Commonwealth Fusion Systems
Funding Information
| Date | Amount | Type | Funders | Description |
|---|---|---|---|---|
September 03, 2020 | In Kind Grant | INFUSE | ||
September 03, 2020 | In Kind Grant | INFUSE | ||
September 03, 2020 | In Kind Grant | INFUSE | ||
May 25, 2020 | $84,000,000 | Investment Round | ||
April 06, 2020 | $2,390,000 | Cooperative Agreement | BETHE | |
June 27, 2019 | $115,000,000 | Investment Round | Series A | |
| Total: | $201,390,000 |
Description
Commonwealth Fusion Systems (CFS) was founded in 2018 as a spin-off of the Massachusetts Institute of Technology (MIT) Plasma Science and Fusion Center (PSFC).
CFS is developing magnets which utilize REBCO, a new high temperature superconductor.
CFS has attracted funding from Italian energy company ENI, Breakthrough Energy Ventures, ARPA-E, and others since its founding in 2017.
CFS's strategy is to design and build a prototype toroidal field coil magnet to demonstrate that toroidal field coils can be fabricated with REBCO. They will then build a set of these magnets for the construction of SPARC, a very high field tokamak that is designed to produce net fusion power.
Projects
Key Individuals
Bob Mumgaard, CEO
Brandon Sorbom, Chief Science Officer
Dan Brunner, Chief Technology Officer
Formation Date
2017
Location
Cambridge Massachusetts USA