Commonwealth Fusion Systems
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Commonwealth Fusion Systems

http://www.cfs.energy/
Last activity: 01.05.2024
Categories: ManufacturingResearchScienceTechnologyWasteBuildingCommerceEnergyTechGreenTechIT
Commonwealth Fusion Systems (CFS) has the fastest, lowest cost path to commercial fusion energy. CFS is collaborating with MIT to leverage decades of research combined with new groundbreaking high-temperature superconducting (HTS) magnet technology. HTS magnets will enable compact fusion power plants that can be constructed faster and at lower cost. CFS is now building SPARC, the world's first commercially relevant, net energy fusion demonstration device. SPARC will pave the way for the first fusion power plant, ARC, that will produce power on the grid. The ultimate mission is to deploy fusion power plants to meet global decarbonization goals as fast as possible. CFS has assembled a team of leaders in tough tech, fusion science, and manufacturing with a track record of rapid execution. Supported by the world’s leading investors, CFS is uniquely positioned to deliver limitless, clean, fusion power to combat climate change. If you are interested in joining our team, check out cfs.energy/careers for more information.
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Mentions
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Location: United States, Massachusetts, Cambridge
Employees: 51-200
Total raised: $2B
Founded date: 2018

Investors 10

Funding Rounds 3

DateSeriesAmountInvestors
01.12.2021-$1.8B-
29.05.2020Series A$84M-
28.06.2019Series A$115M-

Mentions in press and media 46

DateTitleDescriptionSource
01.05.2024Commonwealth advances heart of fusion machinefigcaption>span]:font-sans"> The biggest and most well-funded fusion company, Commonwealt...axios.com/...
04.03.2024MIT researchers achieve fusion energy breakthroughIn a breakthrough that paved the way for unlimited carbon-free energy, Massachusetts Institute of Te...readwrite....
14.12.2023Термоядерная энергетика, токамак и ITER...Иллюстрация с сайта проекта ITER / www.iter.org Это расшифровка одиннадцатого выпуска моего подкаста...habr.com/r...
18.04.20237 common pitfalls for hardware startups and how to avoid the...You’ve likely heard that “hardware is hard”; mostly because hardware startups have to deal with thin...techcrunch...
12.04.2023Talking with Future Ventures about its new fund, AI hype, an...For a firm whose bets are largely unpredictable, the early-stage venture firm Future Ventures has be...techcrunch...
13.02.2023Commonwealth Fusion Systems Opens Fusion Energy Campus on Th...Commonwealth Fusion Systems (CFS) officially opened its new campus to support the development and de...aithority....
19.12.2022The Biggest Tech Innovations And Breakthroughs Of 2022Each year, a handful of innovations, breakthroughs, and discoveries push the boundaries of what is p...forbes.com...
02.10.2022The biological theory that explains why investors are bullis...For decades, the answer to when fusion power would arrive was like the punchline to an oft-repeated ...techcrunch...
17.08.2022Tiger Global vs SoftBank: Part 3In the first two parts of the series, we deep-dived into various facets of Tiger Global and SoftBank...vcbay.news...
10.05.2022Tiger Global, hit by $17B in hedge fund losses, has nearly d...Tiger Global is having a year. According to a new report from Financial Times, the low-flying-yet-se...techcrunch...
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