CNL and General Fusion Sign MOU to Promote Commercial Fusion Energy.

CHALK RIVER, Ontario, November 10, 2022 (GLOBE NEWSWIRE) — Canada’s leading nuclear science and technology organization, the Canadian Nuclear Laboratory (CNL), and General Fusion, an international leader in the development of commercial fusion energy is pleased to announce that: They signed a memorandum of understanding (MOU) to pursue a series of joint projects to accelerate the deployment of commercial fusion power in Canada. Fusion energy has great potential as a clean and reliable form of energy on the power grid, and the MOU serves as a framework for the two companies to work together to advance 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 frameworks, power plant siting and deployment, infrastructure design, and testing and operational support. Overall, it aims to develop fusion energy research capabilities within CNL to support the goal of building a potential general fusion commercial power plant in Canada by 2030.

CNL President and CEO Joe McBreaty said: “As Canada’s National Nuclear Laboratory, our priority is to foster innovation and economic development by working with companies that are promoting ambitious new technologies that serve our national interests. is at the core of this agreement with us, and we will leverage all of our expertise and resources to help bring their technology to life here in Canada.”

General Fusion CEO Greg Twinney said: “We look forward to working with CNL’s deep expertise. Together, we are on the path to strengthening the Canadian fusion industry and putting commercial fusion power on the grid within a decade.” increase.”

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

It is these capabilities that will be leveraged to support the commercialization of General Fusion’s magnetized target fusion technology, which the company is deploying in a fusion demonstration program being built at the UK Atomic Energy Agency’s Culham campus in the UK. to introduce. 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 performed last year under CNL’s Canadian Nuclear Research Initiative (CNRI). Leveraging CNL’s state-of-the-art tritium facility, which is capable of handling the materials needed to conduct full-scale trials of tritium extraction technology, CNL and General Fusion will work to extract tritium for use in future fusion power plants. We partnered on the development of extraction technology. General Fusion’s MTF technology is fueled by her two hydrogen isotopes, deuterium and tritium. Deuterium and tritium can be produced as part of the fusion process within the company’s proprietary liquid metal walls within the fusion vessel.

Dr. Jeff Griffin, CNL’s Vice President of Science and Technology, said: “Fusion has amazing potential to serve as one of these clean energy solutions and has been the focus of research at CNL in recent years through the CNRI program. We will be able to scale up and combine a wealth of resources to further advance the reactor design towards deployment.”

For more information on General Fusion’s efforts to produce clean and reliable fusion energy, please visit www.generalfusion.com.

For more information on CNL and its clean energy projects and programs, please visit www.cnl.ca.

About General Fusion
Pursuing the fastest and most practical path to commercial fusion energy, General Fusion is based in Vancouver, Canada, with offices in London, UK and Oak Ridge, Tennessee, USA. The company was founded in his 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders and technology pioneers.Click here for details www.generalfusion.com.

General Fusion Contacts:
Grace Peach
Director, Marketing and Communications
[email protected]
1-866-904-0995

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 will deliver on three strategic priorities of national importance: restoring and protecting the environment, advancing clean energy technologies, and contributing to Canadian health. doing.

Leveraging assets owned 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 with these sectors to bring innovative Canadian products and services for real-world use, including carbon-free energy, cancer and other therapies, non-proliferation technologies, and waste management solutions. I am making progress.

For more information on CNL, please visit www.cnl.ca.

CNL contact:
Patrick Quinn
Director, Corporate Communications
1-866-886-2325

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af49f6c3-dddb-4bbe-8969-05fe2026b5f6.

CBJ Newsmaker