Topic: fusion power
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Commonwealth Fusion Lands $1B+ Deal for Future Reactor
Commonwealth Fusion Systems has signed a power purchase agreement worth over $1 billion with Eni for electricity from its first commercial fusion reactor, Arc, planned for Virginia in the early 2030s. The company's smaller prototype reactor, Sparc, is 65% complete and on track for activation in 2...
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The $100M+ Fusion Startups: Who's Leading the Charge?
Fusion energy has advanced significantly with over $10 billion in private investment, driven by breakthroughs in computing, materials science, and plasma confinement. A key milestone was achieved in 2022 when a U.S. lab reached scientific breakeven, producing more energy from fusion than was inpu...
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Nvidia, Google, Bill Gates Back $863M Fusion Energy Funding
Commonwealth Fusion Systems raised $863 million from investors including Nvidia and Google, bringing its total funding to nearly $3 billion and highlighting growing confidence in commercial fusion energy. The company is building a prototype reactor, Sparc, aiming to achieve scientific breakeven b...
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