Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

by admin July 1, 2025
July 1, 2025
Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology, which marks the tech giant′s first commercial commitment to fusion.

The company unveiled plans to buy 200 megawatts of clean fusion power from what CFS describes as the world’s first grid-scale fusion power plant, known as ARC, based in Chesterfield County, Virginia.

ARC is expected to come online and generate 400 megawatts of clean, zero-carbon power in the early 2030s, which is enough energy to power large industrial sites or roughly 150,000 homes, according to CFS. The agreement also gives Google the option to purchase power from additional ARC plants.

Google, which has invested in CFS since 2021, said it also increased its stake in the Devens, Massachusetts-based company.

Google and CFS did not disclose the financial terms.

“We’re excited to make this longer-term bet on a technology with transformative potential to meet the world’s energy demand, and support CFS in their effort to reach their scientific and engineering milestones needed to get there,” Michael Terrell, head of advanced energy at Google, said in a statement.

Fusion is a process that takes light atomic nuclei and heats them to over 100 million degrees Celsius. At these temperatures, the fuel becomes a plasma, which eventually causes the nuclei to fuse and release significant amounts of energy. The energy is then captured to create carbon-free electricity.

CFS is one of many firms racing to achieve commercial-scale fusion energy and Google has invested in others. Earlier this month, Google announced continued funding for TAE Technologies, a California-based fusion energy company.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
A$4.5M Placement to Underpin Resource Growth Strategy
next post
Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Related Posts

How raising interest rates helps fight inflation and...

July 14, 2023

Bed Bath & Beyond relaunches with first store...

August 9, 2025

Former MGM Grand casino president to be sentenced...

May 9, 2024

Airbus could prioritize deliveries to non-U.S. customers if...

February 21, 2025

Streaming has surpassed cable as America’s most-watched viewing...

July 21, 2023

The lunch rush is dead as Americans live...

May 20, 2024

Online retailer Zulily is shutting down

December 29, 2023

A government shutdown wouldn’t stop air travel, but...

September 29, 2023

How immigrants are helping boost the U.S. job...

April 7, 2024

The U.S. economy grew at a 3.3% pace...

January 27, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Laurion Announces Closing Of Private Placement Of Flow-Through Units

    • Lundin to Sell Eagle Nickel-Copper Mine and Humboldt Mill to Talon Metals

    • Lithium Market 2025 Year-End Review

    • Nickel Price Forecast: Top Trends for Nickel in 2026

    • Kinetiko Commences Trading on North American OTC Market

    Categories

    • Business (1,424)
    • Investing (3,307)
    • Politics (3,699)
    • Stocks (1,889)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved