# Commonwealth Fusion Systems

**Source:** https://www.startuphub.ai/startups/commonwealth-fusion-systems
**Profile type:** Startup

> Developing compact, high-field fusion power plants to provide clean, limitless energy.

## About

Commonwealth Fusion Systems (CFS) is a spin-out from MIT's Plasma Science and Fusion Center, focused on commercializing fusion energy. They are developing compact, high-field fusion power plants using high-temperature superconducting (HTS) magnets to achieve net energy gain, aiming to deliver a new source of clean, safe, and limitless energy to the grid.

## Key facts

- **Slug:** commonwealth-fusion-systems
- **Website:** https://cfs.energy/
- **Location:** Devens, United States
- **Operating status:** Active
- **Total funding:** $2.0B
- **Sectors / tags:** Clean Energy, Nuclear Fusion, Energy Storage, Climate Tech, Advanced Manufacturing, Superconducting Magnets, Plasma Physics, Energy Technology
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/11076301
  - Twitter: http://twitter.com/cfs_energy

## Frequently asked

### What does Commonwealth Fusion Systems do?

Commonwealth Fusion Systems (CFS) is a spin-out from MIT's Plasma Science and Fusion Center, focused on commercializing fusion energy. They are developing compact, high-field fusion power plants using high-temperature superconducting (HTS) magnets to achieve net energy gain, aiming to deliver a new source of clean, safe, and limitless energy to the grid.

### What is Commonwealth Fusion Systems's revenue?

StartupHub estimates Commonwealth Fusion Systems's annual revenue at $228.0M (range $80.6M to $1.4B, 31% confidence), based on comparable companies in the sector.

### What is Commonwealth Fusion Systems's valuation?

StartupHub estimates Commonwealth Fusion Systems's effective valuation at $7.6B (range $4.9B to $11.9B, 19% confidence), based on comparable companies in the sector.

### How much funding has Commonwealth Fusion Systems raised?

Commonwealth Fusion Systems has raised a total of $2.0B in funding. The most recent round on record is Series B2.

### Where is Commonwealth Fusion Systems headquartered?

Commonwealth Fusion Systems is headquartered in Devens, United States.

### What industry does Commonwealth Fusion Systems operate in?

Commonwealth Fusion Systems operates in Clean Energy, Nuclear Fusion, Energy Storage, Climate Tech, Advanced Manufacturing, Superconducting Magnets.

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