Day: April 4, 2022

World’s leading energy and industrial companies advising General Fusion on the development of practical commercial fusion power

VANCOUVER, British Columbia, April 04, 2022 (GLOBE NEWSWIRE) — General Fusion announced today the formation of a unique Market Development Advisory Committee (MDAC) to guide the development of its commercial fusion power plant. MDAC members include utilities serving millions of customers, innovative renewable energy providers, and companies leading the decarbonization of heavy industry. These companies span global markets in need of carbon-free, on-demand power to meet increasingly ambitious net-zero carbon emission policy goals. Many bring extensive expertise in evaluating, deploying, and operating commercial power generation assets.

General Fusion’s global network of investors and government, institutional, and industrial partners enable the company to pursue a more ambitious fusion technology commercialization program. Through the MDAC, General Fusion is proactively engaging the market to form a portfolio of prospective early fusion adopters to ensure that the performance and specifications of its Magnetized Target Fusion power plant will align with customer needs. The MDAC benefits its membership by providing a mechanism to monitor the development of General Fusion’s technology, understand when and how to include fusion in their new energy generation plans, guide the development of appropriate regulatory frameworks, and influence the company’s future product development.

Launched with nearly a dozen member companies spanning North America, Asia Pacific, and Europe, the MDAC will support General Fusion in designing a practical and compelling fusion power plant that can be deployed by the early 2030s. The MDAC will also recommend and support opportunities to evolve public energy policies promoting the early adoption of commercial fusion power plants as part of the energy transition to net-zero carbon.

“Now is the time to develop the global market for fusion energy. Companies are increasingly recognizing that to achieve their net-zero mandates and aspirations, they’re going to need fusion,” said Christofer Mowry, CEO, General Fusion. “Our Market Development Advisory Committee will help guide General Fusion in addressing this need using a partnership and collaboration strategy.”

“Bruce Power is committed to advancing a net-zero future and clean energy technologies that are essential to reduce greenhouse gas emissions,” said Richard Horrobin, Vice President, Business Development & Energy Innovation, Bruce Power. “Fusion is a key emerging technology that is complementary to the emissions-free electricity we produce. We look forward to applying our experience and expertise in innovation, clean energy production, and policy development to collaborate with General Fusion.”

“The path to net-zero means developing new sources of clean energy and reducing our reliance on imported fossil fuels, which is all the more important given the current issues in global energy markets and the situation in Ukraine,” said Michael Lewis, CEO, E.ON UK. “Energy-intensive industrial customers particularly will need alternative technologies if they are to meet net-zero targets and remain competitive in their own markets, and as the UK’s largest electricity provider, we are pleased to have the opportunity to work with General Fusion to look at how the market for their products could evolve in the UK and develop a new way to take action for the climate.”

“H2 Green Steel is on a mission to undertake the global steel industry’s greatest ever technological shift,” said Henrik Henriksson, CEO, H2 Green Steel. “That’s why we are teaming up with General Fusion to explore the global scalability of our technology, not limited by in-country power generation constraints. Fusion energy has the potential to accelerate the decarbonization of steel production. We look forward to working together with General Fusion on the practical application of fusion energy in heavy industry.”

“Specializing in renewable energy, pioneering sustainable and innovative technologies is in our DNA,” said Riccardo Toto, General Manager, Renexia. “That is why we have joined General Fusion’s international committee, to support bringing clean fusion energy technology to market. We will represent the Italian energy sector on the committee. We hope that fusion energy will soon represent a further opportunity to promote an energy mix less dependent on fossil fuels.”

“Nuclear power currently provides over 40% of the electric energy TVA produces for the people and businesses we serve in seven states,” said Joe Hoagland, Vice President for Innovation & Research, Tennessee Valley Authority (TVA). “Developing advanced nuclear and other technologies is important for TVA’s energy system of the future. The recent support of the United States Congress for public-private partnerships that promise to accelerate the growth of fusion is encouraging. We will continue exploring business relationships to innovate new clean-energy technologies in support of TVA’s aspirational goal of net-zero carbon emissions by 2050.”

General Fusion’s Magnetized Target Fusion removes the traditional technological barriers to delivering economical fusion power plants. The company recently reached a critical technology milestone, demonstrating the advanced engineering capabilities needed to scale its compression prototype to a full power system. Later in 2022, the company anticipates celebrating another milestone when it breaks ground on its Fusion Demonstration Plant at the UK Atomic Energy Authority’s Culham Centre for Fusion Energy. The Fusion Demonstration Plant will create the template for General Fusion’s first commercial power plant. It will confirm the performance and economics of the company’s technology at a power-plant-relevant scale.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

General Fusion’s Market Development Advisory Committee (MDAC) member companies

About General Fusion
General Fusion pursues a fast, efficient, and collaborative path to practical fusion power. We are completing an aggressive development plan to deliver economical carbon-free fusion energy with our proprietary Magnetized Target Fusion technology by the 2030s. Our mission is supported by a global syndicate of leading institutional investors, venture capital firms, and technology pioneers, together with governments across North America and Europe. General Fusion collaborates with a global network of partners to create a sustainable future built on cleaner energy, better materials, and a comprehensive life cycle approach to the world’s infrastructure. Founded in 2002, we are headquartered in Vancouver, Canada, with additional centers co-located with internationally recognized fusion research laboratories near London, U.K., and in Oak Ridge, Tennessee, U.S.A. Learn more at www.generalfusion.com.

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The global media technology partner adds new leadership to its experienced team, positioning the company for additional growth in the region.

GURGAON, INDIA, April 04, 2022 (GLOBE NEWSWIRE) — NEP Group, the leading media technology partner for content creators around the globe, announced that it has hired Keshav Kaul as Business Head for its NEP India operations. The addition of Kaul builds on the NEP’s established presence as the leader in providing outside broadcast solutions for live sport and entertainment in India and worldwide and positions the company for further growth in the region.

Kaul brings nearly 20 years of media and leadership experience to NEP. Most recently, he served as Business Head at Fremantle India Television Productions where he led strategy, business development, physical production, legal and business affairs for the company. During his tenure there, Kaul played a prominent role in shaping and driving the company’s India growth strategy, including its entry in premium scripted content production, expanding the licensing and production of its key formats into the Indian regional language market, and opening new revenue streams by monetizing its content on digital platforms. Among his many accomplishments, he led the licensing and production of several of the company’s shows in India, including headlining shows such as Indian Idol, India’s Got Talent and You V YouTube. Kaul also drove the licensing of international formats in the neighbouring South Asian markets of Nepal, Sri Lanka, Maldives and Pakistan.

Prior to his role at Fremantle, Kaul was CEO of Sol Productions and, prior to that, served as Assistant Vice President for Strategic Planning and Commercial at Star India where he led the acquisition of original scripted and unscripted content for the Hindi channels of the network. In 2011, he also founded Benchmark Studios, a production company offering a professional approach to the business of content production in both Indian and international markets.

“I couldn’t be happier to welcome Keshav to NEP to lead our business in this very important market,” said Saeed Izadi, President of NEP Singapore, India and Middle East. “He is extremely skilled at leading teams and has a tremendous entrepreneurial drive for building businesses to new levels. I’m confident that he, along with our entire NEP India team, will continue to deliver the best technology and talent to help our clients realize their creative visions.”

“I am delighted to be joining NEP and grateful for being given the opportunity to lead its India business. India is a fast-growing media and entertainment market and presents a great opportunity for the company’s future growth in the region,” Kaul said. “NEP is a leader in the industry, and I hope to contribute to its continued growth and success by leveraging my experience of leading world class entertainment productions.”

To learn more about NEP India’s broadcast solutions and career opportunities, visit https://www.nepgroup.in/, or contact the team at +91 124 4819800.

About NEP

NEP Group is the leading media technology partner for content creators around the globe. For more than 35 years, we have been delivering innovative products and services that enable our clients to make, manage and show the world their content—anywhere, anytime, on any platform. As a trusted partner working on some of the largest productions in the world, NEP offers a complete set of end-to-end solutions, from content capture to distribution—including a growing portfolio of transformational cloud-based, software-based and virtualized technologies. Our Live Production solutions range from AV services and live audience enhancements to traditional outside broadcast and cutting-edge centralized and cloud production. NEP’s Virtual Production solutions start at the creative stage and end with exceptional execution across ICVFX, augmented reality, LED stages and more. And, our Media Processing solutions provide the tools and products our clients need to ingest, edit, store, search, manage and distribute their digital assets to rights holders across multiple platforms.

Headquartered in the United States, NEP has operations in 25 countries with over 4,000+ employees. Together, we have supported productions in over 100 countries on all seven continents, and we’re still growing. Our clients range from the leaders in sport, music, film and TV, to major corporate brands, agencies, to new content owners and creators all around the world. Learn how we are helping clients bring their creative visions, content, live sports and entertainment to life at nepgroup.com.

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• Keshav Kaul To Lead NEP India Office

Susan Matis
NEP Group
+1 412 423-1339
press@nepgroup.com

Jordan Conigliaro
NEP Group
+1 412-423-1321
jconigliaro@nepgroup.com

New York, April 4, 2022: The best sports stars are choosing to travel with VistaJet, the first and only global business aviation company. Ahead of The 2022 Masters Tournament commencing this week, Champion male golfer, Jon Rahm, is officially unveiled as a VistaJet Program Member and Brand Ambassador. The announcement comes at a time when demand for safe, reliable, and conscious travel solutions has become a top priority for clients around the world.

The Champion, opted into VistaJet’s carbon offset program, shares why he chose the brand over any other way of flying — inspiring and connecting with like-minded Members and golf enthusiasts around the world. VistaJet’s new golf program, exclusive to Members, grants access to bespoke courses and event experiences across the globe.

Partners in excellence — Jon Rahm and VistaJet
A previous fractional jet owner, Jon Rahm became a VistaJet Program Member in 2021 to support his quest for even greater success professionally and personally saying, “fractional simply doesn’t offer this level of flexibility”.

Flying VistaJet eliminates risk and limitations that come with ownership, ensuring its Members can fly with guaranteed availability in as little as 24 hours’ notice, anywhere, anytime.

Jon has flown on a range of VistaJet aircraft including the Challenger 350 and Global 6000, and has been one of a limited few to experience the record-breaking Global 7500 jet. Having flown the jet to a tournament in Spain he said “after flying VistaJet’s Global 7500 it’s hard to fly anything else — nothing else is comparable, to be honest. I felt like I had a house in the air — I slept a solid eight hours, easily. It was the only time I’ve ever flown over the Atlantic with such a big-time zone change and never had any jet lag”.

Whether flying for a tournament, with friends or family, Jon has also benefited from VistaJet’s consistently exceptional service. The brand is one of the only providers to have a Cabin Hostess on every flight, including super-midsize jets. Trained by the best institutions, including the British Butler Institute, WSET, Norland College, and more, VistaJet prides itself on providing a service in the air that is unparalleled and personal. Jon notes,“the amount of work the VistaJet crew has done for us is beyond. They consider things that most would overlook. And knowing that every single Cabin Hostess on board is trained to take care of kids is amazing! We trust them”.

Ian Moore, Chief Commercial Officer at VistaJet added: “Golfing great Jon Rahm is the perfect VistaJet Brand Ambassador as golf, much like private aviation, relies on precision, timing, and a commitment to excellence.”

To further inspire Program Members in their passion for the sport, VistaJet’s new golf program will grant its Members access to some of the most private courses, tournaments, golf experiences, and destinations, as part of its Private World collection, including:

Mandarin Oriental, Canouan
Canouan has the only championship 18-hole golf course in the Grenadines archipelago. Located within the 1,200 acre private sanctuary of Grenadines Estate, the par-72 Jim Fazio course is played over two nine-hole loops, with the front nine meandering around the bay for epic views of the beaches and reef, and the second nine climbing up the hillside, presenting incredible vistas of Canouan and the surrounding islands including Mustique and Tobago Cays Marine Park.

Rosewood Castiglion del Bosco, Tuscany
The Club at Castiglion del Bosco, Tuscany, is Europe’s finest golf and wine experience at Italy’s only private, members-only golf club. The 18-hole golf course is one of the finest private courses in Europe and the only Continental European design of Champion golfer Tom Weiskopf. Weiskopf’s Tuscan masterpiece is exquisitely blended into the soft curves and contours of the estate’s rolling hills and valleys.

For more information about VistaJet’s new golf program please visit: vistajet.com/golf

Information
VistaJet | press@vistajet.com

About VistaJet 
VistaJet is the first and only global business aviation company. On its fleet of over 80 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world.
Founded in 2004, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere.
VistaJet is part of Vista Global Holding (Vista) — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light solutions to cover all key aspects of business aviation.
More VistaJet information and news at vistajet.com

VistaJet Limited is a European air carrier that operates 9H registered aircraft under its Maltese Air Operator Certificate No. MT-17 and is incorporated in Malta under Company Number C 55231. VistaJet US Inc. is an Air Charter Broker that does not operate aircraft. VistaJet and its subsidiaries are not U.S. direct carriers. VistaJet-owned and U.S. registered aircraft are operated by properly licensed U.S. air carriers, including XOJET Aviation LLC.

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• VistaJet for golf