Commonwealth Fusion Systemscfsis An American Fusion Power Company Founded In 2018 In Cambridgemassachusettsspun Out Of The Massachusetts Institute Of Technologymit Cfs Is Recognized As The World S Largest Commercial Fusion Energy Companyheadquartered In Devensmassachusettsthe Company Aims To Transition To Fusion Energy To Address The Growing Energy Demand Cfs Focuses On Developing High Temperature Superconductinghtsmagnetswhich Are Essential For Creating Smaller And More Cost Effective Tokamak Fusion Systemsthe Company Is Currently Constructing Sparcthe First Commercially Relevant Net Energy Fusion Machineset To Demonstrate Net Energy Gain By 2025Following Sparccfs Plans To Develop Arcthe First Commercially Viable Fusion Power Plantexpected In The Early 2030S With Over $2 Billion Raised In Capitalcfs Collaborates With Global Policymakerssuppliersand Researchers To Advance Fusion Energythe Company Employs Around 800 People And Is Led By Ceo Bob Mumgaarddriving Innovation In The Pursuit Of Sustainable Energy Solutions
