JIMCO Technology Fund has invested in General Fusion to accelerate the commercialization of fusion energy, reinforcing its commitment to sustainable energy solutions.
Information on the Target
General Fusion, founded in 2002, is a pioneering company focused on the commercialization of fusion energy. The company is advancing its Magnetized Target Fusion (MTF) technology and is actively working on its power-plant scale Fusion Demonstration Plant, which is located at the UK Atomic Energy Authority’s (UKAEA) Culham Center for Fusion Energy. This facility aims to demonstrate the viability of fusion energy as a sustainable power source.
With its headquarters in Vancouver and additional facilities near Oak Ridge National Laboratory in the USA, General Fusion is positioning itself at the forefront of the fusion energy sector. The company is driven by a commitment to develop clean, unlimited energy solutions that can replace traditional fossil fuels.
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Industry Overview in Canada
The fusion energy sector in Canada is rapidly gaining traction as technological advancements and government support align to push the boundaries of clean energy. The Canadian government i
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JIMCO Technology Fund
invested in
General Fusion
in 2021
in a Other deal
Disclosed details
Transaction Size: $130M