General Fusion to go public via a SPAC with Spring Valley Acquisition Corp III.

General Fusion, a Canadian clean energy company, agreed to go public via a SPAC with Spring Valley Acquisition Corp III, a part of a family of investment vehicles formed for the purpose of acquiring or merging with a business, . Financial terms are not disclosed. “General Fusion has a 20-year track record of creating and advancing the fusion technologies that we believe will address one of humanity’s biggest challenges: meeting the urgent and growing demand for energy while delivering clean, sustainable, reliable baseload power. The fusion era is now, and we’ve ushered it in through decades of innovation and teamwork. That’s what’s made us one of only a handful of private fusion companies with real-world, meaningful fusion results on the path to commercial viability and why we’re set to become the world’s first publicly traded pure-play fusion company. This announcement and PIPE financing are the next step in our journey to bringing fusion energy to the grid,” Greg Twinney, General Fusion CEO.