Overview
- Eni agreed to buy more than $1 billion of electricity from CFS’s ARC project in Chesterfield County, Virginia, with power to be delivered to the state grid.
- ARC is planned as a 400‑megawatt commercial fusion plant targeted to begin supplying the grid in the early 2030s, though final costs and completion dates are not yet set.
- Google previously signed a power purchase agreement for 200 MW from ARC, giving CFS a second major customer for its first plant.
- CFS’s demonstration reactor, SPARC, is reported over 65% complete in Devens, Massachusetts, with first plasma targeted for late 2026 to show net energy gain.
- CFS has raised nearly $3 billion to date, including an $863 million round this summer, while experts note no commercial project has yet achieved continuous, net‑positive fusion power.