Posted November 18, 2021
Tennessee Gov. Bill Lee, state Department of Economic and Community Development Commissioner Bob Rolfe and General Fusion Corp. officials announced Wednesday that the company, based in Vancouver, Canada, has selected Oak Ridge for its U.S. headquarters.
The establishment of the Oak Ridge headquarters marks the company's first operations in the United States, as well. According to a General Fusion spokesperson, the company's leased office is currently open in a building at 40 New York Ave. in Oak Ridge.
General Fusion, the U.S.-based subsidiary of General Fusion Inc., will initially invest $539,000 and create 20 new jobs in Anderson County over the next five years, according to a state Economic and Community Development news release.
In their own news release, General Fusion officials said the company is advancing plans for what it described as a "first-of-a-kind commercial pilot plant" for fusion energy, a carbon-free power source.
"General Fusion will benefit from increased opportunities for scientific collaboration" with Oak Ridge National Laboratory, the company release stated. "The two organizations recently partnered to study plasma diagnostics to improve the quality of the plasma used to create fusion, work that will advance the design and operation of General Fusion’s commercial machine.
"General Fusion is developing a practical and economical approach to Magnetized Target Fusion (MTF) to produce fusion energy. The company’s MTF technology puts it on the fastest path to commercialization, and on course to power homes, businesses and industry with clean fusion energy by the early 2030s," the company release stated.