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Commonwealth Fusion Systems Raises $863M - Washington Business Journal

Commonwealth Fusion Systems secured $863 million in Series B2 funding to complete SPARC and develop ARC, advancing toward commercial fusion energy with nearly $3 billion raised to date.

  • On August 28, 2025, Commonwealth Fusion Systems secured $863 million in a Series B2 funding round in Devens, Massachusetts.
  • This funding follows CFS's 2021 $1.8 billion Series B round and reflects growing investor confidence in commercial fusion power development.
  • CFS will use the capital to complete the SPARC fusion demonstration plant and advance the ARC commercial power plant project in Virginia.
  • CEO Bob Mumgaard said the funding recognizes CFS’s leadership in delivering clean, nearly limitless energy and enables investors to join a new global industry.
  • While SPARC aims to achieve scientific breakeven by 2027, CFS will need billions more to build ARC, which targets grid-scale fusion power by the early 2030s.
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NBC Boston broke the news in Boston, United States on Wednesday, August 27, 2025.
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