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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 ]
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 ]
Photo by J.T. O'DonnellPeter LeSaffre, CEO of Fusion WorldWide You've met these people before - they're highly successful (i.e. run their own companies, or have six-figure careers), and naturally ...
Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
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.
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 ...
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 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]