A new entrant in the race to commercialize fusion energy, Commonwealth Fusion Systems, aims to capitalize on superconductor technology from MIT and $50 million from the Italian energy company Eni.
The collaboration between the Massachusetts Institute of Technology and Commonwealth Fusion, an MIT spinout based in Cambridge, Mass., came to light today after years of work behind the scenes.
“This is an important historical moment: Advances in superconducting magnets have put fusion energy potentially within reach, offering the prospect of a safe, carbon-free energy future,” MIT President L. Rafael Reif said in a news release.
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