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Commonwealth Fusion Systems has agreed to sell Italian energy company Eni more than $1 billion worth of power from its first fusion reactor. The power plant will be built outside of Richmond, Virginia, close to some of the highest densities of data centers in the country. The 400-megawatt fusion reactor, called Arc, is expected to…
Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more. “We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a…