Co-sponsored by CFREE Lincoln
Join us. for a discussion with Jessica Strunkin, Community Relations and Local Government Affairs Principal at Commonwealth Fusion Systems(CFS).
This talk will describe fusion energy and how the same process that powers the stars can be harnessed on Earth as the ideal source of carbon-free energy. A giant leap forward on the path to commercial fusion energy occurred in 2021 when Commonwealth Fusion Systems (CFS) and the Massachusetts Institute of Technology (MIT) demonstrated the world’s strongest superconducting magnet at the scale required for fusion power plant systems. This new magnet technology opened up the possibility of developing fusion power plants at a size that can commercially scale.
Following this success, CFS rapidly built a magnet factory in Devens, Mass. and is using its first-production magnets to build a prototype fusion machine, called SPARC®, to demonstrate net energy and the technology’s commercial viability. In parallel, site planning activities are underway at the Fall Line Fusion Power Station in Chesterfield County, Va., where fusion will be harnessed to provide 400 MWe of carbon-free energy starting in the early 2030s.
In July 2026, CFS announced a $1 billion capital raise – the single largest funding round among fusion energy companies worldwide since CFS announced its $1.8 billion Series B round in 2021. To date, CFS has raised $4 billion, representing about 30% of the total capital raised by the fusion industry to date.