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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 ]
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 ...
Commercial fusion companies predict that fusion power is roughly 10 years away For decades researchers have famously said that fusion power is always 30, or even 50, years away. [ 44 ] [ 45 ] The advent of commercial fusion has changed that, and now fusion power is typically predicted to be around 10 years away, with most companies predicting ...
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]
In 2006, Basile became the Chairman of the Board at Fusion-io and became CEO two years later, [6] where he convinced Apple co-founder Steve Wozniak to come on as chief scientist. [7] In his first year as CEO, the company achieved over $10M in sales and earned a Red Herring Global 100 award. [ 8 ]
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 ]
Commonwealth Fusion Systems in 2021 tested successfully a 20 T magnet making it the strongest high-temperature superconducting magnet in the world. Following the 20 T magnet CFS raised $1.8 billion from private investors. General Fusion began developing a 70% scale demo system. [69] In 2018, TAE Technologies' reactor reached nearly 20 M°C. [126]