- Global leader in fusion energy technology to invest more than $500,000, create 20 new jobs over five years
NASHVILLE Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and General Fusion Corporation officials announced today the company will establish its first U.S. operations in Tennessee by locating its U.S. headquarters in Oak Ridge.
Based in Vancouver, Canada, General Fusion Corporation, the U.S.-based subsidiary of General Fusion, Inc., will initially invest $539,000 and create 20 new jobs in Anderson County over the next five years.
Founded in 2002, General Fusion is working to transform the world’s energy supply with practical fusion energy. The company’s new U.S. headquarters will enhance its Technology Commercialization Program, managing collaborations with national laboratories such as Oak Ridge National Laboratory, universities and the U.S. government.
Learn more about General Fusion at generalfusion.com, and read the company’s full announcement here. To schedule an interview with General Fusion leadership, please reach out to the company’s media relations department directly at: [email protected] or 1-866-904-0995.
In the last five years, TNECD has supported nearly 80 economic development projects in East Tennessee resulting in approximately 10,500 job commitments and roughly $3 billion in capital investment.
“Tennessee is known as a leader in innovation thanks to the world-renowned establishments that call Oak Ridge home. This investment from General Fusion will enhance technology at ORNL and further strengthen the highly skilled workforce in Anderson County.” – Gov. Bill Lee
“General Fusion’s decision to invest and locate its first U.S. headquarters in Oak Ridge underscores our state’s pro-business environment, skilled workforce and exceptional quality of life. Tennessee is proud to be home to many world-renowned establishments, like Oak Ridge National Laboratory, that provide a clear advantage over our competitor states. We thank General Fusion for choosing to locate in Anderson County and look forward to seeing what will result from this project in East Tennessee.” – TNECD Commissioner Bob Rolfe
“Oak Ridge, Tennessee is the ideal location for our new U.S. headquarters. It will provide us with access to the state’s rich innovation ecosystem and the highly skilled workforce in the Oak Ridge region. Our new presence in Tennessee also gives us the platform to build stronger partnerships within the region and across the U.S., providing the more robust technical capabilities and competencies necessary for General Fusion to deliver clean fusion power by the 2030s.” – Christofer Mowry, CEO, General Fusion
“General Fusion is an exciting and innovative company in the energy technology sector. It is outstanding to see yet another outstanding business base their headquarters in our region and our state. I am grateful to see General Fusion expanding their operations and bring more high-quality jobs to Oak Ridge.” – Lt. Governor Randy McNally (R-Oak Ridge)
“The decision by General Fusion to expand their operations in Oak Ridge underscores our city’s world-class reputation as a center for science and technology advancements. I appreciate this investment in our skilled workforce, and I look forward to their continued growth and success.” – Rep. John Ragan (R-Oak Ridge)
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
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