US EditionEni and Commonwealth Fusion Systems Sign $1 Billion+ Power Purchase Agreement, Expanding Strategic Partnership to Commercialize Fusion Energy
Commonwealth Fusion Systems' ARC fusion power plant will generate 400 MW of carbon-free electricity, with a $1 billion power purchase agreement supporting fusion commercialization efforts.
- On September 22, 2025, Commonwealth Fusion Systems and Italian energy firm Eni expanded their strategic partnership by signing a power purchase agreement for fusion energy from CFS's 400 MW ARC plant in Chesterfield County, Virginia, with a contract value exceeding $1 billion.
- This agreement follows a longstanding partnership that began with Eni's investment in CFS in 2018 and a 2023 collaboration framework to accelerate fusion energy development.
- CFS is building its first grid-scale ARC fusion power plant with a design based on tokamak technology and expects it will connect to the grid in the early 2030s.
- Bob Mumgaard, CFS CEO, called Eni's commitment a "big vote of confidence," while Eni's director Lorenzo Fiorillo noted the agreement provides certainty on power delivery and pricing.
- This deal solidifies the commercial potential of fusion energy and energizes financing efforts for CFS’s ARC plant, marking a key move toward clean, near-limitless power.
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Eni and Commonwealth Fusion Systems sign a power purchase agreement worth over $1 billion, expanding their strategic partnership to commercialize fusion energy.
The CFS company has announced the conclusion of a contract with Italian energy company, for the supply of electrons in the 2030s, produced by a nuclear fusion plant, a technology that has never produced energy.
Eni Seals Billion-Dollar Fusion Energy Deal with U.S. Partner
U.S. Commonwealth Fusion Systems (CFS), which is developing fusion energy, has signed a more than $1-billion power purchase agreement with Italy’s energy major Eni as the two companies continue to partner to bring fusion power to commercial use. Nuclear fusion has long been considered the answer to zero-emission by-product-free energy generation. However, no one has cracked the nuclear fusion code yet because of the challenges associated with t…
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Eni and Commonwealth Fusion Systems sign $1 billion+ power purchase agreement, expanding strategic partnership to commercialize fusion energy
Eni, as a CFS strategic investor, signs offtake agreement worth more than $1 billion for clean fusion power from CFS' first ARC power plant in Chesterfield...
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