{"id":726835,"date":"2026-06-10T05:48:11","date_gmt":"2026-06-10T05:48:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/726835\/"},"modified":"2026-06-10T05:48:11","modified_gmt":"2026-06-10T05:48:11","slug":"richmond-company-takes-top-spot-in-time-tech-ranking-daily-hive","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/726835\/","title":{"rendered":"Richmond company takes top spot in Time tech ranking | Daily Hive"},"content":{"rendered":"<p>A Metro Vancouver company has just been ranked as one of the world\u2019s best renewable energy companies.<\/p>\n<p>Time Magazine recently published a <a href=\"https:\/\/time.com\/article\/2026\/06\/09\/world-top-greentech-companies-2026\/\" target=\"_blank\" rel=\"nofollow noopener\">ranking<\/a> of the world\u2019s top \u201cGreenTech\u201d companies, stating that it\u2019s highlighting the companies \u201cdriving the transition to a greener world.\u201d<\/p>\n<p>It partnered with Statista to rank the top companies that \u201d either develop or provide green technologies, products, or services that help mitigate or reverse the environmental impacts of human activity.\u201d<\/p>\n<p>While over 57 per cent of the companies on Time\u2019s list were U.S.-based, General Fusion, a company with its headquarters in Richmond, ranked first out of 250 companies.<\/p>\n<p>\u201cGeneral Fusion is a nuclear energy startup specializing in a technique called\u00a0<a title=\"undefined\" href=\"https:\/\/science.osti.gov\/-\/media\/fes\/pdf\/2020\/NRC-Public-Forum\/AS2_B.pdf\" target=\"undefined\" rel=\"nofollow noopener\">magnetized target fusion<\/a>\u00a0that plans to\u00a0go public on the U.S. stock exchange through a $1 billion SPAC deal in mid-2026,\u201d wrote Time.<\/p>\n<p>It was founded in 2002 and has since been developing a way to produce energy by fusing atoms together, which is the same process that powers the sun.<\/p>\n<p>Magnetized target fusion (MTF) aims to achieve fusion in \u201ca practical way,\u201d wrote General Fusion in a release. It avoids superconducting magnets and high-powered lasers and instead uses existing materials. It uses a machine that squeezes extremely hot gas (plasma) with liquid metal to try to trigger fusion reactions.<\/p>\n<p>\u201cBeing named TIME\u2019s top GreenTech company of 2026 is a testament to the incredible work of our team and a recognition of our innovative approach to transforming the world\u2019s energy supply through fusion energy,\u201d said Greg Twinney, General Fusion\u2019s chief executive officer, in a release.<\/p>\n<p>\u201cFor more than 20 years, we have been building and proving our technology \u2026 We\u2019re on the path to industry-defining technical milestones to deliver practical fusion power in the next decade.\u201d<\/p>\n<p>Twinney added that they are receiving this recognition \u201cat a pivotal moment\u201d in the company\u2019s journey.<\/p>\n<p>Earlier this year, <a href=\"https:\/\/dailyhive.com\/vancouver\/general-fusion-spring-valley-acquisition-public-gfuz-nasdaq\" target=\"_blank\" rel=\"nofollow noopener\">General Fusion announced that it planned to go public<\/a> through a deal with Spring Valley Acquisition Corp III, which would make it the first publicly traded company focused entirely on fusion power.<\/p>\n<p>\u201cFusion has the potential to reshape global energy markets, but success depends on practical engineering, disciplined investment, and a clear path to commercialization. This award reflects our approach to developing fusion power plants that can deliver reliable, zero-carbon energy at scale,\u201d said Twinney.<\/p>\n<p>With files from Kenneth Chan<\/p>\n","protected":false},"excerpt":{"rendered":"A Metro Vancouver company has just been ranked as one of the world\u2019s best renewable energy companies. Time&hellip;\n","protected":false},"author":2,"featured_media":726836,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-726835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/726835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=726835"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/726835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/726836"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=726835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=726835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=726835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}