MIT spinout Commonwealth Fusion Systems has launched with $50m in capital from energy utility Eni to develop fusion power.
Commonwealth Fusion Systems (CFS), a US-based fusion power technology developer emerging from Massachusetts Institute of Technology (MIT)’s The Engine accelerator, has raised $50m in funding from energy supplier Eni.
Maria Zuber, vice-president for research at MIT, revealed in an editorial for newspaper Boston Globe that the round included undisclosed US-based investment funds, but a press release ascribed the full $50m investment to Eni.
The company is hoping to attract additional investors, though a target size for the round has not…
