Canadian company General Fusion said on 9 January that it had entered into a strategic partnership with engineering and construction firm Hatch Ltd to bring power plant engineering and other expertise to its Fusion Demonstration Plant project.
The partnership includes an investment by Hatch into General Fusion's recently announced $65 million Series E financing round for the project.
General Fusion said its prototype, which is planned to be completed and tested over the next five years, “will demonstrate the company’s Magnetised Target Fusion (MTF) technology at power plant-relevant scale”.
General Fusion CEO Christofer Mowry said: “Success in commercialising fusion technology depends on strong engagement by stakeholders in the global energy industry."
"Hatch is highly respected and capable. They understand the realities of power plant engineering and will help ensure we develop a practical and on-demand cleantech that finally enables the energy transition we are all talking about.”
Hatch’s Global Managing Director, Energy, Robert Francki said General Fusion and its technology is “a potential game changer" for the production of sustainable, carbon-free energy.
Vancouver-based General Fusion was established in 2002. The company is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers.
Photo: Plasma Injector (Credit General Fusion)
