Commonwealth Fusion Systems
Designing and building commercial fusion energy power plants.
Company facts
- Founded
- 2018
- Employees
- 1,000
- Headquarters
- United States
- CEO
- Bob Mumgaard
- Type
- Private
- Funding
- Series B · $863M · 2025
About
Commonwealth Fusion Systems (CFS) is recognized as the world's largest and leading commercial fusion energy company. The company is dedicated to revolutionizing the energy sector by developing commercial fusion energy systems that promise a transition to a cleaner and more abundant energy source. CFS has embarked on a pioneering mission to establish commercial fusion as the mainstay of the energy grid. The company’s innovative approach employs high-temperature superconducting (HTS) magnets, which have been collaboratively developed with MIT. These magnets enable the construction of smaller and less expensive tokamak fusion reactors, like the SPARC device, which aims to demonstrate net energy gain from fusion science.