Commonwealth Fusion Systems boosted by investors including Bill Gates’ fund
Commonwealth Fusion Systems has secured nearly $2bn in funding from investors that include Tiger Global Management and Bill Gates, as the US nuclear energy group looks to develop the promising but extremely complex technology.
Tiger led the $1.8bn Series B funding round backed by about 30 investors. It marked the largest private investment to date in nuclear fusion, which CFS wants to commercialise and bring to the grid by the early 2030s.
The $1.8bn raised by CFS equals the total level of declared private funding in nuclear fusion to date by 18 of the roughly 35 fusion companies around the world, according to the first study of the sector published last month by the UK Atomic Energy Authority and the newly formed Fusion Industry Association.
Read more/Source: Financial Times
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