Canadian firm General Fusion has secured US$22 million in an oversubscribed financing round aimed at bolstering its innovative LM26 reactor based on magnetized target fusion (MTF), one of the most promising technologies for generating zero-emission power.
The capital was provided by a combination of institutional funds, venture capitalists and family offices, including Segra Capital, PenderFund, Chrysalix Venture Capital and Presight Capital. This backing is seen as key to the advancement of the Lawson Machine 26 (LM26), a large-scale experimental platform that platform that seeks to achieve commercial fusion conditions through mechanical plasma compression.
LM26 reactor in technical development
Located at General Fusion’s facility in Richmond, Canada, the LM26 represents the first industrial prototype of magnetized target fusion.
In 2025, it made significant advances such as its first plasma first plasma and the first compressionand is currently heading towards tests that could exceed the 100 million degrees Celsius needed to reach the scientific equilibrium point known as Lawson’s criterion.
New additions to the Board of Directors
As part of this growth phase, the company added Adam Rodman of Segra Capital and Kelly Edmison of PenderFund Capital Management to its Board of Directors.
Both bring extensive experience in cleantech investment and corporate development, strengthening the company’s strategic profile as it moves towards commercialization.
In search of scalable, carbon-free energy
Unlike other approaches such as tokamak reactors tokamak reactorsreactors, General Fusion opts for a more practical and scalable solution.
Its MTF technology eliminates the need for lasers or superconducting magnets, making possible a power plant capable of generating its own fuel and stably delivering electricity to the grid.
Energizing the future with commercial fusion
With this capital injection, the company plans to achieve in the coming months new technical tests that will bring it closer to commercial validation of its technology. The medium-term goal: to achieve a pilot fusion power plant that can be connected to the grid in the 2030s.
General Fusion’s progress with the LM26 represents a decisive step forward in the global race for a clean, safe and virtually inexhaustible energy source.
Source and photo: General Fusion
