CFS secures US$1bn deal with Eni to deliver fusion energy
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CFS secures US$1bn deal with Eni to deliver fusion energy. INTERNATIONAL oil and gas company Eni has agreed to purchase US$1bn worth of electricity from Commonwealth Fusion Systems (CFS), generated by its upcoming 400 MW ARC fusion power plant in Virginia, US. It marks the second agreement CFS has secured for the plant, following an earlier deal with tech giant Google for 200 MW of electricity from the site. Both companies are existing partners of CFS, with Eni one of the company's first investors in 2018. The ARC plant will be CFS's first commercial plant and according to the company, will look "just like" the 2,000 natural gas plants already built in the US. CFS said: "At CFS, we're incredibly motivated to get this fusion power onto the grid, at scale, as soon as possible, not just for the benefit of our business but for the benefit of everybody on the planet. This new deal with Eni helps secure that future for fusion energy." Going commercial. Although fusion energy remains in the experimental phase, with ongoing research into sustaining its output, many private companies are already making commercial plans. US fusion company Helion recently broke ground on Orion, its first commercial plant, set to connect to the grid by 2028. The project builds on six generations of tested prototypes, including one that achieved a milestone by heating fusion fuel to 100m°C. CFS...
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