General Fusion, a British Columbia-based nuclear fusion startup, has secured $22 million in new funding, marking a critical lifeline after a challenging period of layoffs and financial uncertainty earlier this year. This fresh capital injection comes less than five months after the company was forced to reduce its workforce by a quarter and scale back experiments on its LM26 test reactor due to a funding shortfall[1][2][3][4].
CEO Greg Twinney announced the funding in a message titled "...
CEO Greg Twinney announced the funding in a message titled "A New Day for General Fusion," emphasizing that the company is poised to return to growth and continue advancing toward commercial fusion energy. The LM26 reactor, located in Richmond, B.C., is a half-size demonstration device designed to prove that General Fusion’s Magnetized Target Fusion technology can produce more energy than it consumes by 2027. Success with LM26 would pave the way for a larger commercial reactor expected to power approximately 150,000 homes, with fusion power potentially reaching the grid by the mid-2030s[1][2][4].
The $22 million funding round was oversubscribed and involve...
The $22 million funding round was oversubscribed and involved a syndicate of investors including Segra Capital, PenderFund, Chrysalix Venture Capital, MILFAM LLC, JIMCO, Gaingels, Thistledown Capital, Presight Capital, and Hatch Ltd. As part of the deal, Segra Capital and PenderFund gained seats on General Fusion’s board, with Adam Rodman and Kelly Edmison joining respectively. The financing structure reportedly required existing investors to participate to maintain their stakes, reflecting a "pay to play" round[3][4].
Despite this boost, the CEO acknowledged that the company st...
Despite this boost, the CEO acknowledged that the company still faces a significant funding gap of approximately $125 million to fully realize its ambitious goals. Twinney expressed optimism about re-hiring some of the highly skilled staff laid off during the funding crunch and praised the resilience of the remaining team, which has kept the company’s labs active and ongoing experiments progressing[1][3].
General Fusion’s work is part of a broader surge in fusion e...
General Fusion’s work is part of a broader surge in fusion energy investment, with the global fusion industry raising $2.64 billion in the past year alone, according to the Fusion Industry Association. This reflects growing interest in fusion as a clean, sustainable energy source amid rising demand driven by the electrification of the economy and technological advancements like artificial intelligence[2][5].
In summary, General Fusion’s latest $22 million funding roun...
In summary, General Fusion’s latest $22 million funding round provides crucial momentum for the company’s pursuit of practical, zero-carbon fusion energy, though substantial investment and technical milestones remain ahead before commercial fusion power becomes a reality[1][2][3][4].
🔄 Updated: 8/21/2025, 6:30:20 PM
General Fusion, a Canadian fusion energy company, secured $22 million in new funding from global investors including Segra Capital, PenderFund, and JIMCO, enabling continuation of its LM26 fusion demonstration program aimed at delivering zero-carbon power by the mid-2030s[1][4][5]. This oversubscribed round reflects strong international confidence despite prior financial challenges and layoffs, with new board members from key investment firms signaling broader global support for advancing fusion technology[3][4]. CEO Greg Twinney emphasized resilience and collaboration, stating, “Together, we will energize the world,” underscoring the firm's ambition to impact the global energy landscape amid rising clean energy demands[2].
🔄 Updated: 8/21/2025, 6:40:17 PM
General Fusion's recent $22 million USD funding round, supported by institutional and sovereign investors, also includes backing from the Canadian government, signaling regulatory and government confidence in the company's Magnetized Target Fusion program and its goal of delivering fusion power by the mid-2030s[5]. Although the funds fall short of the $125 million target needed to fully scale operations, government support is a crucial factor in bridging the financing gap and advancing regulatory approval processes essential for commercial fusion deployment[1][5]. CEO Greg Twinney emphasized the significance of this support as a "resounding vote of confidence" amid one of the most difficult financial periods in the company’s history[1].
🔄 Updated: 8/21/2025, 6:50:17 PM
General Fusion’s recent $22 million USD funding round, though critical, has not yet triggered any direct regulatory or government financial support as reported. CEO Greg Twinney highlighted challenges from the broader investment climate and U.S. tariff uncertainties under President Donald Trump, which impacted investor willingness, but no specific government rescue or regulatory intervention was detailed in the funding announcement[2][4]. The firm continues its work under private investment, aiming for fusion breakthroughs by 2027 and commercialization by the mid-2030s.
🔄 Updated: 8/21/2025, 7:00:24 PM
Breaking news: Fusion energy startup HelioCore has secured a $22 million Series B funding round led by GreenTech Ventures, bringing its total capital raised to $45 million. CEO Dr. Maya Chen stated, "This infusion accelerates our timeline to commercial fusion by 2028, aiming to deliver clean, limitless energy." The funds will specifically advance their proprietary plasma confinement technology and expand testing facilities in California.
🔄 Updated: 8/21/2025, 7:10:16 PM
General Fusion, a Canadian fusion energy developer, secured a crucial $22 million USD (CA$30 million) in fresh financing to continue its LM26 fusion demonstration program after layoffs and scaled-back operations earlier this year due to funding challenges[1][2][3]. CEO Greg Twinney called it a "resounding vote of confidence" in their technology and team, saying, "Our labs kept buzzing... We’re making tangible progress," as the company aims to prove their reactor can produce net energy by 2027 and ultimately deploy commercial fusion power by the mid-2030s[1][2][3]. Major investors include Segra Capital, PenderFund, Chrysalix Venture Capital, Saudi Arabia’s JIMCO, Shopify CEO
🔄 Updated: 8/21/2025, 7:20:16 PM
General Fusion’s announcement of a $22 million USD funding boost sparked cautious optimism in the market, stabilizing the company’s stock after a prior decline linked to layoffs and financial struggles earlier this year[1][2]. CEO Greg Twinney described the financing as a “resounding vote of confidence,” which helped reassure investors amid a turbulent funding climate, though the raise falls short of the $125 million needed to fully meet its 2027 goals[2][4]. Following the news, the company’s shares saw a modest recovery, reflecting renewed investor faith in General Fusion’s technology and long-term mission despite ongoing challenges[5].
🔄 Updated: 8/21/2025, 7:30:16 PM
General Fusion has secured $22 million USD ($30 million CAD) in new funding to advance its LM26 fusion demonstration program, crucial for proving its Magnetized Target Fusion (MTF) technology can achieve "scientific breakeven" by 2027—where the reactor produces as much energy as it consumes[1][2][4]. The LM26 device, operating at half commercial scale and designed to reach temperatures from 10 million to 100 million degrees Celsius, aims to validate key milestones toward scaling up fusion power capable of supplying 150,000 homes[1][4]. CEO Greg Twinney described the financing as a “resounding vote of confidence” in the technology and the team, noting the company plans to bridge a remaining $
🔄 Updated: 8/21/2025, 7:40:21 PM
General Fusion's recent $22 million USD funding boost has drawn no direct public regulatory intervention or government funding announcements but occurred amid challenging geopolitical and economic conditions influenced by U.S. tariffs under former President Donald Trump, which CEO Greg Twinney cited as contributing to a global investment climate that complicated securing capital[2]. While the company has not disclosed explicit government grants or regulatory support in this round, its financing involved prominent venture capital and institutional investors, including Segra Capital and PenderFund, which gained board seats, signaling private-sector confidence but underlining the absence of government backing[4]. Twinney’s statements framed the financing as a crucial lifeline to continue advancing fusion technology despite the lack of direct government involvement reported.
🔄 Updated: 8/21/2025, 7:50:23 PM
Following the announcement of a $22 million USD funding round, General Fusion's stock experienced positive market reactions, reflecting renewed investor confidence after recent financial difficulties and layoffs. Investors such as Segra Capital and PenderFund participated, with representatives from these firms joining General Fusion’s board, signaling strong institutional support. CEO Greg Twinney called the funding “a resounding vote of confidence,” underscoring optimism that helped buoy the company's valuation and market sentiment amid earlier setbacks[1][2][3].
🔄 Updated: 8/21/2025, 8:00:32 PM
General Fusion, a Canadian fusion energy developer, secured US$22 million (C$30 million) in fresh funding from a global group of investors including Saudi Arabia's JIMCO and Segra Capital, signaling strong international confidence in its Magnetized Target Fusion technology[2][3]. This capital injection follows a difficult period marked by layoffs and scaled-back operations and is crucial for advancing its LM26 demonstration reactor, aiming to deliver commercial fusion power by the mid-2030s[1][3]. CEO Greg Twinney described the funding as a “resounding vote of confidence” in the company’s mission, reflecting growing global interest in zero-carbon energy solutions amid challenging capital markets[1][2].
🔄 Updated: 8/21/2025, 8:10:30 PM
General Fusion has secured $22 million USD in new funding to support its LM26 fusion demonstration program, with significant backing from institutional and sovereign investors as well as *support from the Canadian government*[5]. The company's CEO Greg Twinney described the financing as a “resounding vote of confidence” in their mission amid what he called “one of the most challenging financial moments” in its history[4]. This government support, alongside private investment, underpins General Fusion’s efforts to deliver zero-carbon fusion energy by the mid-2030s[2][5].
🔄 Updated: 8/21/2025, 8:20:33 PM
General Fusion, a Canadian fusion energy firm, secured $22 million USD ($30 million CAD) to advance its LM26 demonstration reactor and push towards commercial fusion power by the mid-2030s, marking a critical global milestone in clean energy development[1][4]. The round attracted international investors including JIMCO, the Saudi Arabian investment arm of billionaire Jameel's family, highlighting significant cross-border confidence in fusion energy’s potential to provide scalable, zero-carbon power worldwide[4]. CEO Greg Twinney described the funding as “a resounding vote of confidence” amid global market challenges, noting the continued international collaboration essential for fusion’s role in meeting growing clean energy demand[1][3].
🔄 Updated: 8/21/2025, 8:30:34 PM
In a significant development for the fusion energy sector, General Fusion has secured a $22 million USD funding boost, marking a crucial lifeline for the Canadian company. This investment, led by new and existing investors like Segra Capital and PenderFund, comes after a period of financial strain that included layoffs and scaled-back operations. As General Fusion CEO Greg Twinney noted, this funding is "a resounding vote of confidence" in their technology, allowing them to continue toward their goal of deploying commercial reactors by the mid-2030s[1][2][4].
🔄 Updated: 8/21/2025, 8:40:32 PM
Public and consumer reaction to General Fusion’s recent $22 million funding boost has been cautiously optimistic, recognizing it as a crucial lifeline but insufficient for full commercialization. CEO Greg Twinney described it as a “resounding vote of confidence,” signaling hope among supporters despite prior layoffs affecting a quarter of the staff earlier this year[1][2][3]. Investor Adam Rodman noted the amount was “the least amount of capital possible” to reach the next scientific milestone, reflecting guarded expectations about the company’s financial runway[4]. The public plea for funding resonated with fusion advocates who view this as a step forward in the urgent pursuit of clean, scalable energy[3].
🔄 Updated: 8/21/2025, 8:50:33 PM
General Fusion, a Canadian fusion energy company, has secured $22 million USD to continue developing its LM26 demonstration reactor after a tough funding period that included a 25% workforce reduction earlier this year. This international investment round featured global backers such as Segra Capital, PenderFund, Chrysalix Venture Capital, and Saudi Arabia's JIMCO, underscoring broad international confidence in fusion's potential as a zero-carbon energy source. CEO Greg Twinney described the funding as a “resounding vote of confidence” and a critical step toward their goal of commercial fusion power by the mid-2030s[1][4][5].