Commonwealth Fusion Systems
Commonwealth Fusion Systems is a private fusion energy company, spun out of MIT in 2018, that develops high-temperature superconducting magnets and tokamak-based fusion systems. It is building a net-energy demonstration machine called SPARC and planning a follow-on fusion power plant called ARC to generate grid-scale electricity.www.cfs.energy
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Search complete. 40 mentions across 28 episodes found for "Commonwealth Fusion Systems".
Nov 4, 2026
Jake JurewiczGUEST
So I started in the fusion space, two years in fusion research and development.
Jake JurewiczGUEST
in the lab and with the team that eventually became Commonwealth Fusion Systems.
Jake JurewiczGUEST
I, at the time, was frustrated having grown up in construction.
Jake JurewiczGUEST
I wanted to put steel on the ground and fusion was far from putting steel on the ground.
Vinod KhoslaGUEST
Mumgaard was a senior fellow at the MIT Plasma Fusion Lab.
Vinod KhoslaGUEST
There was no company called Commonwealth Fusion.
Vinod KhoslaGUEST
Everybody told me, no, you shouldn't invest in AI.
Vinod KhoslaGUEST
It's 20 years away, 30 years away.
Mukesh BansalHOST
Let's look at some of these.
Mukesh BansalHOST
The most well-known of fusion startups is Commonwealth Fusion Systems, which was spun out of MIT.
Mukesh BansalHOST
They have raised $4 billion.
Mukesh BansalHOST
So nearly a third of all the fusion money that has been raised has gone to Commonwealth Fusion.
Mukesh BansalHOST
There are many permutations.
Mukesh BansalHOST
It's almost like early days of building aeroplanes.
Mukesh BansalHOST
When the Wright brothers first figured out how to fly a plane, there were so many computing architectures, you know, where to put the wings, what kind of engines to build, how to steer aircraft, aircraft body should be designed what materials and so on it took over half a century before it got called standardized today if you look at any airplane it looks nearly identical only size may differ but where the fusion is today there are many competing architectures so i talked about tokamak which is still the most popular architecture large majority of global effort around fusion is based on tokamak including commonwealth fusion systems In India, we have a startup called Pranos Fusion, which is doing some amazing work.
Mukesh BansalHOST
In fact, they recently had a major milestone.
Mike SchroepferGUEST
which I'm betting on, which is, like, Fusion.
Mike SchroepferGUEST
I'm going to go see Commonwealth Fusion Systems.
Mike SchroepferGUEST
I think they've been on, too.
Mike SchroepferGUEST
I'm going to go visit Devon's on Monday of next week and fill my new series, Field Trips, where we go tours behind the scenes.
Chris SaccaGUEST
30 plus billion dollars.
Chris SaccaGUEST
Yeah, but now it's fun to get bids for Commonwealth Fusion and it's fun to get bids for Eximer.
Chris SaccaGUEST
And so I love the new liquidity, the secondary market is a great indicator of how our portfolio is performing.
Chris SaccaGUEST
And I've loved that reassurance, like, oh shit, okay, we were early.
Chris SaccaGUEST
Yeah.
Chris SaccaGUEST
But now it's fun to get bids for Commonwealth Fusion.
Chris SaccaGUEST
And it's fun to get bids for Eximer.
Chris SaccaGUEST
And so I love the new liquidity.
Rob BlackGUEST
Well, I think Pacific Fusion is going to have their facility up and running about five, but it's an R&D facility.
Rob BlackGUEST
But to demonstrate that it works, Commonwealth Fusion is building a fusion reactor in Virginia now with the plan, I believe it's 28, 29, to be on the grid in Virginia.
TJ TroutHOST
Okay, so hypothetically, in my lifetime, I don't look at me, but in my lifetime, I might be able to see this before I quote.
TJ TroutHOST
Yeah, no,
speaker_0NARRATOR
As of last week, it's definitely back on.
speaker_0NARRATOR
Helion and Commonwealth Fusion Systems, or CFS, received awards totaling $260 million from the Department of Commerce under the Chips and Science Act.
speaker_0NARRATOR
the 2022 law that funds domestic semiconductor development to develop advanced semiconductors used to help power and control their reactors.
speaker_0NARRATOR
Helion landed $175 million, while CFS reeled in $85 million.
Jasmine MundHOST
Four, Department of Commerce announces letters of intent with four companies for $389 million of R&D awards to strengthen America's energy semiconductor supply chain.
Jasmine MundHOST
Our fourth story takes us yet again to the United States, where the Department of Commerce has announced plans to provide up to $260 million in funding for two FIA members, Helion Energy and Commonwealth Fusion Systems.
Jasmine MundHOST
The funding, announced under the Chips and Science Act, will support the development of advanced semiconductors and power electronics.
Jasmine MundHOST
technologies that could play a crucial role in making commercial fusion power more efficient and affordable.
Jasmine MundHOST
Even relatively small electrical losses can have a significant impact on the amount of usable power produced.
Jasmine MundHOST
Helion CEO David Kirtley explained the potential impact, saying, If we can cut that loss in half, that's actually twice the power output of the fusion system.
Jasmine MundHOST
Meanwhile, Commonwealth Fusion Systems has signed a letter of intent for up to $85 million to advance semiconductor technologies used in plasma heating, power electronics and control systems.
Jasmine MundHOST
The research could help support the development of its future arc fusion power plants.
Adrian PocobelliHOST
by a staff writer at mining.com. U.S. Commerce Department plans to invest up to $389 million in semiconductor materials and advanced power technologies, including $56 million specifically earmarked for ultra-high-purity quartz processing as Washington seeks to strengthen domestic chip supply chains.
Adrian PocobelliHOST
The proposed funding announced Thursday would support four companies, Hellion, Commonwealth Fusion Systems, Vertical Semiconductor, and Sibelco.
Adrian PocobelliHOST
The awards form part of a $10 billion semiconductor research and development program authorized by Congress in 2022.
Adrian PocobelliHOST
The investment would, quote, accelerate American semiconductor innovation to enhance our domestic energy and power sources, Commerce Secretary Howard Lutnick said.
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