Latest news with #GeneralFusion
Yahoo
a day ago
- Business
- Yahoo
World-First Fusion Demonstration Machine Designed and Optimized Using COMSOL Multiphysics®
General Fusion uses multiphysics simulation to analyze the internal behavior of a fusion demonstration machine and predict its performance BURLINGTON, Mass., July 08, 2025 (GLOBE NEWSWIRE) -- COMSOL, a global leader in modeling and simulation software, today announced that engineers at General Fusion have used the COMSOL Multiphysics® software to design and optimize a large-scale fusion demonstration machine called Lawson Machine 26 (LM26), which it has successfully begun operating. LM26 will be used to de-risk General Fusion's eventual commercial Magnetized Target Fusion (MTF) machine, which works by compressing a magnetized plasma with a liquid metal liner to achieve the high temperatures and pressures needed for fusion. With MTF technology, General Fusion aims to bring fusion power to the commercial power grid by the early to mid 2030s. MTF power plants have the potential to produce significant amounts of energy with comparatively inexpensive technology and without releasing carbon emissions. General Fusion's partnership with Veryst Engineering, a COMSOL Certified Consultant specializing in highly nonlinear simulation and material modeling, was essential in the development of LM26. Sean Teller, a principal engineer at Veryst, worked alongside Jean-Sebastien Dick, an engineering analysis manager at General Fusion, to develop material models that enabled the team to accurately simulate the response of the machine's lithium liner. This information was critical for accurate predictive modeling of the LM26 liner trajectories, which enabled General Fusion to create and assemble LM26. As Teller explained, "We used COMSOL Multiphysics simulation with integrated experimental plans and validation to enable the team at General Fusion to quickly iterate on designs of LM26. The predictive models are critical for achieving fusion conditions on the road to viable and abundant clean fusion power."The LM26 geometry. Different LM26 designs were able to be analyzed simultaneously in the COMSOL® software. During the validation campaign of the models, 40 lithium liners were compressed electromagnetically. The team conducted physical experiments using a small-scale prototype of the compression system. Modeling and simulation enabled General Fusion to adjust the impedance of the power supply, see how design alterations would impact the performance, and maximize the compression fully assembled LM26. "The framework of COMSOL has allowed us to incrementally build in complexity, build confidence in our design intentions, and avoid having to reiterate the design phases," Dick said. "We have not had to change any major parts of these experiments. They were always behaving as intended." General Fusion achieved a major milestone with LM26 in April, successfully compressing a large-scale magnetized plasma with lithium. The full, integrated system and diagnostics operated as designed, and early review of data indicates positive results. The development of LM26 is discussed in further detail in the COMSOL User Story Gallery: About COMSOL COMSOL is a global provider of simulation software for product design and research to technical enterprises, research labs, and universities. Its COMSOL Multiphysics® product is an integrated software environment for creating physics-based models and simulation apps. A particular strength is its ability to account for coupled or multiphysics phenomena. Add-on products expand the simulation platform for electromagnetics, structural, acoustics, fluid flow, heat transfer, and chemical applications. Interfacing tools enable the integration of COMSOL Multiphysics simulations with all major technical computing and CAD tools on the CAE market. Simulation experts rely on COMSOL Compiler™ and COMSOL Server™ to distribute apps to their design teams, manufacturing departments, test laboratories, and customers throughout the world. Founded in 1986, COMSOL has 16 offices worldwide and extends its reach with a network of distributors. COMSOL, COMSOL Multiphysics, COMSOL Compiler, and COMSOL Server are either registered trademarks or trademarks of COMSOL AB. Contact:Mike Nourie(781) Photos accompanying this announcement are available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
6 days ago
- Business
- Associated Press
Regulatory & Policy Impact Analysis, Patent Analysis, Start-Up Landscape, Investment Landscape, Future Outlook, Market Roadmap, Pricing Analysis
DUBLIN--(BUSINESS WIRE)--Jul 4, 2025-- The 'Fusion Energy Market - A Global and Regional Analysis: Focus on Application, Technology, Fuel Cycle, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to offering. The global fusion energy market is characterized by a dynamic ecosystem of large-scale international collaborations, government-backed research consortia, and a burgeoning cadre of private ventures, all converging on magnetic confinement (tokamaks and stellarators) and inertial confinement approaches. Projects such as ITER and SPARC exemplify multi-billion-dollar efforts to demonstrate net-energy gain, while companies like Commonwealth Fusion Systems, TAE Technologies, and General Fusion are deploying high-temperature superconducting magnets, advanced plasma heating, and proprietary target designs to accelerate prototype timelines. Concurrent advances in AI/ML-driven plasma control, novel refractory materials capable of withstanding extreme neutron fluxes, and modular reactor architectures underscore the sector's commitment to de-risking scale-up and achieving cost-effective, commercially viable fusion power. Fusion Energy Market Lifecycle Stage Fusion energy remains in the late R&D and early demonstration phase of its market lifecycle, with most technologies at technology-readiness levels (TRLs) 4-7, translating bench-scale breakthroughs into engineering prototypes. While governments and grid operators prepare regulatory frameworks and licensing pathways, commercial deployment is anticipated in the early 2030s as pilot plants validate continuous operation and tritium fuel cycles. This nascent phase is marked by intense capital deployment, strategic partnerships between utilities and technology providers, and an evolving value chain that spans superconducting magnet manufacturers, plasma diagnostics suppliers, and systems integrators - setting the stage for transition to first-of-a-kind commercial reactors. Fusion Energy Market Key Players and Competition Synopsis The fusion energy market features a competitive landscape driven by a mix of multinational research consortia and ambitious private ventures. On the public side, the ITER collaboration - backed by the EU, United States, China, India, Japan, Korea and Russia - serves as the flagship tokamak project, while national laboratories such as the U.S. Department of Energy's Princeton Plasma Physics Laboratory and Europe's EUROfusion program advance stellarator and alternative confinement concepts. In the private sector, Commonwealth Fusion Systems harnesses high-temperature superconducting magnets in compact tokamaks, TAE Technologies pursues beam-driven field-reversed configurations, General Fusion develops magnetized target fusion via piston-driven compression, and Tokamak Energy focuses on spherical tokamaks with rapidly deployable HTS coils. Competition is further intensified by strategic partnerships with academic institutions and industrial suppliers, differentiated technology roadmaps, and escalating venture capital and government funding, as each player races to demonstrate net-energy gain and establish a foothold in the emerging commercial fusion industry. Fusion Energy Market Segmentation: Demand Drivers and Limitations The following are the demand drivers for the global fusion energy market: The global fusion energy market is expected to face some limitations as well due to the following challenges: Some prominent names established in the fusion energy market are: Key Attributes: Key Topics Covered: Executive Summary Scope and Definition Market/Product Definition Key Questions Answered Analysis and Forecast Note 1. Markets: Industry Outlook 1.1 Trends: Current and Future Impact Assessment 1.2 Market Dynamics Overview 1.2.1 Market Drivers 1.2.2 Market Restraints 1.2.3 Market Opportunities 1.3 Regulatory & Policy Impact Analysis 1.4 Patent Analysis 1.5 Start-Up Landscape 1.6 Investment Landscape and R&D Trends 1.7 Future Outlook and Market Roadmap 1.8 Value Chain Analysis 1.9 Global Pricing Analysis 1.10 Industry Attractiveness 2. Fusion Energy Market (by Application) 2.1 Application Segmentation 2.2 Application Summary 2.3 Fusion Energy Market (by Application) 2.3.1 Power Generation 2.3.2 Research and Development 2.3.3 Space Propulsion 2.3.4 Industrial Applications 3. Fusion Energy Market (by Product) 3.1 Product Segmentation 3.2 Product Summary 3.3 Fusion Energy Market (by Technology) 3.3.1 Magnetic Confinement Fusion 3.3.2 Inertial Confinement Fusion 3.3.3 Stellarators 3.3.4 Spheromaks 3.4 Fusion Energy Market (by Fuel Cycle) 3.4.1 Deuterium Tritium 3.4.2 Deuterium 3.4.3 Deuterium Helium 3 3.4.4 Proton Boron 4. Fusion Energy Market (by Region) 4.1 Fusion Energy Market (by Region) 4.2 North America 4.2.1 Regional Overview 4.2.2 Driving Factors for Market Growth 4.2.3 Factors Challenging the Market 4.2.4 Application 4.2.5 Product 4.2.6 North America (by Country) 4.2.6.1 U.S. 4.2.6.1.1 Market by Application 4.2.6.1.2 Market by Product 4.2.6.2 Canada 4.2.6.2.1 Market by Application 4.2.6.2.2 Market by Product 4.2.6.3 Mexico 4.2.6.3.1 Market by Application 4.2.6.3.2 Market by Product 4.3 Europe 4.4 Asia-Pacific 4.5 Rest-of-the-World 5. Markets - Competitive Benchmarking & Company Profiles 5.1 Next Frontiers 5.2 Geographic Assessment 5.3 Company Profiles 5.3.1 Overview 5.3.2 Top Products/Product Portfolio 5.3.3 Top Competitors 5.3.4 Target Customers 5.3.5 Key Personnel 5.3.6 Analyst View 5.3.7 Market Share 6. Research Methodology For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: OTHER ENERGY ENERGY SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 07/04/2025 06:58 AM/DISC: 07/04/2025 06:58 AM
Yahoo
27-06-2025
- Business
- Yahoo
Magnetic Confinement Fusion Leads the Charge in Global Fusion Energy Efforts
The global fusion energy market, driven by international collaborations and private ventures, is advancing rapidly with a focus on magnetic and inertial confinement approaches. Key projects like ITER and SPARC, alongside firms such as Commonwealth Fusion Systems and TAE Technologies, are pivotal in demonstrating net-energy gain. The market is in the late R&D phase, with commercial deployment expected by the early 2030s. Asia-Pacific is set to lead production, propelled by regional demand and government initiatives. Despite challenges like high costs, the market is booming due to the growing need for clean energy and advancements in plasma control. Major players include General Fusion, Helion, and TAE Technologies. Fusion Energy Market Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "Fusion Energy Market - A Global and Regional Analysis: Focus on Application, Technology, Fuel Cycle, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to global fusion energy market is characterized by a dynamic ecosystem of large-scale international collaborations, government-backed research consortia, and a burgeoning cadre of private ventures, all converging on magnetic confinement (tokamaks and stellarators) and inertial confinement approaches. Projects such as ITER and SPARC exemplify multi-billion-dollar efforts to demonstrate net-energy gain, while companies like Commonwealth Fusion Systems, TAE Technologies, and General Fusion are deploying high-temperature superconducting magnets, advanced plasma heating, and proprietary target designs to accelerate prototype timelines. Concurrent advances in AI/ML-driven plasma control, novel refractory materials capable of withstanding extreme neutron fluxes, and modular reactor architectures underscore the sector's commitment to de-risking scale-up and achieving cost-effective, commercially viable fusion power. Fusion Energy Market Lifecycle StageFusion energy remains in the late R&D and early demonstration phase of its market lifecycle, with most technologies at technology-readiness levels (TRLs) 4-7, translating bench-scale breakthroughs into engineering prototypes. While governments and grid operators prepare regulatory frameworks and licensing pathways, commercial deployment is anticipated in the early 2030s as pilot plants validate continuous operation and tritium fuel cycles. This nascent phase is marked by intense capital deployment, strategic partnerships between utilities and technology providers, and an evolving value chain that spans superconducting magnet manufacturers, plasma diagnostics suppliers, and systems integrators - setting the stage for transition to first-of-a-kind commercial reactors. Fusion Energy Market Key Players and Competition SynopsisThe fusion energy market features a competitive landscape driven by a mix of multinational research consortia and ambitious private ventures. On the public side, the ITER collaboration - backed by the EU, United States, China, India, Japan, Korea and Russia - serves as the flagship tokamak project, while national laboratories such as the U.S. Department of Energy's Princeton Plasma Physics Laboratory and Europe's EUROfusion program advance stellarator and alternative confinement the private sector, Commonwealth Fusion Systems harnesses high-temperature superconducting magnets in compact tokamaks, TAE Technologies pursues beam-driven field-reversed configurations, General Fusion develops magnetized target fusion via piston-driven compression, and Tokamak Energy focuses on spherical tokamaks with rapidly deployable HTS is further intensified by strategic partnerships with academic institutions and industrial suppliers, differentiated technology roadmaps, and escalating venture capital and government funding, as each player races to demonstrate net-energy gain and establish a foothold in the emerging commercial fusion Energy Market Segmentation: Power Generation is one of the prominent application segments in the global fusion energy market. The global fusion energy market is estimated to be led by the magnetic confinement fusion segment in terms of type. In the fusion energy market, Asia-Pacific is anticipated to gain traction in terms of production, with increasing infrastructure demand and government initiatives. Demand Drivers and Limitations The following are the demand drivers for the global fusion energy market: AI/ML-Driven Plasma Control and Optimization Growing demand for clean and sustainable energy sources The global fusion energy market is expected to face some limitations as well due to the following challenges: High cost and technical complexity for fusion energy technology Regulatory and Public Acceptance Some prominent names established in the fusion energy market are: General Fusion Helion NearStar Fusion Zap Energy TAE Technologies Commonwealth Fusion Systems Avalanche Fusion Energy Solutions of Hawaii Longview Fusion Energy Systems Serva Energy LPP Fusion Thea Energy First Light Marvel Fusion Kyoto Fusioneering Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $291.42 Billion Forecasted Market Value (USD) by 2034 $445.2 Billion Compound Annual Growth Rate 4.8% Regions Covered Global Key Topics Covered: Executive SummaryScope and DefinitionMarket/Product DefinitionKey Questions AnsweredAnalysis and Forecast Note1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 Market Dynamics Overview1.2.1 Market Drivers1.2.2 Market Restraints1.2.3 Market Opportunities1.3 Regulatory & Policy Impact Analysis1.4 Patent Analysis1.5 Start-Up Landscape1.6 Investment Landscape and R&D Trends1.7 Future Outlook and Market Roadmap1.8 Value Chain Analysis1.9 Global Pricing Analysis1.10 Industry Attractiveness2. Fusion Energy Market (by Application)2.1 Application Segmentation2.2 Application Summary2.3 Fusion Energy Market (by Application)2.3.1 Power Generation2.3.2 Research and Development2.3.3 Space Propulsion2.3.4 Industrial Applications3. Fusion Energy Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Fusion Energy Market (by Technology)3.3.1 Magnetic Confinement Fusion3.3.2 Inertial Confinement Fusion3.3.3 Stellarators3.3.4 Spheromaks3.4 Fusion Energy Market (by Fuel Cycle)3.4.1 Deuterium Tritium3.4.2 Deuterium3.4.3 Deuterium Helium 33.4.4 Proton Boron4. Fusion Energy Market (by Region)4.1 Fusion Energy Market (by Region)4.2 North America4.2.1 Regional Overview4.2.2 Driving Factors for Market Growth4.2.3 Factors Challenging the Market4.2.4 Application4.2.5 Product4.2.6 North America (by Country)4.2.6.1 U.S.4.2.6.1.1 Market by Application4.2.6.1.2 Market by Product4.2.6.2 Canada4.2.6.2.1 Market by Application4.2.6.2.2 Market by Product4.2.6.3 Mexico4.2.6.3.1 Market by Application4.2.6.3.2 Market by Product4.3 Europe4.4 Asia-Pacific4.5 Rest-of-the-World5. Markets - Competitive Benchmarking & Company Profiles5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles5.3.1 Overview5.3.2 Top Products/Product Portfolio5.3.3 Top Competitors5.3.4 Target Customers5.3.5 Key Personnel5.3.6 Analyst View5.3.7 Market Share6. Research MethodologyFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Fusion Energy Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
TechCrunch
09-05-2025
- Business
- TechCrunch
Startups Weekly: Different paths on the road to liquidity
Welcome to Startups Weekly — your weekly recap of everything you can't miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was busy for startups: While there were no IPOs of note, there were other exits and even unusual liquidity events, as well as a significant number of funding rounds of various sizes and stages. Most interesting startup stories from the week Image Credits:Tim Robberts / Getty Images This week brought us M&As from serial buyers, an exit option that may be reassuring for founders still struggling with customer retention and funding headwinds. Scooped up: San Jose, California-based startup became the latest fintech to get acquired by workforce management company which is now valued at just north of $700 million. Short on cash: Despite recently hitting a key development milestone, General Fusion laid off at least 25% of its employees, with CEO Greg Twinney explaining that the Canadian fusion power company was running out of money. By Datadog: Datadog bought Eppo, a feature-flagging and experimentation platform that will now operate under the brand 'Eppo by Datadog.' This comes shortly after it acquired AI-powered observability startup Metaplane. Retention issues: 11x co-founder Hasan Sukkar stepped down as CEO and was replaced by CTO Prabhav Jain. The AI startup came under scrutiny earlier this year for showing logos of companies that were not active customers, amid claims it was struggling with customer retention. Techcrunch event Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | BOOK NOW Build or invest: Carta acquired SimpleClosure, a startup branding itself as 'the TurboTax of shutting down.' The equity management startup previously discontinued a similar offering, called Carta Conclusions. Small world: Two months after buying Moveworks, ServiceNow acquired which had raised more than $130 million in venture financing for its cloud-native data catalog and data governance platform. With conditions: A group of investors is considering injecting another $30 million into ailing Indian ride-hailing startup BluSmart — as long as co-founder Anmol Singh Jaggi agrees to resign. Liquidity: Sales automation startup Clay took the unusual step of allowing employees with at least one year of tenure to sell shares to existing backer Sequoia. The operation values the company at $1.5 billion. Most interesting VC and funding news this week Image Credits:Steve Jennings / Getty Images Rounds this week confirmed that AI isn't the only thing that can attract VCs: The promise of a longer, healthier life — both for people and for batteries — can, too. No limit: NewLimit, the longevity startup founded by Coinbase CEO Brian Armstrong, raised a $130 million Series B led by Kleiner Perkins to develop age-reversing therapies. Qonto rival: Finom, a neobank serving SMBs in several European countries, raised approximately $105 million from General Catalyst to boost its growth. Boosted by defense: Orca AI, whose autonomous navigation platform for shipping has defense applications, raised a $72.5 million Series A, bringing its total funding to over $111 million. Scanning: Ox Security, which scans for vulnerabilities in code, secured a $60 million Series B led by DTCP that it will use for growth and expansion. Crafty: Recraft, whose stealth image model beat OpenAI's DALL-E and Midjourney on a popular benchmark last year, raised a $30 million Series B led by Accel. Bye, business cards: Australian startup Blinq raised a $25 million Series A to make business cards obsolete and replace them with digital alternatives with CRM integrations. Wisdom truth: WisdomAI, an AI startup hoping to help avoid hallucinations when delivering business insights, raised $23 million in an unusually large seed round. More power: Breathe Battery Technologies, whose software helps optimize and predict battery performance, raised a $21 million Series B led by Kinnevik Online AB. Coding context: Unblocked, a company behind an AI-powered assistant that answers contextual questions about lines of code, raised a $20 million Series A from B Capital and Radical Ventures. Positive energy: Bosch Ventures, the venture arm of Bosch, will keep on investing in deep tech through its new $270 million fund, but with increased focus on North American startups. Last but not least Image Credits:Costas Baltas/Anadolu / Getty Images As Athens-based VC firm Marathon Venture Capital closed its newest fund with approximately $84 million in capital commitments, TechCrunch caught up with partner Panos Papadopoulos to discuss how Greek startups are serving global markets, and more.
Global News
06-05-2025
- Business
- Global News
B.C. fusion energy company cuts staff due to ‘uncertain political and market climate'
A B.C. fusion energy company says it has had to lay off some staff and reduce operations due to the 'rapidly shifting and uncertain political and market climate.' General Fusion recently celebrated a big milestone, by successfully forming a 'magnetized plasma' inside its proof-of-concept machine known as LM26. 'The full, integrated system and diagnostics operated safely and as designed, and an early review of the data indicates we saw ion temperature and density increase, and our lithium liner successfully trapped the magnetic field,' CEO Greg Twinney said in an open letter on the company's website. 'This was an incredible success for our first shot! What does this mean? From a technology perspective, we're one step closer to bringing zero-carbon fusion energy to the electricity grid using our unique, home-grown Canadian technology that global industry leaders recognize as one of the most practical for commercialization.' Story continues below advertisement However, the company says it is now caught in an economic and geopolitical environment that is forcing it to pause development. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'Our mission has historically been supported financially by a mix of strong private investors and the Canadian federal government,' Twinney said. 'We have been competing against aggressive nationally funded fusion programs around the world. We have risen to global leadership by charting a distinct course — founded on entrepreneurship and commercial focus — while others follow government-led or academic pathways. However, today's funding landscape is more challenging than ever.' 2:04 Richmond fusion company reports breakthrough Twinney says in the letter that due to unexpected and urgent financing constraints, they are taking action to protect the future by reducing the size of the team and LM26 operations. 'While this is a challenging time for General Fusion, it is also an attractive opportunity for those with the financial means to transform the world,' Twinney says. Story continues below advertisement 'Everything is in place — the technology, science, LM26, and the know-how and passion. All we need now is the capital to finish the job. We are opening our doors and actively seeking strategic options with investors, buyers, governments, and others who share our vision.'
