OIL - Commonwealth Fusion Systems Signs $15 Million DOE Agreement To Advance Commercial Fusion Energy | Benzinga
DEVENS, Mass., June 6, 2024 /PRNewswire/ -- Commonwealth Fusion Systems (CFS) has signed an agreement with the U.S. Department of Energy worth $15 million to meet research and development goals leading to commercial fusion power. The funding is part of the first phase of the Department of Energy's (DOE) Milestone-Based Fusion Development Program to advance this critical new energy technology and to ensure U.S. leadership in the global race to develop it.
CFS was among eight fusion companies DOE selected in 2023 to receive a total of $46 million through the Milestone program. The program is a key element in support of the Administration's Bold Decadal Vision for Commercial Fusion Energy and the Net-Zero Game Changers Initiative. DOE Deputy Secretary David Turk announced the CFS agreement signing today at an event marking the second anniversary of the Bold ...