General Fusion, Inc.

General Fusion, Inc.

General Fusion, Inc.

Overview
Date Founded

2002

Headquarters

3680 Bonneville Place,Suite 108,Burnaby, BC V3N 4T5

Type of Company

Private

Employees (Worldwide)

51 - 100

Industries

Power & Utilities
Other Business & Consulting Services
Alternative Energy
Other Manufacturing
Holding Companies

Company Description

General Fusion is developing nuclear fusion technology to generate cheap, safe and plentiful energy without greenhouse gas emissions, pollution, or radioactive waste. Nuclear fusion is a process in which hydrogen atoms are fused together to form helium. This reaction releases significant amounts of heat, which can be used to generate electricity using traditional steam turbines. The necessary isotopes of hydrogen can be extracted from seawater and derived from lithium, resulting in a ubiquitous sitsce of fuel and providing a nearly endless supply of clean energy.General Fusion's approach is based on "magnetized target fusion" concepts first developed about 30 years ago. This approach is a hybrid of traditional "magnetic fusion" and "inertial confinement fusion" methods, and involves first confining plasma in a magnetic field, and then compressing the confined plasma to thermonuclear conditions. General Fusion's patent-pending fusion technology involves the equipment needed to contain and compress the plasma, and the systems needed to manage the process. General Fusion is a Canadian venture capital-backed company led by a team of experienced physicists and technology development experts. They are working with government, institutional and industrial partners and consultants to develop a full-scale proof-of-concept fusion generator to demonstrate a net gain in energy within fits years something that traditional approaches have never achieved. Commercialization would take place before the end of the decade.

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Executives & Employees

Founder

Chief Executive Officer & Director

Chief Financial Officer

Vice President, Strategy & Corporate Development

Senior Vice President, Prototype Deployment

Vice President, Corporate Affairs & Strategy-Canada

Vice President, Business Development & Marketing

Vice President, Fusion Island Engineering

Vice President, Engineering

Board of Directors

Managing Partner at Entrepreneurs Fund

Co-Founder at SET Management BV

Fund Advisor at True North Management Partners LLC

Chief Executive Officer & Director at General Fusion, Inc.

Vice President, Energy Systems at Pacific West Energy LLC

Former Director, Industry Strategy at Sustainable Development Technology Canada

Founder at General Fusion, Inc.

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Recent Transactions
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General Fusion, Inc. raised money in a private placement transaction

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General Fusion, Inc. raised money in a private placement transaction

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General Fusion, Inc. raised money in a private placement transaction

Investors
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GIC Pte Ltd. operates as non-commodity-based sovereign wealth fund. It invests in the unlisted public and private equity with a focus on health care, financial and business services. The company was founded by Goh Keng Swee in 1981 and is headquartered in Singapore.

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SET VP is a hands-on manager which invests in innovative early and later-stage technology companies in the sustainable energy sector including, but not limited to energy sources (solar, biofuels and biogas, wind, hydrogen, wave and tidal technologies, geothermal, waste gasification, power storage, fuel cells) and energy efficiency/saving technologies (supply side, transportation, green buildings, industry, digital energy). Their geographic focus is on Europe.The firm seeks to invest in companies with a solid management team, a significant technological advantage, an attractive market and the potential to become the leader in their market. They partner with their investee companies to provide management support, business development assistance, additional funding resources and industry insights and Invest on average €6M per company to activate and support their growth

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