CNL and General Fusion Sign Memorandum of Understanding to Advance Commercial Fusion Power | National

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CHALK RIVER, Ontario, Nov. 10, 2022 (GLOBE NEWSWIRE) — Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, and General Fusion, an international leader in the development of commercial fusion energy, are pleased to announce that they have signed a memorandum of understanding (MOU) to pursue a series of joint projects aimed at accelerating the deployment of commercial fusion energy in Canada. Fusion power holds great potential as a clean, reliable form of power for power grids, and the MOU will serve as the framework for the two companies to partner to advance the research and commercialization of fusion energy.

Under the terms of the agreement, CNL and General Fusion will collaborate on projects in key areas, including feasibility studies, regulatory framework, power plant location and deployment, infrastructure design, as well as support for testing and operations. Overall, the goal is to develop fusion power research capabilities within CNL, to support the goal of building an eventual General Fusion commercial power plant in Canada before 2030.

“CNL is excited to strengthen its business relationship with General Fusion, a pioneering company advancing a new form of clean energy technology,” commented Joe McBrearty, CNL President and CEO. “As Canada’s national nuclear laboratory, our priority is to drive innovation and economic development by working alongside companies that are advancing ambitious new technologies that are in the national interest. This goal is at the heart of this agreement with General Fusion, and we will apply all of our expertise and resources to help bring their technology to life here in Canada.

“General Fusion is a Canadian company based in Vancouver and we are excited to advance this framework to collaborate with CNL, a leader in clean energy technology,” said Greg Twinney, CEO of General Fusion. “We look forward to working with CNL’s deep expertise. Together, we are strengthening the Canadian fusion industry and moving forward on the path to bringing commercial fusion power to the electric grid within a decade.

CNL’s Chalk River Laboratories campus is home to some of the world’s most advanced laboratories, facilities and test equipment for clean energy research, as well as extensive expertise in the development of next-generation nuclear technologies. In addition to fusion and conventional nuclear power, CNL’s research extends to hydrogen production, the development of advanced nuclear fuels, the integration of clean energy technologies, and research to enable safe and reliable operation of today’s nuclear power plants.

It is these capabilities that will be leveraged to support the commercialization of General Fusion’s Magnetized Target Fusion technology, which the company will showcase in its fusion demonstration program being built at the United Kingdom’s Agency’s Culham campus. atomic energy in England. The Fusion Demonstration Program will validate the performance and economics of General Fusion’s technology for building a pilot commercial power plant in the early 2030s.

The MOU with General Fusion builds on previous work the two organizations conducted under CNL’s Canadian Nuclear Research Initiative (NRC) last year. Leveraging CNL’s state-of-the-art tritium facility, which is capable of handling the materials needed to perform large-scale trials of tritium extraction technology, CNL and General Fusion have partnered to develop technologies for extraction of tritium for use in future fusion power plants. General Fusion’s MTF technology is powered by two isotopes of hydrogen, deuterium and tritium, the latter of which can be produced as part of the fusion process within the company’s unique liquid metal wall inside. of the melting pot.

“If we want to limit the consequences of climate change in Canada and around the world, we must pursue all clean energy solutions available to us,” said Dr. Jeff Griffin, Vice President of Science and CNL technology. “Fusion has incredible potential to serve as one of these clean energy solutions, and over the past few years has become an increasingly important center of CNL research through our NCRI program. This project will allow us to expand that work with General Fusion and combine our vast resources to advance their reactor design toward deployment.

For more information about General Fusion’s work to produce clean, reliable fusion power, please visit www.generalfusion.com.

To learn more about CNL and its clean energy projects and programs, please visit www.cnl.ca.

About CNL

As Canada’s premier nuclear science and technology organization, CNL is a world leader in the development of innovative nuclear science and technology products and services. Guided by an ambitious corporate strategy known as Vision 2030, CNL addresses three strategic priorities of national importance: restoring and protecting the environment, advancing clean energy technologies and contributing to the health of Canadians.

Leveraging assets held by Atomic Energy of Canada Limited (AECL), CNL also serves as a link between government, the nuclear industry, the broader private sector and academia. CNL works collaboratively with these sectors to advance innovative Canadian products and services to real-world use, including carbon-free energy, cancer treatments and other therapies, non-proliferation technologies and waste management solutions.

To learn more about CNL, please visit www.cnl.ca.

CNL contact person:

patrick quinn

Director, Corporate Communications

1-866-886-2325

About General Fusion

General Fusion pursues the fastest, most convenient route to commercial fusion power and is headquartered in Vancouver, Canada, with locations in London, UK, and Oak Ridge, TN, USA. United. The company was established in 2002 and is funded by a global syndicate of energy venture capitalists, industry leaders and technology pioneers. Learn more at www.generalfusion.com.

Contact General Fusion:

Grace Peach

Director, Marketing and Communications

[email protected]

1-866-904-0995

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/033ae725-22e9-4679-a595-a4abd8d5240d

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