Global Fusion Energy Company Moves Headquarters to Vancouver Airport for Expansion – .

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Global Fusion Energy Company Moves Headquarters to Vancouver Airport for Expansion – .


The loss of Burnaby is the gain of the Vancouver International Airport (YVR), as General Fusion will move its global headquarters to Sea Island in Richmond.
Currently based near the SkyTrain Production Way-University station, the fusion power company announced today that it will be relocating to a 60,000 square foot facility it has leased from the Vancouver Airport Authority.

The new facility will span two buildings located at 6020 and 6082 Russ Baker Way, near the YVR South Terminal. This includes a larger building previously used for the maintenance and repair of aircraft engines.

The relocation process could start before the end of 2021, allowing the company to more than quadruple its workforce over the next few years. Currently, it employs around 140 people.

The Sea Island facility will house its offices, its main fusion technology development division and several of its engineering laboratories. This new facility allows General Fusion to build a new demonstration prototype to support the commercialization of its magnetized target fusion technology.

Location of the new General Fusion headquarters at 6020 and 6082 Russ Baker Way at Vancouver International Airport. (Google Maps)

Location of the new General Fusion headquarters at 6020 and 6082 Russ Baker Way at Vancouver International Airport. (Google Maps)

The company’s research and development on practical fusion technology as a zero-carbon energy solution to meet the world’s growing energy needs, while combating climate change, is supported by the federal governments of Canada, states United and United Kingdom.

Earlier this year, it announced it would build a fusion demonstration plant in the UK, with support from the UK government as part of a public-private partnership. Construction of the plant will begin in 2022 and end in 2025.

General Fusion is backed by dozens of leading global private investors, including Bezos Expeditions, which is the personal investment entity of Amazon founder Jeff Bezos. It has raised a total of approximately US $ 200 million in funding to date.

“British Columbia is at the center of a thriving, world-class technological innovation ecosystem, the perfect place to continue investing in our growing workforce and in the future of our business,” said Christofer Mowry, CEO of General Fusion, in a statement.

“We are proud to have our headquarters here and to be an important leader in the global energy transition to a low carbon future. “

Artistic rendering of a fusion energy factory. (General merger)

Providing green energy companies like General Fusion with the ability to locate their operations at the airport is part of YVR’s recently implemented innovation hub strategy to actively seek partnerships and solutions that can solve challenges. outside of aviation and for the benefit of the local economy. .

“At YVR, we strive to foster and facilitate partnerships that advance clean technology and align with our ambitious climate and sustainability goals,” said Tamara Vrooman, President and CEO of the ‘Vancouver Airport Authority.

“General Fusion relocating its head office to our airport community and expanding its operations on Sea Island will further advance towards bringing zero carbon energy to the world. “

Earlier this year, YVR also indicated that it was considering authorizing commercial and industrial developments on several hundred acres of underutilized plots of land adjacent to the north and south runways, for uses complementary to airport operations. It would also provide the airport with a new source of income, after significant financial losses due to the long-standing impact of COVID-19.

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