Energy & Science
Nuclear Fusion Startup Gets $84 Million to Enter Next Phase
Temasek and Equinor join equity round in Commonwealth Fusion Systems
Inside MIT’s C-Mod nuclear fusion reactor.
Photographer: Bob Mumgaard/Commonwealth Fusion SystemsThis article is for subscribers only.
U.S. clean-energy startup, Commonwealth Fusion Systems, raised an additional $84 million from major investors in Europe and Asia, underscoring that the appetite remains to back new technologies which could mitigate climate change.
As the world looks to ramp up the use of intermittent renewable energy, it needs to add forms of flexible clean power that can be turned on whenever needed. That’s why investments in previously-fringe technologies like long-duration energy storage, hydrogen and nuclear fusion are taking off.