Overview
General Fusion’s practical Magnetized Target Fusion (MTF) is designed to provide clean and cost-efficient baseload energy to utility and industrial steam heat users. The company operates LM26—a world-first fusion demonstration machine at its Canadian facility. LM26 is targeting transformational near-term technical milestones that position the company to deliver a first-of-a-kind plant producing energy around 2035.
Technology
The company reports a Magnetized target fusion approach, with DT fuel.
Funding
Total declared funding: 500000000 USD, per the company-reported FIA 2026 survey.
Sources
Fusion Industry Association, The Global Fusion Industry Report 2026, p. 28 (self-reported).