General Fusion Group (GFUZ) Investor update summary

Business and Market Context

• Fusion energy is positioned as a key solution for global clean, reliable baseload power, with demand expected to double by 2050, driven by AI, data centers, and electrification.

• Fusion offers advantages over fission, including no long-term radioactive waste, enhanced safety, and flexible siting.

• Fusion is recognized as the 'holy grail' for clean, dispatchable baseload power, with a potential $1+ trillion annual market by 2050.

• Ranked #1 among the world's top green tech companies in 2026, reflecting strong industry recognition.

• Regulatory momentum is strong, with dedicated frameworks emerging in the U.S., U.K., and Germany, supporting commercialization.

Technology Approach and Innovation

• Magnetized Target Fusion (MTF) uses mechanical compression and a liquid metal wall, avoiding costly magnets or lasers.

• The liquid metal wall protects against neutron damage, breeds tritium fuel, and enables efficient energy capture.

• LM26 demonstration machine has achieved plasma temperatures of 8.4 million °C (0.72 keV) and is progressing toward 1 keV, 10 keV, and the Lawson criterion.

• The approach leverages existing materials and supply chains, supporting scalability and manufacturability.

• Over 37 peer-reviewed publications and 210 patents issued or pending, with significant IP portfolio.

Commercialization Strategy and Partnerships

• Commercialization roadmap targets LM26 milestone completion by 2028 and a net energy plant by 2035.

• The company collaborates with global partners for R&D, engineering, and fuel cycle development, including government labs, industry leaders, and utilities.

• Signed a milestone-based framework agreement with Renexia S.p.A. for potential commercial deployment in Italy.

• Asset-light model focuses on selling, engineering, and commissioning Fusion Islands, with EPC partners handling plant construction.

• Revenue streams include pre- and post-COD services, licensing, and recurring maintenance over a 40-year plant life.