Commonwealth Fusion Systems (CFS), a fusion energy startup spun out of MIT, has announced that it will build the world’s first grid-scale commercial fusion power plant at the James River Industrial Park in Chesterfield County, Virginia.
The plant, known as ARC, is expected to be operational in the early 2030s, potentially revolutionizing the energy landscape.
“This is a historic moment. In the early 2030s, all eyes will be on the Richmond region and more specifically Chesterfield County, Virginia, as the birthplace of commercial fusion energy,” said Bob Mumgaard, CEO and co-founder of CFS.
“CFS conducted a global search for the site of its first commercial fusion power plant, known as ARC, which the company will independently finance, build, own, and operate,” said the company in a press release.
It is expected to generate about 400 megawatts of electricity, which will be enough to power around 150,000 homes.
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