Work Here?
Work Here?
Work Here?
Industries
Energy
Company Size
501-1,000
Company Stage
Grant
Total Funding
$2B
Headquarters
Harvard, Massachusetts
Founded
2018
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, making them an efficient method for achieving fusion. Currently, CFS is manufacturing high-temperature superconducting magnets and constructing SPARC, which aims to be the first commercially viable net energy fusion machine. The success of SPARC will lead to the development of ARC, the first fusion power plant. CFS differentiates itself from competitors by its commitment to scientific integrity and a mission-driven approach, aiming to provide cost-competitive fusion energy to help combat climate change.
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$1958.7M
Above
Industry Average
Funded Over
5 Rounds
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
Cambridge, Massachusetts, United States, December 2024 - John Kruep has been appointed as Senior Director, People Operations at Commonwealth Fusion Systems (CFS).
Fusion, The Ultimate Energy SourceAs stable, reliable, cheap, and carbon-neutral energy supplies become an increasingly pressing issue, all eyes have been on nuclear solutions.This includes nuclear fission, or the splitting of heavy atoms like uranium, thorium, or plutonium. This technology is making a dramatic comeback on the back of the phasing out of coal and gas power plants, despite the need for baseload power generation, as well as the trends of electrification of transportation, heating, and industrial production.It is, however, not without problems, even for the more advanced 4th generation of nuclear power plants. Most notably, it still involves the handling of highly radioactive materials, something the public is still wary of and never going to be fully environmentally neutral.This is why scientists have been looking at the promises of nuclear fusion, which merge together atoms like hydrogen, the same phenomenon powering the Sun.This would use a fuel that is the most abundant element in the Universe and produce only harmless helium or lithium. It would also be powerful enough to make available essentially infinite energy, with zero risk of explosion or runaway chain reaction.The problem is that producing the required conditions is so hard to achieve that no fusion reactor has ever come close to commercialization so far.This might change in less than a decade, at least according to Commonwealth Fusion Systems (CFS). The company has just announced that it is moving toward building the first commercial fusion reactor in Virginia .CFS Reactor ProjectCommonwealth Fusion Systems is aiming for its ARC reactor to generate 400 MW for the Virginian power grid, which is enough to power 150,000 homes.This is a radical advancement for the field of nuclear fusion, as it always seemed that the first scale-up reactor was 20-30 years away. Even the massive international endeavor that is ITER (International Thermonuclear Experimental Reactor) is not expected to be finished before 2039.In comparison, the CFS reactor is planned to be built on a site owned by the energy company Dominion (D +0.2%)
CFS plans to invest billions into constructing the plant near Richmond, which is expected to generate 400 megawatts of electricity-enough to power around 150,000 homes.
Commonwealth Fusion Systems (CFS), founded in 2018 in Cambridge, Mass., plans to build a fusion power plant in Chesterfield County's James River Industrial Park.
CFS, one of the largest and most-hyped nuclear fusion companies, will make a multibillion-dollar investment into building the facility near Richmond.
Find jobs on Simplify and start your career today
Industries
Energy
Company Size
501-1,000
Company Stage
Grant
Total Funding
$2B
Headquarters
Harvard, Massachusetts
Founded
2018
Find jobs on Simplify and start your career today