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Fusion Power Company CFS Raises $863M More From Google, Nvidia, and Many Others
When it comes to nuclear fusion energy, "How do we advance fusion as fast as possible?" asks the CEO of Commonwealth Fusion Systems. They've just raised $863 million from Nvidia, Google, the BIll Gates-founded Breakthrough Energy Ventures and nearly two dozen more investors, which "may prove helpf...
They've just raised $863 million from Nvidia, Google, the BIll Gates-founded Breakthrough Energy Ventures and nearly two dozen more investors, which "may prove helpful as the company develops its supply chain and searches for partners to build its power plants and buy electricity," reports TechCrunch.Commonwealth's CEO/co-founder Bob Mumgaard says "This round of capital isn't just about fusion just generally as a concept... The company expects to turn that device on later next year and achieve scientific breakeven in 2027, a milestone in which the fusion reaction produces more energy than was required to ignite it. Assuming Sparc doesn't reveal any major problems, CFS expects to begin construction on Arc, its commercial-scale power plant, in Virginia starting in 2027 or 2028...
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