Commonwealth Fusion Systems books a $1B+ power deal for its future fusion reactor

Commonwealth Fusion Systems (CFS), a fusion startup, has secured a power purchase agreement worth over $1 billion with the Italian energy company Eni. This deal is seen as a significant step in the commercialization of fusion power, as it sets a price for the future electricity generated by CFS's fusion reactor. The agreement will enable CFS to sell the electricity produced by its fusion reactor to Eni, providing a reliable revenue stream and helping to demonstrate the economic viability of fusion technology. This is particularly important as the fusion industry works to overcome the challenges of scaling up and commercializing fusion power. The deal also highlights the growing interest and investment in fusion technology, with major players in the energy industry recognizing its potential to provide a clean and sustainable source of energy. As CFS continues to develop its fusion reactor, this agreement with Eni is expected to serve as a model for future collaborations and power purchase deals in the fusion industry.