Commonwealth Fusion
Commonwealth Fusion is developing smaller, lower-cost tokamak fusion systems using high temperature superconducting magnets in collaboration with MIT. The company aims to commercialize fusion energy with its SPARC machine and future ARC power plant, supported by leading investors and strategic partnerships.
Overview of Commonwealth Fusion
Commonwealth Fusion is a company at the forefront of fusion energy technology. Spun out of MIT's Plasma Science and Fusion Center, the company focuses on developing high-temperature superconducting magnets to build smaller and more cost-effective tokamak fusion systems. With a mission to deliver cost-competitive, clean fusion energy, Commonwealth Fusion has united a world-class team dedicated to designing, constructing, and scaling fusion power plants.
SPARC: The First Net Energy Fusion Machine
The SPARC project represents a significant milestone for Commonwealth Fusion. It is poised to become the world's first commercially-relevant net energy fusion machine. By proving that fusion can be a viable commercial energy source, SPARC will pave the way for the development of the world's first fusion power plant, ARC. This groundbreaking technology aims to deliver clean fusion energy to combat climate change effectively.
Facilities and Operations in Devens, MA
Commonwealth Fusion has established a significant presence in Devens, MA, where it operates manufacturing facilities, a research facility, and corporate offices. The SPARC facility, located on this campus, will house a compact fusion device expected to demonstrate the commercial viability of fusion energy. This campus has already generated hundreds of jobs and attracted attention on a global scale.
Strategic Partnerships and Collaborations
Commonwealth Fusion has forged important partnerships to accelerate its mission. The company has a strategic framework agreement with Eni and a fusion energy cooperative agreement with the United Kingdom Atomic Energy Authority. These collaborations aim to advance fusion energy technology and bring it to market. Additionally, Commonwealth Fusion has active partnerships and programs with local communities to promote STEM education.
Investment and Recognition
Supported by the world's leading investors in breakthrough energy technologies, Commonwealth Fusion has raised $1.8 billion in funding to commercialize fusion energy. The company has received multiple awards from the U.S. Department of Energy and won several DOE INFUSE Awards, highlighting its role in accelerating fusion energy development. This investment and recognition solidify Commonwealth Fusion's position as a leader in the fusion energy sector.