All categories Energy & power Commonwealth Fusion Systems
Commonwealth Fusion Systems (CFS), founded in 2018 as an MIT spin-out, is revolutionizing fusion energy through high-temperature superconducting (HTS) magnet technology. These HTS magnets enable compact, powerful fusion systems capable of achieving net energy gain. CFS’s flagship project, SPARC, is designed to demonstrate the feasibility of sustained fusion reactions. The success of SPARC will pave the way for ARC, the world’s first fusion power plant intended for commercial electricity generation. ARC is expected to generate 400 megawatts of clean, sustainable energy and is slated to be operational by the early 2030s. CFS’s innovations promise to make fusion energy a practical, reliable, and environmentally friendly alternative to traditional energy sources. Based in Devens, Massachusetts, CFS has raised approximately $2 billion to advance its groundbreaking technology, with plans to bring fusion energy to market within the next decade.
Bob Mumgaard
CEO
Operating since 2018
1000 Members
Found any error in information about this organisation?
Are you owner of NeeRain Private Limited?
Similar companies
EnergyHub
New York, New York, United States
EnergyHub offers advanced distributed energy resource management systems, enabling utilities to integrate smart devices, optimize grids, and reduce emissions. Its platform supports demand response programs, grid optimization, and consumer engagement, driving energy efficiency and promoting sustainability for a smarter, cleaner future.
Omega Grid
Chicago, Illinois, United States
Omega Grid develops blockchain-powered energy market software that helps utilities manage distributed energy resources. By facilitating local energy trading, it optimizes grid efficiency, reduces reliance on centralized power, and rewards consumers for using clean energy, promoting sustainable and cost-effective electricity distribution.
Griddy
Houston, Texas, United States
Griddy, a Texas electricity provider, offered wholesale rates for a membership fee. However, during the 2021 winter storm, skyrocketing prices led to massive bills for customers. ERCOT cut off its grid access, lawsuits followed, and the company eventually declared bankruptcy.
Tiko Energy Solutions
Zurich, Zurich, Switzerland
Tiko Energy Solutions, a Swiss company, offers Virtual Power Plants and smart energy management systems, optimizing energy consumption and grid stability. It connects decentralized assets, helping residential and SME users enhance efficiency, reduce costs, and support the energy transition through intelligent solutions.
Next Kraftwerke
Next Kraftwerke, a Shell subsidiary, manages one of Europe's largest Virtual Power Plants. It aggregates decentralized energy resources, enabling efficient power trading, balancing, and grid stability. With over 15,000 networked units, the company advances renewable energy integration across multiple European markets.