CFS, spun out of the Massachusetts Institute of Technology (MIT), is a leading developer of tokamak-based fusion energy systems. The company has unveiled plans to build the world\u2019s first commercial fusion power plant, the \u201cARC\u201d facility, in the state of Virginia, with operations targeted for the early 2030s.<\/p>\n
In June this year, Google signed a power purchase agreement (PPA) with CFS, drawing attention for committing to procure half of the ARC plant\u2019s 400-MWe output.<\/p>\n
Since its founding in 2018, CFS has raised more than USD 2 billion (about JPY 300 billion). With the latest investment and technology collaboration from the Japanese consortium, the company intends to further accelerate development. For the participating Japanese companies, the investment is expected to provide valuable expertise in the fusion field and help advance the early realization of fusion energy in Japan.<\/p>\n","protected":false},"excerpt":{"rendered":"
CFS, spun out of the Massachusetts Institute of Technology (MIT), is a leading developer of tokamak-based fusion energy systems. The company has unveiled plans to build the world\u2019s first commercial fusion power plant, the \u201cARC\u201d facility, in the state of Virginia, with operations targeted for the early 2030s. In June this year, Google signed a […]<\/p>\n","protected":false},"author":9,"featured_media":7633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,1250],"tags":[1344,1342,550,998,1345,1346,1348,1351,1350,623,190,1349,1353,1150,1347,1343,1352],"class_list":["post-7632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","category-rd","tag-arc","tag-cfs","tag-fusion","tag-fusion-energy","tag-google","tag-investment","tag-japan-us-collaboration","tag-jera","tag-kansai-electric","tag-mit","tag-mitsubishi","tag-mitsui","tag-mitsui-fudosan","tag-ntt","tag-ppa","tag-sparc","tag-sumitomo-mitsui"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t