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Commonwealth Fusion Systems Raises $1 Billion To Advance Commercial Fusion Power
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Ventureburn
The company will use the investment to complete its SPARC demonstration reactor and advance the ARC commercial fusion power plant.
Funding Strengthens Commercial Fusion AmbitionsCommonwealth Fusion Systems raised $1 billion in new equity funding for commercial fusion power development initiatives.
The Boston company aims to operate a full-scale fusion power plant commercially in the near future.
ARC is expected to become one of the world’s first commercial grid-scale fusion power plants successfully.
CFS said SPARC’s physical demonstration marks the next major engineering milestone toward commercial fusion electricity generation worldwide.