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IPFS News Link • Energy

Billionaires $1.8 Funding for Commercial Fusion Maybe by 2030

•, by Brian Wang

They will also start work on ARC, the first commercial fusion power plant, which includes developing support technologies, advancing the design, identifying the site, and assembling the partners and customers for the future of fusion power.

Commonwealth Fusion Systems (CFS) has the fastest, lowest cost path to commercial fusion energy. CFS is collaborating with MIT to leverage decades of research combined with new groundbreaking high-temperature superconducting (HTS) magnet technology. HTS magnets will enable compact fusion power plants that can be constructed faster and at lower cost. The mission is to deploy fusion power plants to meet global decarbonization goals as fast as possible.

The main plan is to use high power superconducting magnets built at lower cost. CFS has built a 20 tesla, large-bore magnet and which it demonstrated in 2021. These high field magnets are the largest of their kind in the world by a factor of 100-1000 in magnet performance. They open a widely identified transformational opportunity for commercial fusion energy. HTS magnets will be used to enable SPARC, the world's first net energy from fusion device, and then ARC, the first fusion power plant. They also could have alternative applications that include wind turbines, MRI machines, and transportation.