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Commonwealth Fusion Systems focuses on developing fusion energy as a clean and sustainable power source. The company utilizes advanced magnet technology, created in partnership with MIT, to build smaller and more affordable fusion systems called tokamaks. These devices use magnetic fields to confine plasma in a toroidal shape, which is essential for achieving fusion. Currently, CFS is manufacturing high-temperature superconducting magnets and constructing SPARC, the first fusion machine designed for commercial energy production. The success of SPARC will lead to the development of ARC, the first fusion power plant. CFS aims to provide cost-competitive fusion energy to help combat climate change, setting itself apart from competitors through its focus on scientific integrity and a mission-driven approach. The ultimate goal is to deliver a reliable and clean energy source that can significantly reduce the impact of climate change.
Company Stage
Grant
Employees
501-1,000
Industries
Energy
Total Funding
$2B
Headquarters
Harvard, Massachusetts
Founded
2018
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12.5 Company-wide Holidays
Our vacation policy is 'take vacation'
Our sick time policy is 'get better and try not to make others sick'
Generous parental leave policy
Health Reimbursement
Health, Dependent Care, & Limited Purpose Flexible Spending Accounts
Delta Dental, Blue 20/20 Vision optional
Wellbeing / Headspace coverage
Short-term & long-term disability
Life and AD&D insurance
401K
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