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## GENERAL FUSION (VANCOUVER) • JUN 16, 2021.

# General Fusion to build its Fusion Demonstration Plant in the UK, at the UKAEA Culham Campus.

*Unlike conventional nuclear power, which involves fission or splitting atoms, the emerging fusion technology promises clean energy where the only emission would be helium, and importantly, no radioactive waste.*

New partnership between General Fusion and UKAEA is a landmark collaboration in the development of fusion, a technology for the world’s low-carbon future.

VANCOUVER, Canada and LONDON, United Kingdom (17th June 2021 BST): The UK Atomic Energy Authority (UKAEA) and General Fusion have announced an agreement under which General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UKAEA’s Culham Campus. General Fusion will enter into a long-term lease with UKAEA following construction of a new facility at Culham to host the FDP. The FDP will demonstrate General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, paving the way for the company’s subsequent commercial pilot plant. General Fusion will benefit from the cluster of fusion supply chain activities in the UK, centered on UKAEA’s globally recognized expertise and presence in the field.

Amanda Solloway, Science Minister for UK Government said: “This new plant by General Fusion is a huge boost for our plans to develop a fusion industry in the UK, and I’m thrilled that Culham will be home to such a cutting-edge and potentially transformative project. Fusion energy has great potential as a source of limitless, low-carbon energy, and today’s announcement is a clear vote of confidence in the region and the UK’s status as a global science superpower.”

The Fusion Demonstration Plant at Culham is the culmination of more than a decade of advances in General Fusion’s technology, and represents a major milestone on the company’s path to commercialization. The Fusion Demonstration Plant will verify that General Fusion’s MTF technology can create fusion conditions in a practical and cost-effective manner at power plant relevant scales, as well as refine the economics of fusion energy production, leading to the subsequent design of a commercial fusion pilot plant. Construction is anticipated to begin in 2022, with operations beginning approximately three years later.

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Two brothers in South Africa have disappeared along with $3.6 billion worth of bitcoin that was housed on their cryptocurrency investment platform, according to a Cape Town law firm hired by investors to investigate the alleged heist.

The law firm, Hanekom Attorneys, said it has reported the incident to the Hawks, an elite unit of South Africa’s national police force. Hanekom has also reported the matter to South African financial regulators and crypto exchanges around the world.

The brothers, Ameer and Raees Cajee, set up their crypto investment service, Africrypt, in 2019.

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Putting IT security practices in place will enable organizations to prevent ransomware attacks and help IT teams combat security challenges.

According to Check Point research, the number of organizations affected by ransomware has been growing at 9% monthly since the start of the year. From WannaCry, Petya, and SamSam to Ryuk, these ransomware attacks have caused huge financial and reputation losses for both public and private sector organizations – the recent attacks on Colonial Pipeline are just the latest example.

Organizations are in a tight spot to prevent these cyberattacks and safeguard what they have built over the years. While IT teams are already battling the challenges of securing remote endpoints in the changing work sphere, the rise in cyberattacks has added additional responsibilities on their shoulders.

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The Export-Import Bank of the U.S. has arranged financing for the SpaceX launch of a Hispasat satellite, the first space deal it has done in six years.

WASHINGTON — The Export-Import Bank of the United States has arranged financing for the SpaceX launch of a Hispasat satellite, the first space deal the bank has done in six years.

Ex-Im announced June 21 that it approved $80.7 million in financing for a Falcon 9 launch of a Hispasat satellite, Amazonas Nexus, as well as launch and initial in-orbit insurance. The bank said the financing will be in the form of either a direct loan or a loan guarantee.

The Spanish operator announced in early 2020 it ordered Amazonas Nexus from Thales Alenia Space. The 4500-kilogram satellite will replace Amazonas-2 at 61 degrees west in geostationary orbit. At the time of the contract announcement, Hispasat said it expected to launch the satellite in the second half of 2022. Bpifrance, France’s export credit agency, is financing the construction of the satellite.

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That could reshape the Indian market, which has very few internet companies. While big tech firms are among the largest listed companies in China and the U.S., energy, financials and IT outsourcers currently dominate the Indian market. Reliance Industries —India’s biggest listed company, controlled by the country’s richest man—is pivoting away from oil and gas and last year secured investments from Facebook and Google for its tech unit, Jio Platforms.

Companies such as Zomato, Flipkart and fintech giant Paytm are considering initial public offerings in what could be a transformative moment for India’s stock market.

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Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital.

The bank has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz, CNBC has learned.

The trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according to Galaxy co-president Damien Vanderwilt.

The moves by Goldman, the preeminent global investment bank, may reverberate on Wall Street and beyond as banks increasingly face pressure from clients who want exposure to bitcoin. By being the first major U.S. bank to begin trading cryptocurrency, Goldman is essentially giving other banks cover to begin doing so as well, said Vanderwilt, a former Goldman partner who joined Galaxy last year.

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A Middle Eastern advanced persistent threat (APT) group has resurfaced after a two-month hiatus to target government institutions in the Middle East and global government entities associated with geopolitics in the region in a rash of new campaigns observed earlier this month.

Sunnyvale-based enterprise security firm Proofpoint attributed the activity to a politically motivated threat actor it tracks as TA402, and known by other monikers such as Molerats and GazaHackerTeam.

The threat actor is believed to be active for a decade, with a history of striking organizations primarily located in Israel and Palestine, and spanning multiple verticals such as technology, telecommunications, finance, academia, military, media, and governments.

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Circa 2019

As quantum computing enters the industrial sphere, questions about how to manufacture qubits at scale are becoming more pressing. Here, Fernando Gonzalez-Zalba, Tsung-Yeh Yang and Alessandro Rossi explain why decades of engineering may give silicon the edge.

In the past two decades, quantum computing has evolved from a speculative playground into an experimental race. The drive to build real machines that exploit the laws of quantum mechanics, and to use such machines to solve certain problems much faster than is possible with traditional computers, will have a major impact in several fields. These include speeding up drug discovery by efficiently simulating chemical reactions; better uses of “big data” thanks to faster searches in unstructured databases; and improved weather and financial-market forecasts via smart optimization protocols.

We are still in the early stages of building these quantum information processors. Recently, a team at Google has reportedly demonstrated a quantum machine that outperforms classical supercomputers, although this so-called “quantum supremacy” is expected to be too limited for useful applications. However, this is an important milestone in the field, testament to the fact that progress has become substantial and fast paced. The prospect of significant commercial revenues has now attracted the attention of large computing corporations. By channelling their resources into collaborations with academic groups, these firms aim to push research forward at a faster pace than either sector could accomplish alone.

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