Prime Movers Lab

Today, CFS announced another major advance in our fusion energy push: we raised an additional $1 billion in funding. This is the largest investment round in commercial fusion worldwide since our $1.8 billion funding round in 2021, bringing our total capital raised to $4 billion. This investment reflects growing confidence from new partners in our technical progress, our team, and our commercialization path. It comes at a time when it’s clear the world needs a new energy option that provides safe, clean, and firm electricity. “CFS is making what once was impossible into inevitable,” said CFS CEO and Co-founder @BobMumgaard. “In the 2030s, we will put commercial fusion on the grid. We have the science that works and the proven execution that’s consistently validated by the market. We regularly welcome investors from around the world to our headquarters in Devens, Massachusetts, where they see real and tangible progress as we ready support systems and finalize the assembly of SPARC. In unlocking commercial fusion energy, we’re on a path to make an impact at a civilizational level.” CFS will use the funds raised to further accelerate our commercialization progress. In parallel to completing the assembly of our SPARC fusion demonstration machine, we’ll continue to develop the world’s first grid-scale fusion power plant, called ARC, at our Fall Line Fusion Power Station in Chesterfield County, Virginia. #FusionEnergy