Big, big week for us at Commonwealth Fusion Systems and for the fusion industry as whole. Can't wait to break ground for the first ARC power plant. Virginia, here we come!
Fusion is coming... to Chesterfield County, Virginia. In an enormous development for Commonwealth Fusion Systems and for the commercialization of fusion energy, CFS has committed to build the world's first grid-scale fusion power plant, ARC, in Virginia. We evaluated more than 100 sites around the world before settling on this location, a good site with good infrastructure and a strong appetite for the firm supply of power we'll provide. We'll independently finance, build, own, and operate this first-of-its-kind technology so we can start generating clean, carbon-free energy in the early 2030's. We'll also collaborate with Dominion Energy Virginia to help smooth ARC's path to the grid, benefitting from their development and technical expertise while helping the utility learn about fusion. ARC will produce about 400 megawatts of electricity — enough to power 150,000 homes in the area or some of the largest commercial and industrial sites. Watch the video to learn more and hear from our CEO, Bob Mumgaard, about the announcement. For more details, check Bob's blog post about what this means for CFS: https://bit.ly/4gF0s1c #PowerMoves
Well earned and well deserved. Thank you for your drive and commitment towards a sustainable future for All.
🚜🏗️🚧👷🏻♀️Lets get digging 🫰🏼🫰🏼
Congratulations on a great milestone!
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3moFantastic update!!