Canadian company General Fusion announced the completion of the first important technical phase of its LM26 program, aimed at developing magnetized target fusion technology. The result was achieved in collaboration with the UK Atomic Energy Agency (UKAEA), which served as co-author of the research. According to the developers, the achieved result is the first of its kind in the world and confirms the viability of the company's chosen technological approach to fusion energy. Magnetized target fusion technology combines elements of inertial and magnetic plasma confinement, which, according to proponents of the method, could allow for a reduction in the cost and complexity of future fusion reactors compared to traditional tokamaks. UKAEA's participation in the project underscores the UK's interest in developing fusion energy as part of its transition to low-carbon power generation. The agency has previously collaborated with a number of private companies developing alternative approaches to fusion. The achievement is regarded as a significant step towards creating commercially viable fusion energy, although the developers have not yet provided precise timelines for the creation of a working power reactor based on this technology. General Fusion plans to continue implementation of the LM26 program, viewing the current result as confirmation of the correctness of the chosen technical path.