Full-Time
Posted on 6/27/2024
Develops and commercializes fusion energy systems
No salary listed
Devens, MA, USA
This position is onsite in devens, MA.
This position is onsite in devens, MA.
This position is onsite in devens, MA.
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Commonwealth Fusion Systems focuses on developing fusion energy as a sustainable and abundant power source to address climate change. The company utilizes advanced magnet technology, created in partnership with MIT, to build smaller and more cost-effective fusion systems called tokamaks. These devices use magnetic fields to confine plasma in a toroidal shape, making them efficient for achieving fusion. Currently, CFS is manufacturing high-temperature superconducting magnets and constructing SPARC, the first commercially-relevant net energy fusion machine, which will lead to the development of ARC, the first fusion power plant. CFS aims to provide cost-competitive clean fusion energy, generating revenue through the sale of these systems. The company is distinguished by its mission-driven team, commitment to scientific integrity, and a collaborative approach to innovation.
Company Size
1,001-5,000
Company Stage
Series B
Total Funding
$3B
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
Commonwealth Fusion Systems, a company focused on commercializing nuclear fusion, has received strategic investment from Google Ventures (GV). The investment aims to support the company's efforts to generate cleaner and more stable energy using nuclear fusion technology, often referred to as creating a "man-made sun."
Google has invested $200 million in Commonwealth Fusion Systems (CFS) and agreed to purchase 200 megawatts of power from their ARC project in Virginia. This move signals a significant shift towards fusion energy as a clean power source. Fusion, unlike fission, merges atoms to release energy with minimal waste. The investment supports CFS's efforts to build a demonstration plant, aiming for sustained fusion power by the early 2030s, amid challenges in physics and engineering.
Google and Massachusetts-based Commonwealth Fusion Systems announced a deal Monday in which the tech company bought 200 megawatts of power from Commonwealth's first commercial fusion plant, the same amount of energy that could power roughly 200,000 average American homes.
Startups in the fusion energy sector have raised a total of $7.1 billion, with companies like Commonwealth Fusion Systems securing over $100 million each. These investments are driving advancements in high-temperature superconductors and AI-driven plasma control, bringing commercial fusion energy closer to reality. Despite technical challenges, experts believe fusion could transform global energy markets within a decade, reducing reliance on fossil fuels.
Commonwealth Fusion Systems has raised over $1 billion in its Series B2 round to advance its ARC fusion reactor, bringing total funding to nearly $3.8 billion. The company aims to deliver fusion power by the early 2030s. Additionally, Germany has shifted its stance on nuclear power, aligning with France to support nuclear energy in EU legislation under Chancellor Friedrich Merz. The Nuclear Company also raised $51 million to develop large-scale reactor campuses.