MIT, Private Company Plan Fusion Reactor by 2033

Progress toward the long-sought dream of fusion power — potentially an inexhaustible and zero-carbon source of energy — could be about to take a dramatic leap forward.

Development of this carbon-free, combustion-free source of energy is now on a faster track toward realization, thanks to a collaboration between MIT and a new private company, Commonwealth Fusion Systems. CFS will join with MIT to carry out rapid, staged research leading to a new generation of fusion experiments and power plants based on advances in high-temperature superconductors — work made possible by decades of federal government funding for basic research.

CFS is announcing today that it has attracted an investment of $50 million in support of this effort from the Italian energy company Eni. In addition, CFS continues to seek the support of additional investors. CFS will fund fusion research at MIT as part of this collaboration, with an ultimate goal of rapidly commercializing fusion energy and establishing a new industry.

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