The British Columbia utility will advise General Fusion as it prepares to deploy practical commercial fusion technology to power a low-carbon energy future.

RICHMOND, British Columbia, November 5, 2024 (GLOBE NEWSWIRE) — Today, General Fusion announced that FortisBC Inc. (FortisBC), a regulated utility providing safe and reliable electricity, has joined its Market Development Advisory Committee (MDAC). With energy demand in British Columbia expected to increase by 15% or more by 2030, clean and abundant fusion energy is well-positioned to meet the province’s growing energy needs and enable it to reach net zero emissions by 2050. The Lawson Machine 26 (LM26) fusion demonstration at its Richmond labs de-risk and accelerate their path to a commercial power plant by the 2030s. Through its MDAC, General Fusion gets input from potential early adopters in the energy sector as it moves toward building a one-of-a-kind commercial-scale machine and power plant. General Fusion collaborates with key players in Canadalike FortisBC, to commercialize the company’s local fusion technology and generate significant job creation and economic benefits in British Columbia and around the world. Canada thanks to global exports.

“We believe fusion will be part of the energy solution and we are committed to working with energy suppliers to develop a practical, economical and competitive power plant,” said Greg TwinneyCEO, General Fusion. “We are excited to work with FortisBC to advance our commercial machine design and explore the future deployment of our clean energy technology developed over the last two decades here in British Columbia. »

“At FortisBC, we are actively evaluating new technologies that can provide our customers with low-carbon energy options and reduce overall emissions,” said Dawn MehrerVice President of Corporate Services and Technology at FortisBC. “We are excited to work with General Fusion to support the development of an innovative energy solution that could one day play a role in British Columbia’s energy transition.”

Once commercialized, a single General Fusion power plant will be designed to provide carbon-free electricity to approximately 150,000 Canadian homes, with the ability to be placed close to energy demand, minimizing the need for long transmission lines. transportation or pipelines and at a competitive cost compared to other energy sources. The company’s approach is ideal for repowering existing power generation sites and using heat from industrial steam. In its current design, a General Fusion power plant will produce approximately 300 MWe from two 150 MW machines operating in tandem.

Quick facts:

• Fusion energy is the ultimate clean energy solution: it is the energy source that powers the sun and stars. Fusion is the process by which two light nuclei fuse to form a heavier one, producing a massive amount of energy.
• General merger Fusion of magnetized targets (MTF) is designed to fit cost-effective power plants. It uses mechanical compression to create melting conditions in short pulses, eliminating the need for expensive lasers or superconducting magnets. An MTF power plant is designed to produce its own fuel and inherently includes a method for extracting the energy and putting it to use.
• Today, General Fusion is accelerating its progress by building the LM26. The fusion demonstration machine is on track to reach transformative technical milestones over the next 24 months: 1 keV in the first half of 2025, then 10 keV, and finally the equivalent of the scientific break-even point by 2026.
• General Fusion MDAC Membership Expands North America, EuropeAnd Asia and guides the design and development of a practical MTF power plant that will meet user needs. Member companies include FortisBC, Bruce PowerDuke Energy, Tennessee Valley AuthorityE.ON, and Renexia. For a complete list, please visit generalfusion.com/about/partners/.

About General Fusion

General Fusion pursues a rapid, hands-on approach to commercial fusion energy and is headquartered in Richmond, Canada. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders and technology pioneers. Learn more about www.generalfusion.com.

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