Today, Commonwealth Fusion Systems announced we’ve raised $863 million in a new funding round — the second largest investment of committed capital into a deep tech or clean tech company ever. And the largest was our $1.8 billion Series B round in 2021. This Series B2 funding, from investors spanning the globe, speeds up our push to get fusion energy’s clean, secure, affordable power onto the grid as soon as possible. Here’s how we’ll use the funding. First, it lets us complete SPARC, the one-of-a-kind fusion machine we’re building right now at our headquarters in Devens, Massachusetts to demonstrate net fusion energy. Second, this investment lets us accelerate work on our next machine, the ARC fusion power plant we plan to build in Chesterfield County, Virginia — the first of many. With this funding round, we broadened our range of investors. Those supporting our fusion energy mission include not just earlier-stage investors like venture capitalists and ultrahigh-net-worth individuals, but also sovereign wealth funds, pension funds, private equity firms, global industrial companies, utilities, and banks. New investors in CFS include Brevan Howard, Counterpoint Global of @MorganStanley; Stanley Druckenmiller; FFA Private Bank in Dubai; Galaxy Digital’s Galaxy Interactive; @gigascale; @HOFCapital; @NevaSGR; @nvidia's NVentures venture capital arm; Planet First Partners; Woori Venture Partners US, and a consortium of 12 Japanese companies led by Mitsui & Co. and Mitsubishi Corp. They join earlier investors that also returned, like @Breakthrough; @EmCollective; @eni; @Ventures_Future; Gates Frontier; @Google; @Hostplus Superannuation Fund; @khoslaventures; @lowercarbon; @safarpartners; former Google CEO @ericschmidt; @StarlightVC_, and Tiger Global. What unites that diverse group: they see an enormous new industry forming as we harness the power source of the sun here on Earth. And CFS is leading that fusion energy charge. #PowerMoves #FusionEnergy

#MA3 is home to some incredible companies like @CFS_energy, which is a global leader in the race to unlock commercial fusion energy. As co-chair of the Fusion Energy Caucus, it was great to welcome colleagues to Devens to see the incredible work happening here!