$2,096,794

FundersEntrepreneurs Fund
Announcement

May 19, 2015

round

$1,796,794

FundersEntrepreneurs Fund
Announcement

May 19, 2015

roundSeries D

$19,400,000

FundersGrowthWorksKhazanah National
AnnouncementSeries D

February 26, 2014

round

$2,081,772

FundersBraemar Energy VenturesEntrepreneurs Fund
Announcement

December 21, 2012

round

$1,570,740

FundersBraemar Energy VenturesPenderFund Capital Management

+ 1 More

Announcement

May 5, 2011

round

$1,641,139

FundersBraemar Energy VenturesPenderFund Capital Management

+ 1 More

Announcement

May 4, 2011

roundSeries B

$19,500,000

FundersCenovus EnergyBezos Expeditions
AnnouncementSeries B

June 1, 2010

round

$1,000,000

FundersBraemar Energy VenturesEntrepreneurs Fund
Announcement

July 24, 2009

round

$9,000,000

FundersBraemar Energy VenturesPenderFund Capital Management

+ 1 More

Announcement

Funding Received (Nondilutive)

June 15, 2022

programINFUSE
FundersFusion Energy Sciences (FES)
AnnouncementINFUSE: Beyond Neoclassical Closures for MHD Simulation of General Fusion Devices via Kinetic Monte Carlo Calculations

June 15, 2022

programINFUSE
FundersFusion Energy Sciences (FES)
AnnouncementINFUSE: Tritium Fuel Cycle Modelling and Optimization to Enable Fusion Pilot Plant Development

August 14, 2020

programINFUSE
FundersFusion Energy Sciences (FES)
AnnouncementINFUSE: Advanced stability analysis for magnetized target fusion

March 14, 2016

programGrant

$8,700,000

FundersSustainable Development Technology Canada (SDTC)
AnnouncementGrant

Jobs

General Fusion logo

Mechanical Engineer

General Fusion

Richmond, British Columbia, Canada

Mechanical Engineering

CAD 95,000–115,000

Full-time

Found 23 days ago

General Fusion logo

Mechanical Engineer (Liner Operations)

General Fusion

Richmond, British Columbia, Canada

Mechanical Engineering

CAD 78,000–95,000

Full-time

Found 23 days ago

General Fusion logo

Applied Physicist

General Fusion

Richmond, British Columbia, Canada

Physics

CAD 80,000–120,000

Full-time

Found a month ago

General Fusion logo

Electrical Engineer

General Fusion

Richmond, British Columbia, Canada

Electrical Engineering

CAD 72,000–88,000

Full-time

Found 2 months ago

General Fusion logo

Diagnostics Technician

General Fusion

Richmond, British Columbia, Canada

Technician

CAD 70,000–85,000

Full-time

Found 2 months ago

General Fusion logo

Plasma Physicist

General Fusion

Richmond, British Columbia, Canada

CAD 121,000–142,000

Full-time

Found 2 months ago

General Fusion logo

Diagnostic Physicist

General Fusion

Richmond, British Columbia, Canada

Physics

CAD 145,000–175,000

Full-time

Found 2 months ago

General Fusion logo

Research Technician

General Fusion

Richmond, British Columbia, Canada

Technician

CAD 74,000–88,000

Full-time

Found 3 months ago

General Fusion logo

Electrical Engineer

General Fusion

Richmond, British Columbia, Canada

Electrical Engineering

CAD 140,000–170,000

Found 3 months ago

General Fusion logo

Analytical Mechanical Engineer

General Fusion

Richmond, British Columbia, Canada

Mechanical Engineering

CAD 95,000–115,000

Found 3 months ago

General Fusion logo

Controls Engineer

General Fusion

Richmond, British Columbia, Canada

Electrical Engineering

CAD 90,000–110,000

Found 3 months ago

General Fusion logo

Future Opportunities

General Fusion

Richmond, British Columbia, Canada

Mechanical EngineeringElectrical EngineeringPhysics

Found 3 months ago

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General Fusion logo

Founding Year

2002

Location

Canada flag Richmond, British Columbia, Canada

Company Founders

Michel Laberge

Leadership

Greg Twinney, CEO

Michael Delage, CTO

Michel Laberge, Chief Scientific Officer

Website

generalfusion.com

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