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Commonwealth Fusion Systems books a $1B+ power deal for its future fusion reactor
The fusion startup has inked a deal with Italian energy company Eni. The move is likely intended to set a price for fusion power.
Mumgaard told reporters last week that CFS’s first power plant, the demonstration-scale Sparc reactor in Devens, Massachusetts, is 65% complete. It’s reactor design is based on the tokamak, a widely studied system in which D-shaped superconducting magnets confine and compress superheated plasma. Google has hinted that it will use Arc’s electricity to power its data centers, but Eni, which is one of the world’s largest oil and gas companies, doesn’t have operations in the U.S. that would demand that amount of energy.
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