Canada-based General Fusion has signed a framework agreement with renewable energy company Renexia (part of the Toto Group) to advance the commercial deployment of General Fusion’s fusion energy technology in Italy.
The partnership represents a major commercial pivot for General Fusion as it moves its Magnetized Target Fusion (MTF) technology from laboratory testing to grid-scale deployment planning. It establishes a roadmap to export Canada’s fusion technology directly to Italy. It outlines a phased approach to explore potential sites, secure funding, evaluate regulations, and eventually construct one or more MTF power plants in Italy.
General Fusion’s technology does not require huge superconducting magnets (like standard tokamaks) or high-powered lasers. Instead, the MTF system uses mechanical pistons to shock and compress plasma inside a liquid metal liner.
In early 2025, General Fusion began operating its Lawson Machine 26 (LM26) fusion demonstration machine – the first MTF demonstration machine to be built at a commercially relevant scale. It mechanically compresses plasma with the lithium liner at 50% commercial-scale diameter, based on current design parameters. LM26 aims to achieve key fusion technical milestones: plasma heating to 1 keV (10m degrees Celsius), then 10 keV (100m degrees Celsius), and ultimately the Lawson criterion – the combination of fusion parameters that can produce net fusion energy in the plasma.
The agreement with Renexia outlines a structured, phased process to mitigate engineering and financial risks and aims to work toward definitive regional contracts rather than an immediate mandate to build. Initial collaborative work will target site evaluation and feasibility. Subsequent phases will identify commercial opportunities, secure energy offtake agreements, handle regional permitting, and govern construction. Site feasibility studies are scheduled to begin immediately, with broader phase-one deployment activities slated for later in 2026.
Italy’s high regional electricity prices and rigorous national decarbonisation goals make it an attractive market for economical, zero-emission baseload power. Renexia is already familiar with General Fusion’s technology, having served as an active member of its Market Development Advisory Committee.
“This agreement with Renexia represents another meaningful step toward exporting our practical fusion energy technology, developed in Canada, to the world,” said General Fusion CEO Greg Twinney. “As a clean energy leader in Italy and around the world, and an early member of our Market Development Advisory Committee, Renexia brings valuable insight into the energy sector and what it takes to bring innovative technologies to market.”
Renexia CEO Riccardo Toto noted: “As a member of General Fusion’s Market Development Advisory Committee, we’ve had the opportunity to see firsthand the progress the company has made in developing its Magnetised Target Fusion approach, and we look forward to furthering our collaboration to explore opportunities for siting, development, and construction of a fusion power plant in Italy. Energy demand is surging, and as Italy experiences high power costs, General Fusion’s Magnetised Target Fusion has the potential to provide economical clean power and is an important technology to pursue on its path to commercialisation.”
General Fusion’s Market Development Advisory Committee membership spans North America, Europe, and Asia and guides the design and development of a practical MTF power plant.
Meanwhile, General Fusion previously announced plans to go public through a business combination with Spring Valley Acquisition Corp. III (SVAC). At the closing of the Proposed Business Combination, Spring Valley will be renamed General Fusion Group Ltd, and the combined company’s shares and warrants are expected to trade on Nasdaq under the ticker symbols GFUZ and GFUZW respectively.
