Mentioned:
There is a new nuclear energy company on the Nasdaq. And they’re aiming to be on the leading edge of commercializing fusion power.
What’s happening:
- General Fusion (NASDAQ: GFUZ) has successfully completed their business combination with Spring Valley Acquisition Corp III and begun trading on the Nasdaq
Why it matters:
- General Fusion is the first fusion energy company to list on a major stock exchange in North America
Going deeper:
- General Fusion’s patented technology known as Magnetized Target Fusion is capable of compressing magnetized plasma with a liquid metal liner that is designed to reach the conditions required for cost efficient fusion power plants without needing superconducting magnets or high powered lasers
- General Fusion raised roughly $150M USD through their SPAC transaction with Spring Valley Acquisition Corp III
