Full-Time
Develops and commercializes fusion energy systems
$80k - $180k/yr
Senior
Devens, MA, USA
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 an effective method 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 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. The ultimate goal is to deliver a reliable and abundant energy source that can significantly reduce the impact of climate change.
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 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.
Commonwealth Fusion Systems has reportedly raised $1 billion in an extension of its Series B round to support the buildout of its demonstration fusion power reactor... University of Wisconsin spinout Realta raised $36 million for its modular magnetic mirror fusion technology.
Commonwealth Fusion Systems (CFS) has raised over $1 billion, led by an unnamed hyperscale data center developer, to build 400MW fusion reactors within a decade. CFS plans to construct the 'ARC' fusion power plant in Virginia by the early 2030s and aims to have a test system, 'SPARC,' by 2027. Despite challenges in fusion investments, CFS secured funding, while other companies like First Light Fusion and General Fusion face financial difficulties.
CFS has been developing SPARC step by step for years.
Fusion Fuel EfficiencyNuclear Fusion is potentially the ultimate green energy source, producing no dangerous byproducts, radioactivity (the only “waste” is helium), or greenhouse gases. And it could be powered by a fuel so abundant that it is a significant percentage of the entire Universe: deuterium, an isotope of hydrogen.But this is also a very difficult to achieve form of energy generation. It requires replicating on Earth the conditions in the core of the Sun, with tremendous pressures and tens or hundreds of millions of degrees.Nuclear fusion has been achieved in physics laboratories for decades, but a net energy-positive fusion reaction is still to be reached. This is what many are racing to accomplish, from the international megaproject ITER to commercial fusion projects like Commonwealth Fusion Systems and Proxima Fusion.Commercial viability will depend not only on achieving stable and energy-positive plasma generation, but also on the general efficiency of the process.One open question is the fuel efficiency. Deuterium is known to be partially absorbed by the walls of the tokamak fusion reactors. Researchers at Princeton University, University of California, University of Tennessee, Sandia National Laboratory, and General Atomics are figuring it out.They published their results in Nuclear Materials and Energy1, under the title “Deuterium retention behaviors of boronization films at DIII-D divertor surface”.Deuterium, Tritium FusionThe lighter an atom is, the more potential energy is released when it undergoes nuclear fusion