Commonwealth Fusion Systems’ Post

Fusion energy startups are building real hardware, which means we’re spending real money with suppliers who have what we need. Specifically, we spent more than $612 million in 2023, and we expect a 21% spending increase in 2024, according to data gathered for the Fusion Industry Association’s new Supply Chain 2024 report. What do we buy? Top items include vacuum pumps, high-grade steel, more common metals, power electronics, and precision manufacturing services. And items that could constrain us include specialized metals, laser components, high-temperature superconductors, and gaseous fusion fuels. For details, check the FIA’s Supply Chain 2024 report here: https://lnkd.in/eb__j46B #Fusion #FusionEnergy #SupplyChain

We’ve seen fusion energy progress with the United States and United Kingdom adopting regulations that treat our power plants similarly to particle accelerators, and this week Commonwealth Fusion Systems made the case that Germany should follow suit. “The regulatory framework is really important, because that is what gives us certainty about the timelines and what we need to do,” said Sara Castegini, our Principal Global Policy Lead, in testimony before the German Committee for Education, Research, and Technology Assessment. The committee discussed how to best build innovation-friendly and risk-appropriate legal and regulatory frameworks for commercial fusion energy in Germany and Europe. We're conducting a global site search for our early fusion power plants and believe that “Countries that have decided to regulate fusion akin to particle accelerators will become the global leaders in fusion,” Castegini told the committee. Fusion energy is different from fission, the process in nuclear power plants we’re familiar with on today’s electrical grid. Fusion is inherently safer, with no risk of meltdown and with no long-lived radioactive waste. Regulations should be designed for that lower risk profile and not be based on fission regulations. The committee heard that message not only from us, but from all the other experts on the panel including staff from Proxima Fusion and Marvel Fusion. Details here: https://lnkd.in/dzQxUMXq #Fusion #Germany #FusionEnergy

As we come closer to harnessing the power of fusion energy, it’s crucial to create supportive policies to accelerate commercialization. The Fusion Industry Association (FIA) recently published a white paper, “Commercializing Fusion Energy: The policy incentives that will attract and accelerate the fusion industry.” It details policies for success, including: ✅ Use Public-Private Partnerships: Cost-share programs help fusion companies while protecting the taxpayer ✅ Provide Regulatory Certainty: Fusion needs regulations that are entirely separate from fission, a completely different process ✅ Level the Playing Field: Fusion energy technologies should benefit fairly from programs that support zero-carbon, clean energy By aligning efforts across sectors, we can revolutionize our energy landscape, enhance economic security, and tackle climate change effectively. Read the full white paper here: https://bit.ly/4eFhPPD #FusionEnergy #EnergyTransition

It’s good to have green tech allies here in Massachusetts, both in the governor’s office and in the private sector, to help educate and attract the talent we need to fight climate change. Thanks to Maura Healey (left) and Lt. Gov. Kim Driscoll (right) for their commitment to clean tech here and for honoring Commonwealth Fusion Systems and the other 27 Massachusetts companies named to Time Magazine's Top Greentech Companies of 2024 [https://bit.ly/48LE3uW]. Jessica Strunkin (left of center) and Kristen Cullen (right of center) were honored to receive your citation on behalf of CFS. Read the press release here: https://bit.ly/3XQdG54 #ClimateChange #FusionEnergy

We have partnered with the Max Planck Institute for Plasma Physics to drive innovation in fusion energy. Our recent workshop at IPP in Germany highlights the achievements made possible through our collaboration, particularly in testing plasma-facing components for our SPARC tokamak.

We're at the forefront of a global race toward a fusion-powered economy. CEO Bob Mumgaard and VP of Production Darby Dunn share the latest updates from inside CFS over the past 6 months. We’ve seen tremendous momentum at our Devens, Massachusetts campus and in those last six months have: 🔧 Kicked off installation of equipment in Tokamak Hall 👥 Grown our team to 800 and counting, making us one of the largest fusion organizations in the world ⚙️ Doubled the rate of manufacturing on our toroidal field (TF) and poloidal field (PF) magnet manufacturing lines ✅ Finished manufacturing our central solenoid model coil (CSMC) for a key upcoming test What's next? We'll announce where we’ll build ARC, the world’s first fusion power plant, ramp up magnet production for SPARC, and start installing SPARC’s first large components. #FusionEnergy #EnergyTransition