Commonwealth Fusion Secures $1B+ Deal for Future Reactor

Commonwealth Fusion Systems has secured over $1 billion in power purchase agreements for its upcoming fusion reactor, Arc, expected to be operational in the early 2030s near Richmond, Virginia. The deal with Eni marks the second major agreement, following Google's purchase of half the reactor's output, and aims to establish a market for fusion energy while attracting further investment. The company is progressing with its demonstration reactor, Sparc, and aims to demonstrate the viability of fusion power as a clean energy source.