General Fusion Corporation will locate its U.S. headquarters in Oak Ridge as the company advances plans for a commercial pilot plant, Tennessee officials and company executives announced Wednesday.
The headquarters decision was announced Wednesday by Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe, and General Fusion Corporation executives.
General Fusion Corporation is based in Vancouver, Canada. The company says fusion could provide a carbon-free power source that would meet the growing global energy demand while fighting climate change.
The U.S.-based subsidiary of General Fusion Incorporated will initially invest $539,000 and create 20 new jobs in Anderson County during the next five years, a press release said. It’s the first private fusion company to establish an office in Tennessee, General Fusion said. The new headquarters in Oak Ridge will be near Oak Ridge National Laboratory, a science and energy lab that is home to the U.S. ITER program. ITER is an experimental fusion device being built in southern France through an international collaboration and planned to be the first such device to produce net energy.
In Oak Ridge, General Fusion said it will collaborate with “world-leading fusion scientists and tap into key engineering talent.”[Read more…]