General Fusion completed its SPAC merger with Spring Valley Acquisition Corp. III on July 10, 2026, becoming the first publicly traded fusion company. Shares will begin trading on Nasdaq under GFUZ on Monday after an earlier $1 billion deal announcement that followed layoffs and a CEO funding plea, plus a new Italy deployment partnership with Renexia, though significant technical hurdles remain.
General Fusion is working to tap the atom-smashing reactions that power the sun in hopes of generating commercially viable amounts of electricity.
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LG Energy Solution has begun production of LFP and NMC battery cells at its Lansing, Michigan factory, announced on 18 August. The plant is expected to reach more than 35 GWh annual capacity to supply both BESS and EV customers including Toyota.
Encavis has acquired its first utility-scale standalone BESS in Italy, OX2 has purchased two projects from Hanwha in the Italian market, and Sunotec has commissioned a 379MWh installation in Bulgaria as part of its debut collaboration with GEN-Is.
Base Power has raised $1 billion to commercialize its new 39.2-kWh Core home battery that provides up to 36 hours of backup and installs in under an hour. The funding will speed deployment of a system three times larger than typical home batteries that also participates in virtual power plants.
