Commonwealth Fusion Systems builds fusion energy systems that use high-temperature superconducting magnets to confine plasma in tokamaks, making smaller and less expensive machines. Their SPARC project aims to produce net energy from fusion, with ARC envisioned as the first commercial fusion power plant. They sell these fusion systems to energy providers and industries that need lots of power, generating revenue from system sales. Their goal is to deliver cost-competitive, clean fusion energy to help reduce climate change, pursuing a practical, data-driven path in collaboration with MIT.
Company Size
1,001-5,000
Company Stage
Series B
Total Funding
$3.9B
Headquarters
Harvard, Massachusetts
Founded
2018
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