Commonwealth Fusion Systems
| File:Logo for Commonwealth Fusion Systems.jpeg | |
| Company type | Privately held company |
|---|---|
| Founded | 2018 |
| Headquarters | Cambridge, Massachusetts , USA |
Number of employees | 55 |
| Website | www |
Commonwealth Fusion Systems is an American company aiming to build a compact fusion power plant based on the ARC tokamak concept.[1] The company is based in Cambridge, Massachusetts.
History
CFS was founded in 2018 as a spin-off from the Massachusetts Institute of Technology (MIT) Plasma Science and Fusion Center (PSFC).[2] After initial funding of $50 million in 2018 from Eni,[1] CFS closed its Series A in 2019 with a total of $115 million in funding from Eni,[3] Breakthrough Energy Ventures, Khosla Ventures, and others.[4][5] CFS raised an additional $84 million in Series A2 funding from Temasek, Equinor, and Devonshire Investors, as well as from previous investors.[6]
Technology
The company plans to focus on proving new yttrium barium copper oxide (YBCO) high-temperature superconducting magnet technology, demonstrating a large-bore, high-field (20 Tesla) magnet in 2021.[6] This magnet technology will then be used to construct SPARC, a demonstration net energy tokamak.[7] It then plans to build a power plant based on the ARC design.[1] Both SPARC and ARC plan to use deuterium-tritium fuel.
See also
References
- ^ a b c "MIT and newly formed company launch novel approach to fusion power". MIT News. Retrieved 16 April 2018.
- ^ Tollefson, Jeff (9 March 2018). "MIT launches multimillion-dollar collaboration to develop fusion energy". Nature. pp. 294–295. doi:10.1038/d41586-018-02966-3. Retrieved 16 April 2018.
- ^ Devlin, Hannah (9 March 2018). "Nuclear fusion on brink of being realised, say MIT scientists". the Guardian. Retrieved 16 April 2018.
- ^ Rathi, Akshat (September 26, 2018). "In search of clean energy, investments in nuclear-fusion startups are heating up". Quartz. Retrieved February 4, 2019.
- ^ "Commonwealth Fusion Systems Raises $115 Million and Closes Series A Round to Commercialize Fusion Energy". PR Newswire. Retrieved June 27, 2019.
- ^ a b Systems, Commonwealth Fusion. "Commonwealth Fusion Systems Raises $84 Million in A2 Round". www.prnewswire.com. Retrieved 2020-05-26.
- ^ "A New Approach to Fusion Energy Starts Today | MIT Department of Earth, Atmospheric and Planetary Sciences". eapsweb.mit.edu. Retrieved 2019-04-09.
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