Details

Last Funding Type

Series B

Last Funding Money Raised

$1.80B

Industries

Clean Energy,Electrical Distribution,Energy,Environmental Engineering,Renewable Energy

Founded date

Jan 1, 2017

Number Of Employee

251 - 500

Operating Status

Active

Legal Name

Commonwealth Fusion Systems LLC

Also Known As

Commonwealth Fusion Systems

Commonwealth Fusion is a research company that develops energy through an inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy. They combine proven physics backed by decades of government-funded fusion research with a revolutionary superconducting magnet technology to accelerate the path to commercial fusion energy

Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to the market. CFS was spun out of MIT and is collaborating with MIT’s Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. Supported by the investors in breakthrough energy technologies, the CFS team is uniquely positioned to deliver the fastest path to commercial fusion energy.

Commonwealth Fusion began operation in 2017, with its headquarters in Cambridge in Massachusetts.