Commonwealth Fusion Secures $1B Investment

Commonwealth Fusion Systems has raised $1 billion in new funding to support the completion of its fusion demonstration machine, SPARC, and planning for its first commercial device, ARC. The funding, the largest venture capital deal in Massachusetts in nearly three years, will help advance fusion energy technology, which aims to produce clean electricity without hazardous waste. The company has now raised a total of $4 billion and plans to build its commercial plant in Virginia by the mid-2030s.

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