General Fusion Lists on Nasdaq as First Publicly Traded Fusion Energy Company
General Fusion began trading on the Nasdaq under the ticker GFUZ on July 13, 2026, becoming the first publicly listed fusion energy company in the world. The Vancouver-based company entered the market with about $150 million in cash to fund its Magnetized Target Fusion technology through 2028. Shares surged roughly 40 percent on opening day.
General Fusion became the first publicly traded fusion energy company in the world when it began trading on the Nasdaq under the ticker symbol GFUZ on July 13, 2026.
The Vancouver-based company, founded in 2002, completed a business combination with Spring Valley Acquisition Corp. III to achieve the listing. It entered the public markets with approximately $150 million in cash, which includes proceeds from a private placement and trust capital.
Shares surged roughly 40 percent on opening day. The company held a Nasdaq Opening Bell-ringing ceremony on July 17, 2026.
General Fusion uses Magnetized Target Fusion, or MTF, a technology that compresses plasma using a lithium liner rather than the high-powered lasers or superconducting magnets used in other fusion approaches. The company has been operating its LM26 demonstration machine in Vancouver since early 2025.
The $150 million will fund the company's Lawson program, a series of technical milestones it aims to complete by 2028. Those milestones are designed to demonstrate that the MTF approach can reach the temperatures needed for net energy production. The company has achieved plasma heating of about 8.4 million degrees Celsius and is working toward a 1 keV electron temperature goal.
General Fusion was ranked first on TIME's list of the World's Top GreenTech Companies in 2026. The company has also signed a milestone-based agreement with Italian energy firm Renexia to explore commercial deployment of its technology in Europe.
The listing comes as private funding for fusion energy has surpassed $13 billion over five years, reflecting growing investor interest in the sector as a potential long-term solution to clean energy demand.
