Commonwealth Fusion Systems (CFS), an MIT spinoff focused on commercializing fusion energy, announced this morning it has raised $84 million in the second tranche of a Series A … History. If they're right, that would also make ARC cheaper to build than existing fission-based nuclear power plants, which can cost $23 billion and up. Commonwealth Fuel Systems has a system powered by high-temperature superconducting (HTS) magnets that are key to a push to get a commercial fusion energy system … Commonwealth Fusion Systems LLC: Street Address 1 Street Address 2; 501 MASSACHUSETTS AVENUE: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; CAMBRIDGE: … Saudi Aramco is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. MIT and CFS are planning for their prototype ARC reactor to put out about 270 megawatts -- about one-quarter the output of a standard fission reaction nuclear power plant, and enough to power 100,000 homes. Investors must be able to afford the loss of their entire investment. Many in the fusion community are pessimistic about the future of tokamaks. CAMBRIDGE, Mass., June 27, 2019 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it … See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform. Well, not quite. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Company profile page for General Fusion Inc including stock price, company news, press releases, executives, board members, and contact information Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use.EquityZen and logo are trademarks of EquityZen Inc. Other trademarks are property of their respective owners.© 2020 EquityZen Inc. All rights reserved. CAMBRIDGE, Mass., June 27, 2019 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $115 million and closed … Creating safe, unlimited, carbon-free fusion power for the grid in 10-15 years. Industry. Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to market. Background. CAMBRIDGE, Mass., May 26, 2020 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $84 million in A2 … Every nuclear power plant in the world today runs on fission reactions, triggered by firing high-energy neutrons at a large atom, such as uranium. Commonwealth Fusion Systems or CFS appears on a list of companies Gates’ hedge fund Breakthrough Energy Ventures or BEV is investing in. Fusion is harder. View Commonwealth Fusion Systems stock / share price, financials, funding rounds, investors and more at Craft. MIT and CFS intend to use "yttrium barium copper oxide (YBCO) high-temperature superconducting magnet technology" to form a magnetic field to contain a reaction in which deuterium and tritium (both isotopes of hydrogen) will be forced to fuse together under high pressure and temperatures of "tens of millions of degrees." Job openings at Commonwealth Fusion Systems. In 2014, Lockheed Martin (NYSE:LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online "in as little as ten years." Now, what are the chances MIT and CFS will succeed in their project? Commonwealth Fusion Systems closed on its latest $84 million in new funding two weeks ago. Isnt that what nuclear reactors are all about? Commonwealth Fusion is an MIT spinoff research company that focuses on bringing fusion energy technology to market. CAMBRIDGE, Mass., May 26, 2020 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $84 million in … Five years later, Lockheed confirmed that it is still working on the project -- but had made very little progress in nuclear fusion energy. MIT Plasma Science and Fusion Center. Company profile page for General Fusion Inc including stock price, company news, press releases, executives, board members, and contact information Commonwealth Fusion Systems is backed by the Italian oil company Eni and the celebrity billionaires of Breakthrough Energy Ventures. Image source: Commonwealth Fusion Systems. Carnot maintains an isothermal compression process that functions as an optimized air and gas compression method. EquityZen does not have an affiliation with, formal relationship with, or endorsement from Commonwealth Fusion or any companies feature above. EquityZen is a marketplace for shares of proven pre IPO tech companies. EquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/SIPC member firm. CFS was spun out of MIT and is collaborating with MIT's Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. … Background. But if it works as promised, the reactor should produce about 10x more energy than is required to ignite and maintain the fusion reaction within it, paving the way, says CFS, for "carbon-free, safe, limitless, fusion power.". Well, if funding is any indication of the chances of success (it might not be, but I'd argue it's at least a gauge of investors' confidence), MIT and its partner are off to a good start. Similar in concept to the International Thermonuclear Experimental Reactor (ITER) currently under construction in Southern France (with an expected operational date of 2035), MIT and CFS say their reactor will cost only a fraction of ITER's expected $22 billion price tag. July 2, 2019 — by Steven B. Krivit —. Check the background of this firm on FINRA’s BrokerCheck. At that point, MIT and CFS will begin constructing a full-scale "ARC" -- which stands for "affordable, robust, compact" -- power plant, possibly as early as 2025. Company profile page for Commonwealth Fusion Systems LLC including stock price, company news, press releases, executives, board members, and contact information Commonwealth Fusion Systems (CFS) was spun out of MIT's Plasma Science and Fusion Center to leverage the decades of fusion research combined with the innovation and speed of the private sector. As one of the leaders in this new field of energy research, Commonwealth Fusion Systems is an IPO prospect I'd want to keep on the lookout for. Market data powered by FactSet and Web Financial Group. CAMBRIDGE, Mass., May 26, 2020 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $84 million in A2 … Commonwealth Fusion Systems LLC: Street Address 1 Street Address 2; 501 MASSACHUSETTS AVENUE: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; CAMBRIDGE: MASSACHUSETTS: 02139: 308-646-0681 Nor will it need so much fuel. CFS has assembled a world-class team working to design and build fusion machines that will provide limitless, clean, fusion energy to combat climate change. That being said, $250 million is far less than the $106 billion market capitalization backing Lockheed Martin's efforts. The U.S. was still very much in the lockdown phase and getting a deal done, especially a … Creating safe, unlimited, carbon-free fusion … This is the Commonwealth Fusion Systems company profile. Given how little progress LockMart seems to have made over the past six years, I'd caution investors not to take even MIT's success for granted. July 2, 2019 — by Steven B. Krivit — In a June 27, 2019, press release, Commonwealth Fusion Systems, a private spin-off from MIT, said it had raised another $50 million from investors, bringing its total fusion reactor funding to $115 million. They expect to add fusion power to the grid in 15 years … Industry. Commonwealth Fusion Systems Founders & Leadership. Brookfield Asset Management is a Canadian asset management firm focused on property, renewable energy, infrastructure, and private equity. On the opposite side of the country from the fabled Skunk Works, which is working on LockMart's version of the reactor, scientists at the Massachusetts Institute of Technology Plasma Science and Fusion Center are working on a compact fusion reactor of their own, reports The New York Times. Commonwealth Fusion Systems General Information Description. Its services include research in fusion science to confine fusion-grade plasmas with strong magnetic fields, enabling clients to deploy fusion … Energy, Advanced Materials. Returns as of 12/24/2020. The splitting of the large atom releases lots of energy, which can be used to heat water and run steam turbines to produce electricity. Commonwealth Fusion Systems is backed by the Italian oil company Eni and the celebrity billionaires of Breakthrough Energy Ventures. About Commonwealth Fusion Stock. Company profile page for Commonwealth Fusion Systems LLC including stock price, company news, press releases, executives, board members, and contact information Commonwealth Fusion Systems (CFS), a startup commercializing fusion … CFS was spun out of MIT and is collaborating with MIT's Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. Commonwealth has also received some money from … Moreover, operating costs after construction should be significantly less, as a fusion reactor will not need expensive uranium to fuel it, instead using hydrogen as its fuel source. The latter interacts with the container and other surrounding equipment (magnets, heating systems, diagnostics, vessels, etc.) Commonwealth Fusion Systems MIT’s C-Mod reactor with CFS’s proposed SPARC and ARC reactors. History. That being said, the amount of private money being thrown at this endeavor is intriguing. In a June 27, 2019, press release, Commonwealth Fusion Systems, a private spin-off from MIT, said it had raised another $50 million from investors, bringing its total fusion reactor funding to $115 million… Commonwealth Fusion Systems rakes in $115 mln Series A. Cambridge, Massachusetts-based Commonwealth Fusion Systems, a fusion energy startup, has raised $115 million in Series A funding. Commonwealth Fusion Systems (CFS), a startup commercializing fusion energy, today announced it has raised $84 million in A2 funding, bringing the company's total funding to more than $200 million. … According to data collected by S&P Global Market Intelligence, in just three years, Commonwealth Fusion Systems has already attracted nearly $250 million in private financing from investors, including both private equity firms and also Italian energy giant Eni S.p.A. (NYSE:E). Glassdoor gives you an inside look at what it's like to work at Commonwealth Fusion Systems, including salaries, reviews, office photos, and more. Head of Plant Instrumentation and Control Engineering EquityZen helps investors to access private companies and their employees to sell shares. CFS might still fail in its endeavor. The company works on a nuclear-fusion reactor that uses high-temperature conductors. It involves bringing together two … Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to market. At the United Nations Conference on Climate Change being held in Paris at the moment, nuclear fusion is being talked about as the Holy Grail of clean energy technology. Energy, Advanced Materials. Stock Advisor launched in February of 2002. EquityZen.com is a website operated by EquityZen Inc. ("EquityZen"). Commonwealth Fusion Systems is an American company aiming to build a compact fusion power plant based on the ARC tokamak concept. The company is based in Cambridge, Massachusetts. CAMBRIDGE, Mass., Sept. 29, 2020 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), a company commercializing fusion energy, today announced a groundbreaking series of seven papers published … ... Commonwealth Fusion Systems … CFS is using these high temperature superconductors to build smaller and lower-cost tokamak fusion systems. It is incorrect to say that fusion produces no radioactive waste. This profile is based on publicly available information and is intended to be informative in nature. Cumulative Growth of a $10,000 Investment in Stock Advisor, America's First Nuclear Fusion Reactor Could Go Online in 2025 @themotleyfool #stocks $LMT $E, carbon-free, safe, limitless, fusion power, Lockheed Martin Boosts Its Space Business With $4.4 Billion Aerojet Rocketdyne Buy, Forget Black Friday Deals, These Dividend Stocks Are on Sale, Trump Administration Clears First-Ever Sale of Armed Drones and F-35 Fighters to the UAE, Lockheed Martin CEO: Here's How We'll Beat SpaceX, Copyright, Trademark and Patent Information. Indeed, CFS claims that "one glass of water will provide enough fusion fuel for one person's lifetime" -- without the radioactive waste of a traditional nuclear reactor. The company is based in Cambridge, Massachusetts. MIT Plasma Science and Fusion Center. Commonwealth Fusion Systems was founded by former MIT students and researchers that want to commercialize hot fusion. Gates is putting money into a Massachusetts Institute of Technology fusion spinoff called Commonwealth Fusion Systems, which hopes to have an energy-positive reactor by 2025. Commonwealth Fusion Systems Founders & Leadership. Commonwealth Fusion Systems has raised $199 m in total funding. MIT began operating its first experimental nuclear fusion reactor in 1972, funded by and under the auspices of the Department of Energy. Anyone semi-credible is talking about deuterium-tritium fusion which produces an alpha particle and a 14 MeV neutron (D +T = n + He). It’s a startup building on decades of research and development that plans to harness the power of the sun to create a cleaner, … CFS will build first-of-its-kind high temperature superconducting magnets, followed by the world’s first net energy-producing fusion machine, called SPARC. Equity securities are offered through EquityZen Securities. The nuclear reactors we use today to produce energy use fission, not fusion. Commonwealth Fusion Systems is a developer of advanced fusion technology. The U.S. was still very much in the lockdown phase and getting a … Zach Hartwig, Brandon Sorbom, Martin Greenwald, Dennis Whyte, Bob Mumgaard, Dan Brunner. Operator of an energy research company intended to combine proven physics with magnet technology to accelerate the path to commercial fusion energy. Zach Hartwig, Brandon Sorbom, Martin Greenwald, Dennis Whyte, Bob Mumgaard, Dan Brunner. Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to market. Redwood Materials is an advanced technology and process development for materials recycling, re-manufacturing, and reuse. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Commonwealth Fusion Systems closed on its latest $84 million in new funding two weeks ago. 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