Commonwealth Fusion Systems
Summary
It’s a lot of work to invent a new source of energy and even more to build an industry. But the strategic partnership that Commonwealth Fusion Systems (CFS) announced with Google today is fast-tracking that progress by helping to pull fusion power onto the electrical grid to meet our early 2030s plan. Google and CFS are sending a demand signal now to catalyze the commercial fusion market.
Here are the parts of the deal that make this partnership such a monumental moment for CFS:
- Google has become our first customer by signing the largest fusion power purchase agreement in history for 200 megawatts (MW) — half the electrical power output from our first ARC power plant in Chesterfield County, Virginia.
- Google is making a new investment in CFS on top of its participation in our 2021 fundraising effort. That’ll provide funds to help us develop ARC, showing that customers have a stake in ensuring the products that meet their needs get developed and built.
- As part of this strategic partnership, Google has an option beyond the first ARC to procure power from future plants, sending a strong signal that the world should prepare for fusion at scale.
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