CFS and Eni Announce $1 Billion+ Fusion Power Purchase

Less than three months after announcing our partnership to sell Google power from our first ARC fusion power plant, Commonwealth Fusion Systems now has a second customer: @enivideochannel, an integrated energy company based in Italy with operations in 60 countries around the globe. Through this power purchase agreement, Eni will buy more than $1 billion of clean, secure, safe fusion energy from our first plant in Chesterfield County, Virginia.

The deal shows the value of fusion energy and CFS’ capabilities to deliver it to a diverse set of customers.

Google is a hyperscaler, and the 200 megawatts of power they’ve agreed to buy is useful for running their network of data centers packed with computing and AI hardware. Eni, on the other hand, brings a more industrial perspective, knowing firsthand the value of energy and the complexities of building and operating complex facilities at scale.

Fusion, the process that powers the sun, isn’t easy to reproduce on Earth, but CFS is making steady progress toward its goal of delivering power to the grid in the early 2030s. That progress is the foundation of confidence in our company. Both Google and Eni are early CFS investors too, but with these power purchase deals have broadened their CFS relationships.

#FusionEnergy #PowerMoves

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Commonwealth Fusion Systems is the world’s leading and largest private fusion company. The company’s marquee fusion project, SPARC, will generate net energy, paving the way for limitless carbon-free energy through the world's first grid-relevant fusion energy power plant, ARC. The company has raised more than $2 billion in capital since it was founded in 2018.

Follow along as we push forward to delivering fusion energy to power the world’s energy transition. #FusionEnergy #Energy #Science

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