Commonwealth Fusion Systems

Commonwealth Fusion Systems

Develops and commercializes fusion energy systems

About

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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Simplify's Take

What believers are saying

  • High-temperature superconductivity advancements could reduce operational costs for CFS.
  • DOE's Milestone program accelerates CFS's timeline to commercialize fusion energy.
  • CFS's land acquisition indicates readiness to scale operations and enhance production.

What critics are saying

  • Competition from startups like TAE Technologies could impact CFS's market position.
  • High costs and technical challenges may delay CFS's net energy gain timeline.
  • Reliance on rare-earth materials exposes CFS to supply chain vulnerabilities.

What makes Commonwealth Fusion Systems unique

  • CFS uses rare-earth barium copper oxide superconductor technology for energy development.
  • Collaboration with MIT enhances CFS's fusion research and technological capabilities.
  • CFS's SPARC project aims to be the first commercially-relevant net energy fusion machine.

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Growth & Insights
Headcount

6 month growth

14%

1 year growth

42%

2 year growth

106%

Benefits

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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