GFUZ:NASDAQ
General Fusion Group Ltd
$6.77
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+1.50%(+0.100) 1D
Oct 19, 3:35:00 PM GMT-4 · USD
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| Symbol | Price | Change | % Change |
|---|
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Open
$6.74
High
$6.93
Low
$6.52
Mkt. cap
430.22M
Avg. vol.
169.19K
Volume
102.83K
52-wk high
$14.85
52-wk low
$6.08
EPS
-$13.72
Shares outstanding
53.13M
No. of employees
133
Open
$6.74
High
$6.93
Low
$6.52
Mkt. cap
430.22M
Avg. vol.
169.19K
Volume
102.83K
52-wk high
$14.85
52-wk low
$6.08
EPS
-$13.72
Shares outstanding
53.13M
No. of employees
133
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Profile
General Fusion Inc. is a Canadian company based in Richmond, British Columbia, which is developing a fusion power technology based on magnetized target fusion. The firm was founded in 2002 by Dr. Michel Laberge. As of 2024, it has more than 150 employees.
The technology under development injects a magnetized target, a plasma mass in the form of a type of plasmoid termed a compact toroid, into a cylinder of spinning liquid metal. The target is mechanically compressed to fusion-relevant densities and pressures, by anywhere from a dozen to hundreds of steam-driven pistons.
In 2018, the firm published papers on a spherical tokamak and a recent conceptual design was presented at the 30th IEEE Symposium of Fusion Engineering. In August 2023, the company announced an updated plan to build a new fusion demonstration machine – Lawson Machine 26 – at its Canadian headquarters. The company says LM26 is designed to achieve fusion conditions of over 100 million degrees Celsius by 2025 and progress towards scientific breakeven equivalent by 2026. This was an adjustment to its previously announced Fusion Demonstration Program. Wikipedia
About General Fusion Group Ltd
CEO-
Employees133
Founded2002
HeadquartersRichmond, British Columbia, Canada
Sectorcapital good
Websitegeneralfusion.com