Recognition highlights the Company’s progress toward commercial fusion energy as it advances plans to become a public company
VANCOUVER, British Columbia, June 09, 2026 (GLOBE NEWSWIRE) -- General Fusion Inc. (“General Fusion” or the “Company”) has ranked first on TIME’s prestigious list of the World’s Top GreenTech Companies of 2026, a recognition for its innovation in fusion energy. The honor comes as General Fusion advances toward becoming a publicly listed company through its previously announced proposed business combination with Spring Valley Acquisition Corp. III (“Spring Valley”) (NASDAQ: SVAC).
“Being named TIME’s top GreenTech company of 2026 is a testament to the incredible work of our team and a recognition of our innovative approach to transforming the world’s energy supply through fusion energy,” said Greg Twinney, Chief Executive Officer of General Fusion. “For more than 20 years, we have been building and proving our technology. That experience has led to LM26, our world-first Magnetized Target Fusion demonstration machine, now in operation. We’re on the path to industry-defining technical milestones to deliver practical fusion power in the next decade.”
“We are honored to receive this recognition at a pivotal moment in our journey to become the first publicly traded pure-play fusion company,” Twinney added. “Fusion has the potential to reshape global energy markets, but success depends on practical engineering, disciplined investment, and a clear path to commercialization. This award reflects our approach to developing fusion power plants that can deliver reliable, zero-carbon energy at scale.”
Selected from more than 8,300 applicants worldwide, General Fusion was recognized by TIME and Statista Inc. for the transformative potential of its technology, which uniquely addresses critical barriers to practical fusion energy. Once commercialized, fusion has the potential to be a long-term solution to rising electricity demand, energy security concerns, and decarbonization goals. The full list of honorees was announced today on TIME’s website. Statista publishes global industry rankings and company lists with leading media partners, drawing on research from statista.com, its data and business intelligence platform.
Quick Facts:
- General Fusion’s Magnetized Target Fusion (“MTF”) is designed to solve significant barriers to commercializing fusion energy at a time when electricity demand is surging, and nations around the world are racing to commercialize fusion power.
- As a technology, MTF aims to achieve fusion in a practical way, avoiding superconducting magnets and high-powered lasers, while enabling the use of existing materials for durable machines that would produce cost-effective energy.
- In early 2025, General Fusion announced that it had designed, built, and begun operating its world-first Lawson Machine 26 (“LM26”) fusion demonstration machine in under two years. LM26 is the first MTF demonstration machine to be built at a commercially relevant scale. It mechanically compresses plasma with a lithium liner at 50% commercial-scale diameter.
- LM26 aims to achieve key fusion technical milestones: plasma heating to 1 keV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius), and ultimately the Lawson criterion, the combination of fusion parameters that can produce net fusion energy in the plasma.
About General Fusion
General Fusion is pursuing a fast and practical approach to commercial fusion energy and is headquartered in Vancouver, Canada. The Company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com. General Fusion announced in January 2026 that it plans to go public through the Proposed Business Combination with Spring Valley Acquisition Corp. III (NASDAQ: SVAC).
About Spring Valley Acquisition Corp. III
Spring Valley Acquisition Corp. III is a part of a family of investment vehicles formed for the purpose of acquiring or merging with a business focused on the Power infrastructure and Decarbonization sectors. Over the past 5 years, Spring Valley has raised $920 million in four IPOs. Spring Valley I successfully completed its business combination with NuScale Power Corporation, a leading U.S. small modular reactor (“SMR”) technology company, and Spring Valley II successfully completed its business combination with Eagle Nuclear Energy Corp., a next-generation nuclear energy company with rights to the largest open pit-constrained measured and indicated uranium deposit in the United States. SVAC maintains a corporate website at https://sv-ac.com.