Overview

• Eni agreed to purchase more than $1 billion of electricity from CFS’s planned 400‑megawatt ARC fusion project in Chesterfield County, Virginia, which is targeted to begin supplying power in the early 2030s.
• The companies did not disclose the volume or pricing specifics of Eni’s offtake, which follows Google’s June agreement to buy 200 megawatts from the same plant.
• CFS says long‑term power purchase agreements provide price and offtake certainty intended to help secure multi‑billion‑dollar construction financing for ARC.
• CFS’s Sparc demonstration reactor in Devens, Massachusetts is about 65% complete, with turn‑on planned for late 2026 to validate the company’s high‑temperature superconducting magnet approach.
• Eni expects ARC’s electricity to be delivered to the Virginia grid for resale, while continuous engineering break‑even and the final cost and schedule for ARC remain unresolved.