Commonwealth Fusion System Books

Commonwealth Fusion Systems agreed to sell the Italian company Eni Eni ENI more than a billion dollars of energy from the first integration reactor.

Power plant It will be built outside Richmond, VirginiaNear some of the highest density of data centers in the country. CEO Bob Momgard said that the fusion reactor, which is 400 megawatts, is called ARC, is expected to open in the early thirties of the twentieth century.

ENI Agreement is the second such as the Commonwealth systems (CFS). In June, Google said he would do so Buy half of the reactor output. When asked, both CFS or ENI will not say the amount of strength covered by the deal or its temporal schedule.

“The first energy station in the CFS, the Sparc reactor, is the script of the Devens, Massachusetts, was completed by 65 %. The company has already said it is planning to run Sparc later in 2026, and Mumgaard confirmed that CFS “on the right track to do so.”

He said: “One of the reasons why we have built Sparc is that we can actually get an experience that looks like about building a completely full system.” “ARC will be the first among many things supported by the supply chain that is preparing for the scale.”

CFS is widely considered a pioneer in the integration industry. The reactor design depends on Tokamak, which is a widely studied system where it limits the Us -shaped magnets and the fake plasma pressure. In this plasma, molecules collide, form new atoms and release energy in this process. The company frequently updates scientists about its progress, and has managed intensive simulations to detect any possible obstacles.

CFS expects that Sparc be able to generate more power than required to maintain fusion reactions. But at the same time, the company will definitely not know if everything works until Sparc is complete. This is likely to exhaust a large part of $ 3 billion that you have collected so far, including A 863 million dollar tour of the B2 series I announced three weeks ago. This tour included checks of a wide range of investors, including NVIDIA, Google, Breakthrough Energy Ventures and Eni.

Which raises the question, what happens to CFS deals with Google and ENI if there is a delay, or what is worse, if the reactors do not work as planned?

Momsard said that the agreements are organized to “walk on the line” between punitive and cooperative. He said that the partners “understand these challenges that come from the first of the type.” “There is no one in this case, oh, as you know, invents a complete new technology, an entire industry, and if it does not work on this day, we will go away.”

Google hinted that it will use electricity in ARC to operate its data centers, but ENI, which is one of the largest oil and gas companies in the world, does not have operations in the United States that requires this energy of energy.

“Energy will be sent to the network at the end of the day,” said Lorenzo Fiorello, Director of Technology in Eni, Research and Development, and Digramid.

In short, I will resell it.

But any electricity created by ARC, a reactor of its kind, will be expensive. ENI is likely to lose the trading of the money you argue over the network more than profit.

Instead, this agreement may aim to help create a price of Fusion and avoid more money to build ARC.

Mumgaard admitted the same. He said that the energy purchase agreement, “gives us certainty from the place where the authority will go, what the price, etc., then allows us to finance this package to more financial investors in financing the project and other areas and start talking about what it will actually be to finance this plant.”