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CFS was founded in 2018 as a spin-off from the MIT Plasma Science and Fusion Center. [4] After initial funding of $50 million in 2018 from the Italian multinational Eni, [2] CFS closed its series A round of venture capital funding in 2019 with a total of US$ 115 million in funding from Eni, [5] Bill Gates's Breakthrough Energy Ventures, Vinod Khosla's Khosla Ventures, and others.
Meanwhile, MIT-backed Commonwealth Fusion Systems, which has raised funding from Gates’s Breakthrough Energy Ventures, Jeff Bezos, and Richard Branson, aims to have a commercial plant up and ...
Both energy companies on the Future 50 focus on clean energy, with Adani Green Energy (No. 35) pioneering large-scale solar and wind projects and Commonwealth Fusion (No. 45) working toward 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 ...
SPARC is a tokamak under development by Commonwealth Fusion Systems (CFS) in collaboration with the Massachusetts Institute of Technology (MIT) Plasma Science and Fusion Center (PSFC). [1] Funding has come from Eni, [2] Breakthrough Energy Ventures, Khosla Ventures, Temasek, Equinor, Devonshire Investors, and others. [3]
Commercial Fusion is a term used to refer to privately owned companies whose aim is to sell electricity produced by nuclear fusion. The industry now consists of over 40 companies who have attracted a combined total of more than $6 billion in investment.
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 ...
The need for a fusion pilot plant has been recognized throughout the program to develop fusion power.Most recently before the announcement of the Milestone-Based Fusion Development Program, in 2021 the National Academies of Sciences, Engineering, and Medicine (NASEM) released a report which highlighted the need for such a program and advised its creation. [4]