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Commonwealth Fusion Systems (CFS) is an American fusion power company founded in 2018 in Cambridge, Massachusetts after a spin-out from the Massachusetts Institute of Technology (MIT). Its stated goal is to build a small fusion power plant based on the ARC tokamak design. [ 2 ]
Brad Maurice Kelley (born 1956) is an American businessman who is the 9th largest landowner in the U.S., [1] with an estimated net worth of US$2.2 billion in 2018. [2] He founded the Commonwealth Brands tobacco company in 1991 and sold the company in 2001 to Houchens Industries for US$1 billion. [3]
If all goes to plan, Virginia will be the site of the world’s first grid-scale nuclear fusion power plant, able to harness this futuristic clean power and generate electricity from it by the ...
Commonwealth Fusion Systems, a private company spun off from the Massachusetts Institute of Technology, plans what it calls the world's first grid-scale fusion power plant in Virginia, to generate ...
This is limited to the largest 50 companies, all of which have annual revenues exceeding US$130 billion. This list is incomplete, as not all companies disclose their information to the media or general public. [3] Information in the list relates to the most recent fiscal year (mostly FY 2023 or 2024).
Governments are also increasing funding to help accelerate commercialization. The US government set aside a record $1.48 billion for fusion research in its 2024 budget alone.
In 2004, 2005, and 2006, Deitch was recognized by Investment Advisor magazine as one of the Top 25 most influential people in the financial planning industry. [29] In 2010, the magazine named him one of the “30 most influential individuals in and around the planning profession,” [30] In 2015, Deitch was named to Investment Advisor magazine as one of the Top 35 most influential people in ...
SPARC is designed to achieve this with margin in excess of breakeven and may be capable of achieving up to 140 MW of fusion power for 10 second bursts despite its relatively compact size. [ 2 ] [ 1 ] The project is scheduled to start operations in 2026, with the goal of demonstrating net power (Q > 1) in 2027. [ 4 ]