Commonwealth Fusion Systems

OverviewSuggest Edit

Commonwealth Fusion Systems (CFS) is a company building a compact fusion power plant based on the ARC tokamak concept. It uses a high-temperature superconductor (HTS) called Rare Earth Barium Copper Oxide (REBCO) for building SPARC, a fusion device that produces plasmas that generate more energy than they consume.

TypePrivate
Founded2017
HQCambridge, MA, US
Websitecfs.energy

Latest Updates

Employees (est.) (Sept 2021)165(+2%)
Cybersecurity ratingAMore

Key People/Management at Commonwealth Fusion Systems

Bob Mumgaard

Bob Mumgaard

Chief Executive Officer
Dan Brunner

Dan Brunner

Chief Technology Officer
Steve Renter

Steve Renter

Chief Operating Officer
Amy Higgins

Amy Higgins

Head of Human Resources
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Commonwealth Fusion Systems Office Locations

Commonwealth Fusion Systems has an office in Cambridge
Cambridge, MA, US (HQ)
148 Sidney St
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Commonwealth Fusion Systems Financials and Metrics

Summary Metrics

Founding Date

2017

Commonwealth Fusion Systems total Funding

$199 m

Commonwealth Fusion Systems latest funding size

$84 m

Time since last funding

a year ago

Commonwealth Fusion Systems investors

Commonwealth Fusion Systems's latest funding round in May 2020 was reported to be $84 m. In total, Commonwealth Fusion Systems has raised $199 m
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Commonwealth Fusion Systems Operating Metrics

Jan, 2021

Trademark Applications

4
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Commonwealth Fusion Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

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Commonwealth Fusion Systems Online and Social Media Presence

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Commonwealth Fusion Systems News and Updates

Meet the winners of the 2020 NEVY Awards

The New England Venture Capital Association (NEVCA) may not have been able to pack innovators into the House of Blues for this year's NEVY Awards, but the theme of this year's ceremony paid homage to our new reality: "2OZ0 NEVYs: There's No Place Like Home."

CFS Awarded U.S. Department of Energy Grants in Collaboration with National Labs

Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, has been awarded three grants in collaboration with U.S. National Labs through the U.S. Department of Energy’s (DOE) Office of Fusion Energy Science’s (FES) Innovation Network for Fusion Energy (INFUSE) program to conduct re…

MIT Validates Science Behind New Nuclear Fusion Reactor Design

A proposed fusion reactor design by Commonwealth Fusion Systems has received a boost after its underlying scientific principles were validated by peer review. CFS, one of two fusion hopefuls that have attracted oil industry interest, published seven papers last month in the Journal of Plasma Physics…

New High-Temperature Superconductor (HTS) Cable Demonstrates High Performance

Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, joined researchers at the MIT Plasma Science and Fusion Center (PSFC) to announce they have designed, built, and demonstrated a new high-temperature superconductor (HTS) cable that can be engineered into magnets directly app…

Commonwealth Fusion Systems Raises $84 Million in A2 Round

Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $84 million in A2 funding, bringing the company's total funding to more than $200 million. The A2 round was led by Temasek with participation from new investors Equinor and Devonshire Investors,…

Commonwealth Fusion Systems rakes in $115 mln Series A

Cambridge, Massachusetts-based Commonwealth Fusion Systems, a fusion energy startup, has raised $115 million in Series A funding. The investors included Future Ventures, Khosla Ventures, Lowercase Capital, Moore Strategic Ventures, Safar Partners, Schooner Capital and Starlight Ventures.

Commonwealth Fusion Systems Frequently Asked Questions

  • When was Commonwealth Fusion Systems founded?

    Commonwealth Fusion Systems was founded in 2017.

  • Who are Commonwealth Fusion Systems key executives?

    Commonwealth Fusion Systems's key executives are Bob Mumgaard, Dan Brunner and Steve Renter.

  • How many employees does Commonwealth Fusion Systems have?

    Commonwealth Fusion Systems has 165 employees.

  • Who are Commonwealth Fusion Systems competitors?

    Competitors of Commonwealth Fusion Systems include Tokamak Energy, TerraPower and General Fusion.

  • Where is Commonwealth Fusion Systems headquarters?

    Commonwealth Fusion Systems headquarters is located at 148 Sidney St, Cambridge.

  • Where are Commonwealth Fusion Systems offices?

    Commonwealth Fusion Systems has an office in Cambridge.

  • How many offices does Commonwealth Fusion Systems have?

    Commonwealth Fusion Systems has 1 office.