Article

As Commonwealth Fusion Systems approaches the completion of its $500 million nuclear fusion demonstration complex near Boston, the company has secured $863 million from global tech investors. This funding will support the development of a 400 MW power plant in Virginia and advance their SPARC pilot site, which is expected to generate more power than it consumes by 2027. With nearly $3 billion raised since its inception, Commonwealth Fusion is at the forefront of private fusion development, while upcoming hearings will explore the federal role in supporting this burgeoning sector.