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Full-Time

Innovation Program Manager

Posted on 5/20/2024

Commonwealth Fusion Systems

Commonwealth Fusion Systems

501-1,000 employees

Develops and commercializes fusion energy systems

Hardware
Energy
Social Impact

Mid

Devens, MA, USA

Category
Project Management
Business & Strategy
Required Skills
Communications
Management
Requirements
  • Bachelor's degree in engineering or applied physics discipline
  • Proven experience in project management, preferably including interfacing with government programs, and managing multi-investigator projects from across different organizations
  • Exceptional attention to detail, and a demonstrated track record of project management tool use
  • Excellent communication, presentation, and interpersonal skills, with the ability to influence and inspire others
  • Demonstrated ability to navigate ambiguity and external organizations
  • Work in a facility that contains industrial hazards including heat, cold, noise, fumes, strong magnets, lead (Pb), high voltage, high current, pressure systems, and cryogenics
  • Perform activities such as typing, standing, or sitting for extended periods of time
  • Willingness to travel or work required nights/weekends/on-call occasionally
Responsibilities
  • Support and track the end-to-end execution of OI programs, from program launch to close-out
  • Support creation and execution of project plans, timelines, and milestones
  • Coordinate cross-functional teams and stakeholders
  • Monitor and evaluate program effectiveness, identifying areas for improvement
  • Promptly flag budget and schedule variances, and escalate internally as needed
  • Own program change control
  • Apply and support standard company tools and frameworks to programs
  • Own and track partner payments
  • Track contract status and obligations including reporting obligations for government programs
  • Manage execution of contracts, supporting third party when necessary
  • Monitor and ensure compliance to third party requirements, especially for government programs
  • Survey and confirm application requirements
  • Coordinate, organize creation of necessary assets
  • Submission and tracking
  • Communicate progress, achievements, and challenges related to innovation initiatives to senior leadership and key stakeholders
  • Prepare and present reports, dashboards, and presentations to convey updates, outputs and budget and schedule compliance
  • Ensure transparency and accountability in all aspects of innovation program management
  • Partner communication and program reviews
  • Internal communication of OI activities and goals
  • Standardize and publish internally final report-outs from programs
  • Support strategic partnerships with external stakeholders, including startups, universities, and industry experts
  • Leverage tracked record of success to support communication to partner leadership and close the learning loop
  • Coordinate and execute onsite visits
Commonwealth Fusion Systems

Commonwealth Fusion Systems

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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, 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.

Company Stage

Series B

Total Funding

$3.8B

Headquarters

Cambridge, Massachusetts

Founded

2018

Growth & Insights
Headcount

6 month growth

19%

1 year growth

32%

2 year growth

106%
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Simplify's Take

What believers are saying

  • Securing a $15 million agreement with the DOE and multiple INFUSE awards highlights CFS's strong governmental support and potential for rapid growth.
  • The acquisition of additional land for expansion indicates a forward-thinking strategy and readiness for scaling operations.
  • CFS's innovative technology and strategic partnerships position it to be a leader in the clean energy revolution, offering significant career growth opportunities.

What critics are saying

  • The high costs and technical challenges associated with developing fusion energy could delay commercialization and impact financial stability.
  • Dependence on governmental funding and regulatory support introduces uncertainty, especially with changing political landscapes.

What makes Commonwealth Fusion Systems unique

  • CFS leverages revolutionary high-temperature superconducting magnet technology developed with MIT, setting it apart from other fusion energy startups.
  • Their focus on building commercially-relevant net energy fusion machines like SPARC and ARC positions them as frontrunners in the race to achieve practical fusion energy.
  • CFS's mission-driven approach and commitment to scientific integrity ensure a strong alignment with global sustainability goals, unlike competitors who may prioritize short-term gains.

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

INACTIVE