General Fusion to Become First Publicly Traded Pure-Play Fusion Company Through Business Combination with Spring Valley Acquisition Corp. III
Spring Valley Acquisition Corp. III - Class A Ordinary Shares (SVAC)
Company Research
Source: GlobeNewswire
General Fusion is advancing patented and proprietary Magnetized Target Fusion (“MTF”) technology designed to scale for cost-efficient power plants within the next decade.Two decades of R&D and scientific milestones underpin the Company’s MTF approach, positioning it as a leader in the drive toward commercial fusion. Today, it is one of only four private companies worldwide to have achieved and published meaningful peer-reviewed fusion results, with 210 patents issued and pending.Lawson Machine 26 ("LM26"), the Company’s world-first large-scale MTF fusion demonstration machine, is operating, mechanically compressing plasma with a lithium liner at 50% of commercial-scale diameter, and advancing toward key technical milestones.General Fusion intends to use proceeds from this transaction to fully fund and advance the LM26 program with the goal of demonstrating and de-risking MTF technology in a commercially relevant way.Prior to this transaction, General Fusion has raised more than US$4
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