Commonwealth Fusion Systems, the buzziest and most well-funded company in the increasingly buzzy and well-funded fusion sector, announced today that it will build a commercial fusion power plant in Chesterfield County, Virginia — a first for both the company and the world. CFS will independently finance, build, own, and operate the 400-megawatt plant, which will produce enough energy to power about 150,000 homes sometime “in the early 2030s.”
All this will happen in collaboration with Dominion Energy Virginia, which serves electricity to more than 2.7 million homes and businesses. While Dominion isn’t contributing monetarily, it is providing CFS with the leasing rights for the proposed site, which it owns, as well as development and technical expertise. The plant itself will cost billions to develop and build.
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