Commonwealth Fusion Systems secures new funding worth $84 million to create a fusion reactor in 2025.
Important Information
Upon the project completion, Commonwealth Fusion Systems will create a ten-ton magnet with a magnetic force equivalent to 20 MRI machines. "We have set off to build what has been our big goal all along, which is to build the full-scale demonstration magnet... we're in the act of building that. We'll turn that on next year."
"After we get the magnet to work, we'll be building a machine that will generate more power than it takes to run. We see that as the Kitty Hawk moment," for fusion, he said while other companies are already speeding to bring newer technologies to the market to be able to coincide with the 2025 timeline.
Within the next six to eight months, the company is hoping to locate a site suitable for its first demonstration of the reactor.
