
An MIT spin-out company is planning to cross the commercial nuclear fusion finish line before anyone else, and big money is backing this game-changing tech that will dictate our energy future by promising unlimited zero-carbon energy–the holy grail. By 2025, Commonwealth Fusion Systems (CFS)–an MIT spin-out–plans to see is SPARC project become the first fusion reactor to show “net energy gain” by 2025. By 2030, it intends to make nuclear fusion a commercial reality, disrupting all those nuclear fusion experiments elsewhere in the world that have been working towards this a lot longer, and disrupting energy–forever.
Microsoft billionaire Bill Gates believes it. He was the first big backer of CFS. And now, Norway’s oil giant–Equinor–is throwing money behind it.
Last week, CFS–founded only in 2018–raised another $84 million from investors in Europe and Asia, bringing the total raised by the nuclear fusion startup to $200 million. Singapore’s Temasek Holding Pte was also among the key investors for this cash round… CLICK for complete article