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Commonwealth Fusion Systems

USA

Commonwealth Fusion Systems is a commercial fusion energy company that develops high-temperature superconducting magnets and tokamak fusion systems. It builds fusion demonstration machines and power plants intended to provide clean, net-positive energy to the power grid.

verified 17 July 2026

↗ Commonwealth Fusion Systems Builds on Learnings From SPARC to Publish Five Peer-Reviewed Papers Validating the Physics of the ARC Fusion Power Plant | Commonwealth Fusion Systems↗ Commonwealth Fusion Systems↗ Home | Commonwealth Fusion Systems

Fact sheet

Connections

Recent developments

  • CFS CEO Bob Mumgaard identified South Korea as a key pillar of the global fusion supply chain in an interview with Maeil Business, signaling the company's intent to expand international supply-chain partnerships into South Korea.

    Read more ↗mk.co.kr19 Jul
  • Commonwealth Fusion Systems has been named the first international partner in the UK Atomic Energy Authority's (UKAEA) LIBRTI (Lithium Breeding Tritium Innovation) program, a £220 million UK government-funded initiative focused on tritium breeding technology.

    Read more ↗h2-tech.com17 Jul
  • Linked to Helion Energy: Helion Energy and Commonwealth Fusion Systems are competing players in the private fusion industry, both among the top fundraisers in the past year.

    Read more ↗zerohedge.com16 Jul
  • Linked to Proxima Fusion: Proxima Fusion and Commonwealth Fusion Systems are competing players in the private fusion industry, both among the top fundraisers in the past year.

    Read more ↗zerohedge.com16 Jul
  • CFS led all fusion companies in financing over the past year with $863 million raised, ahead of Proxima Fusion ($518M), Helion Energy ($465M), and Inertia Enterprises ($450M), according to a new industry report tracking $4.5 billion in total private fusion investment.

    Read more ↗energynews.pro15 Jul
  • Commonwealth Fusion Systems raised $863 million in a Series B2 round in August 2025, bringing its total funding to nearly $3 billion. The round was oversubscribed and backed by tech heavyweights and PE firms.

    Read more ↗zerohedge.com16 Jul
  • SPARC reactor reached approximately 75% completion as of mid-2026, keeping the project on track toward its ~2027 net energy gain demonstration target.

    Read more ↗folsomfelines.org14 Jul

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