The planned fusion machines is to achieve fusion conditions of over 100 million degrees Celsius by 2025, and progress toward scientific breakeven by 2026. They completed the first close of its Series F raise for a combined $25 million USD (approximately $33.5 million CAD) of funding.

The round was anchored by existing investors, BDC Capital and GIC. It also included new grant funding from the Government of British Columbia, which builds upon the Canadian government's ongoing support through the Strategic Innovation Fund (SIF).

This machine represents a significant new pillar to accelerate and de-risk General Fusion's Demonstration Program, designed to leverage the company's recent technological advancements and provide electricity to the grid with commercial fusion energy by the early to mid-2030s.

In 2018, Brian Wang, Nextbigfuture, interviewed with Christofer Mowry, CEO of General Fusion at the C2 Conference in Montreal. In 2018, General Fusion was trying to reach the next step is to make a 70% scale pilot plant that will prove out the viability of generating electricity from General Fusion's magnetized target nuclear fusion. There have been some delays but the demo program is now targeting results in 2025-2026.

General Fusion Demo Program

Called Lawson Machine 26 (LM26), the MTF demonstration is designed to be cost-efficient and produce results quickly using General Fusion's unique approach to fusion. LM26 will validate the company's ability to symmetrically compress magnetized plasmas in a repeatable manner and achieve fusion conditions at scale. The machine will integrate General Fusion's existing operational plasma injector (PI3) with a new lithium liner compression system. PI3 is the culmination of 24 predecessor prototypes and over 200,000 plasma experiments. It is one of the world's largest and most powerful operational plasma injectors, having already demonstrated plasma temperatures of five million degrees Celsius, along with 10 millisecond self-sustaining energy confinement time. Both are critical steppingstones to achieving LM26's target of fusion conditions in 2025 and equivalent scientific breakeven in 2026.