Commonwealth Fusion Systems, based on MIT research, has launched with $50m in initial capital from energy company Eni to develop fusion power.
Commonwealth Fusion Systems (CFS), a new US-based fusion power technology developer emerging from Massachusetts Institute of Technology’s (MIT’s) The Engine, has raised $50m in funding from energy supplier Eni.
Maria Zuber, vice-president for research at MIT, noted in an editorial for newspaper Boston Globe that unnamed US-based investment funds also participated in the round, but the press release ascribed the full $50m investment to Eni.
The company is hoping to attract additional investors, though a target size for the round…
