Eni has signed a $1B+ PPA with Commonwealth Fusion Systems for half the output of its planned 400 MW ARC fusion plant in Virginia. (Latitude Media)
The deal comes just three months after Google contracted for the other 200 MW, locking up the plant’s full capacity years ahead of its early-2030s target start date.
CFS, backed by $3B in funding and partners like Dominion Energy, is pursuing an independent power producer model—financing and operating the plant without ratepayer cost recovery.
Yes, but: CFS still faces the challenge of proving net-positive fusion, with its SPARC demo in Massachusetts slated to begin energy production after 2026.