Nvidia, Google, and Bill Gates Help Commonwealth Fusion Systems Raise $863M
12 days ago
- #Startup Funding
- #Fusion Energy
- #Clean Tech
- Commonwealth Fusion Systems (CFS) raised $863 million in a funding round with investors like Nvidia and Google.
- CFS has raised nearly $3 billion to date, the most among fusion startups.
- The company is building a prototype reactor, Sparc, aiming for scientific breakeven by 2027.
- CFS plans to start construction on its commercial-scale power plant, Arc, in 2027 or 2028.
- Both Sparc and Arc are tokamak reactors, using superconducting magnets to confine plasma.
- Investors, including new and existing ones, show strong confidence in CFS's fusion technology.
- CFS has a deal with Google to buy 200 megawatts from Arc.
- Funding for Arc is expected to be in the billions, with sources still under consideration.