commonwealth nuclear fusion

Superconducting Magnet Reduces the Cost for a Fusion Reactor by a Factor of 40

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A new 20 Tesla Superconducting magnet reduces the cost per watt of a fusion reactor by a factor of almost 40. MIT worked with Commonwealth Fusion Systems, a startup with over $2 billion in funding. The funders of CFS include Temasek Holdings (Singpore), the U.S. Department of Energy, Tiger Global Management, Bill Gates, Google and …

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Billionaires $1.8 Funding for Commercial Fusion Maybe by 2030

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Commonwealth Fusion Systems (CFS) announced it has closed on more than $1.8 billion in Series B funding to commercialize fusion energy. This money will be used construct, commission, and operate SPARC, the world’s first commercially relevant net energy fusion machine. They will also start work on ARC, the first commercial fusion power plant, which includes …

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