Commonwealth Fusion Systems

Time for a new 6-month update from CEO Bob Mumgaard about what we’re up to at Commonwealth Fusion Systems: ️️ ⚡️ See the site in Chesterfield County, Virginia, for our first ARC fusion power plant ️⚡️ Hear how Google has agreed to purchase 200 megawatts of power — half of ARC's output — starting in the early 2030s ️⚡️ See new SPARC tokamak parts due soon, including its vacuum vessel and first magnets ️⚡️ Learn about the supply chain we’re building that helps SPARC and also the broader fusion industry Bob Mumgaard: “When we founded the company, we had a roadmap: Start with magnets, then build a factory to make more magnets for SPARC, build and operate SPARC, go build ARC, build more ARCs. We’re still on that same roadmap, and it’s all coming together." #FusionEnergy #Science

"History doesn't repeat itself, but it rhymes... We talk about some of the technologies that the US founded — where we have been the inventor, we've done the innovation, we've done the hard work, we've seeded it. Then we cede it to China. Fusion is the one thing where the future is yet to be determined." That's our Chief Commercial Officer, Rick Needham, speaking with Andrew Holland of the Fusion Industry Association alongside other fusion leaders during Reuters' Future of Fusion Webinar yesterday. As Rick pointed out, while the US often leads innovation, it doesn't necessarily lead its adoption at scale. With fusion, the future is still unwritten, and this pattern doesn't have to continue. "Commercial fusion is at the cusp right now. Why now? It's material advancements. It's compute advancements. It's AI. All these things are making fusion more possible now... Let's wake up, shake the tree, and own this future. Not just give it up." #China #FusionEnergy

Two major technology transformations came into alignment today in Washington, DC: AI and fusion energy. At an artificial intelligence event I attended today, the White House released an AI action plan that calls for the US to put a priority on reliable, dispatchable power and specifically to “embrace new energy generation sources at the technological frontier,” including fusion energy. Here’s why this is important. AI is a major technological force, but its data centers need electricity. OpenAI, the maker of the ChatGPT AI tool, said this week it expects to have more than a total of 1 million AI chips in service by the end of 2025 — and after that they’re headed toward 100 million. That’s a tremendous amount of new power demand. When we put fusion on the power grid in the early 2030s, we think it’ll be the ideal power source not just for data centers but to help power the global economy’s energy needs. Fusion power plants can be built just about anywhere, with essentially unlimited fuel and no emissions. Fusion has no reliance on pipelines or weather, and it’ll operate 24x7. Google, another major AI force with its Gemini tool, is helping us to build this fusion future with a new investment in CFS and an agreement to buy 200 megawatts of electricity from our first ARC power plant. That partnership, which we announced in June, is a clear sign there’s demand for what we’re offering. As I told Bloomberg News this morning about our Google deal, “Hyperscalers are fundamentally techno-optimists that believe in a future that is abundant and the technology can be used to solve problems and enable new things. Having that involved with fusion is a really good match. That's a big signal that fusion is wanted.” The government can help bring fusion’s benefits to the grid faster. Fully funding programs like the U.S. Department of Energy (DOE)’s Milestone-Based Fusion Development Program would help several fusion energy companies, including CFS, so people and businesses can benefit from this new source of energy as soon as possible. Scroll to the comments to catch the link to the Bloomberg TV interview. #FusionEnergy

The fifth annual Fusion Industry Association report released today shows an acceleration in fusion industry funding growth, increasing to a total of $9.8 billion. Notable trends in the report:  • Fusion companies raised a total of $2.64 billion in the 12 months leading to July 2025.  • The year’s investment total is the highest since 2022 and a 178% rise from last year.  • Over the last five years, the number of fusion companies in the report increased from 23 to 53, and the total $9.8 billion raised is a 5x increase since 2021. This funding growth signals sustained, significant confidence in the fusion energy industry and its efforts to bring this novel technology online. The companies themselves remain optimistic: 35 of the 45 companies that responded expect to put a commercially viable net energy fusion plant online between 2030 and 2035. Funding, while not a guarantee of success, is a necessary ingredient to making fusion energy a reality. With investors funding multiple companies, and fusion companies exploring a variety of potential fusion power plant approaches, humanity gets more shots on goal for bringing fusion energy to the grid. When that happens, we all win. Read the full report here: https://xmrrwallet.com/cmx.plnkd.in/ekMN4PRY #FusionEnergy

"Fusion is, I'm convinced, after more than fifty years covering it and writing about it, at hand," says Llewellyn King, host of White House Chronicle. He and co-host Adam Clayton Powell III recently chatted with our own Chief Commercial Officer, Rick Needham, to discuss what we're building at CFS, what makes fusion uniquely suited for a demanding energy future, and the significance of our recently announced deal with Google — the first direct power purchase agreement in history between a customer and a fusion energy company. Watch the full interview here: https://xmrrwallet.com/cmx.plnkd.in/e5K_P8PJ #FusionEnergy #AI #BigTech

A compelling read from The New York Times, highlighting the intense global race to define the future of energy. The article does an excellent job laying out the scale of China’s clean energy acceleration— more wind and solar installed last year than the rest of the world combined, along with a rapidly widening lead in critical technologies from EV batteries to nuclear power. This shows what's possible when you have technology that can scale figured out. This piece really reinforces for me the monumental challenge and opportunity before us at Commonwealth Fusion Systems. The future of energy demands scale, security, and abundance. Fusion checks the box on each one of those needs. It’s the ultimate game-changer, the last new power source humanity will ever need. It could scale even faster. This is what it will take to enable what will be the largest energy transition in history. Whoever wins this will be able to set the trajectory of energy, and everything relies on energy. We intend to win. That's a bold ambition, and we're making steady progress toward it, with SPARC and then ARC. Read the article here: https://xmrrwallet.com/cmx.plnkd.in/emnjTNYm #FusionEnergy #CleanEnergy #EnergyTransition #Innovation

🚀 We are very excited to announce our first foray in to the #fusion space with our upcoming webinar "The Future of Fusion: Driving Commercial Success": a critical discussion focusing on overcoming the key challenges to commercializing fusion energy, taking place next month. We will be joined by key industry-leaders including: 💡Jim McNiel, Chief Growth Officer, TAE Technologies, Inc 💡Rick Needham, Chief Commercial Officer, Commonwealth Fusion Systems 💡Jacqueline Siebens, Director of Public Affairs, Helion 💡Andrew Holland, CEO, Fusion Industry Association 🔗 Secure your spot now! https://xmrrwallet.com/cmx.pbit.ly/4kLDhoy The 1-hour online panel will delve into solutions to key challenges including: 🔍 Accelerating technological advancements 🔍 Encouraging finance and investment partnerships 🔍 Supporting regulatory frameworks to advance commercialization 🔍 Building critical supply chains and networks 🔍 Advancing material development to support deployment 📅 July 24, 2025 / 3:00pm BST / 10:00am EST 🔗 Can't attend live? Sign up anyway to receive the recording: https://xmrrwallet.com/cmx.pbit.ly/4kLDhoy With many thanks to our partner, Fusion Industry Association! Reuters Events Nuclear #fusionenergy #commercialization #thefutureofenergy

Historic news for CFS: We’ve signed a landmark agreement with Google, a multifaceted partnership that dramatically advances our commercial fusion energy mission: ⚡️Google signed an offtake agreement for 200 megawatts of power from our first ARC power plant ⚡️Google is increasing its corporate investment in CFS ⚡️Google has the option to procure power from future ARCs This deal is a very strong signal that the world wants the clean, secure power that fusion offers. Together, we’re catalyzing the fusion market. The CFS–Google agreement pairs the leading fusion energy developer with one of the most innovative companies in the world, a pioneer in commercial agreements that drove the success of earlier new clean energy sources. Read more here: https://xmrrwallet.com/cmx.plnkd.in/eRs7ysFN #FusionEnergy #PowerMoves 

Speakers at the Atlantic Council's Global Energy Forum last week clearly appreciated the role fusion energy can play in meeting rising electricity demand in the US and elsewhere in the world — clean, secure, affordable, 24x7 power with abundant fuel that can support economic growth. Our Chief Global Affairs Officer Jennifer Ganten was there to help provide the CFS perspective on our work to demonstrate fusion energy technology with our SPARC machine and then to put watts on the grid with ARC power plant in the early 2030s. Among her points: ⚡ Fusion will need to be cost-competitive to succeed, measured by dollars power kilowatt-hour. ⚡ CFS’ first fusion power plant will be in Virginia, but we’re building a business designed to scale globally. ⚡ Regulations appropriate to fusion’s safety advantages are key to that global expansion. You can watch the discussion here: https://xmrrwallet.com/cmx.plnkd.in/ea8XzJ2R #FusionEnergy

It’s time for a fresh look inside the facility where we’re building SPARC, a machine called a tokamak we’re building to demonstrate fusion energy’s commercial viability. In this tour, Alex Creely, Director of Tokamak Operations and tour guide shows how the first element of the tokamak is installed — and how we’ve begun putting some of the supporting hardware through its paces. Check the tour video to see: ⚡ Our new cryostat base, SPARC’s foundation, positioned with millimeter accuracy ⚡ The radio frequency heating building, home to electronics that will heat SPARC’s fusion fuel ⚡ The utility building, where we have the cryogenics to keep SPARS’s magnets cold. ⚡ The operations building for diagnostics we’ll use to operate SPARC and learn from it Ultimately, we’ll apply what we learned to our ARC power plant — both how to design it and how to run it. Our mission is to deliver many ARC power plants, but SPARC is the machine that gets us there. #FusionEnergy #Science