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Commonwealth Fusion Systems

@CFS_energy22,993 subscribers

On a mission to deliver clean fusion energy fast enough to meet humanity’s biggest challenges with SPARC® and ARC™.

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Today, Commonwealth Fusion Systems announced we’ve raised $863 million in a new funding round — the second largest investment of committed capital into a deep tech or clean tech company ever. And the largest was our $1.8 billion Series B round in 2021. This Series B2 funding, from investors spanning the globe, speeds up our push to get fusion energy’s clean, secure, affordable power onto the grid as soon as possible. Here’s how we’ll use the funding. First, it lets us complete SPARC, the one-of-a-kind fusion machine we’re building right now at our headquarters in Devens, Massachusetts to demonstrate net fusion energy. Second, this investment lets us accelerate work on our next machine, the ARC fusion power plant we plan to build in Chesterfield County, Virginia — the first of many. With this funding round, we broadened our range of investors. Those supporting our fusion energy mission include not just earlier-stage investors like venture capitalists and ultrahigh-net-worth individuals, but also sovereign wealth funds, pension funds, private equity firms, global industrial companies, utilities, and banks. New investors in CFS include Brevan Howard, Counterpoint Global of Morgan Stanley; Stanley Druckenmiller; FFA Private Bank in Dubai; Galaxy Digital’s Galaxy Interactive; Gigascale; HOF Capital; @NevaSGR; NVIDIA's NVentures venture capital arm; Planet First Partners; Woori Venture Partners US, and a consortium of 12 Japanese companies led by Mitsui & Co. and Mitsubishi Corp. They join earlier investors that also returned, like Breakthrough Energy; Emerson Collective; eni; FutureVenturesVC; Gates Frontier; Google; Hostplus Superannuation Fund; Khosla Ventures; Lowercarbon Capital; SafarPartners; former Google CEO Eric Schmidt; Starlight Ventures, and Tiger Global. What unites that diverse group: they see an enormous new industry forming as we harness the power source of the sun here on Earth. And CFS is leading that fusion energy charge. #PowerMoves #FusionEnergy

Commonwealth Fusion Systems

49,681 次观看 • 11 个月前

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Today, we laid the physics foundation for our ARC fusion power plant. ⚛️ With 5 deeply researched papers — validated by independent peer review and published in the Journal of Plasma Physics — we’ve shown we've nailed the scientific basics of producing copious amounts of fusion power. The collective assessment from our 58 co-authors? This machine will work. No scientific breakthroughs are required to bring this clean, secure, abundant source of energy to the grid. Here is how we're handling fusion's biggest challenges: ⚡ Powering the Grid: Using extremely strong magnets, ARC will confine the plasma long enough to generate 1.1 GW of fusion power. We'll convert that into 400 MW of continuous net electricity — enough to power ~280,000 average American homes. 🛡️ Handling Heat Exhaust: To control a superhot, unruly cloud of charged particles, we're utilizing proven methods to safely handle the heat exhaust that acts as a key practical constraint for tokamaks. ✅ Managing Disruptions: We aren't trying to build an operationally perfect machine. We are pragmatically designing ARC to safely handle disruptions and keep the plasma stable for top performance. 🏗️ Proving the Approach: We're building on decades of tokamak research and supercomputer simulations. And we're proving our approach right now with SPARC, the tokamak we are actively building in Massachusetts. With our transparency, you don’t have to take our assertions on faith. We are really pushing fusion forward.

Commonwealth Fusion Systems

11,095 次观看 • 2 个月前

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