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Commonwealth Fusion Systems

HTS magnets, SPARC tokamak, ARC power plant

USprivateest. 2018cfs.energy (opens cfs.energy)Checked 25 Sep

The brief

Analyst view
  • Proved a record 20 tesla HTS fusion magnet in 2021, the key to a much smaller tokamak.
  • Installing SPARC's 18 main magnets in 2026; first plasma targeted for 2027.
  • Raised about $3B; Google and Eni have agreed to buy power from its planned ARC plant.

Technical approach

As reported
Magnets

Superconducting tape magnets

Coils wound from REBCO tape stay superconducting at ~20 K in very strong fields. Fusion power rises steeply with field, so the machine can be far smaller.

Winding

No-insulation coils

The test coil had no insulation between turns, so current can reroute around a hot spot. That makes the magnet more robust.

Physics basis

Proven physics, new engineering

SPARC stays within well-tested tokamak physics, so the bet is on building the magnets, not on new science.

Power plant

ARC: a molten-salt blanket

In ARC, molten salt (FLiBe) around the plasma soaks up neutrons, makes tritium fuel and carries heat to a turbine.

Programs

Commonwealth Fusion Systems, two programs

Updated 30 Jul 2026
Research · Proto · Pilot · Deploy · Scaling

Research & demos

4 items

Open technical problems

Open · Active · Partial
  • Materials under neutron bombardmentActive research

    Fast fusion neutrons damage walls and magnet tape. Nobody has yet tested how they hold up over a power plant's life.

  • Making its own tritium fuelOpen

    ARC must breed more tritium than it burns and recover it. That full fuel cycle has never been shown at this scale.

  • Sudden plasma crashesActive research

    If the plasma suddenly collapses, it hits a small machine with huge forces and heat. SPARC must predict and soften these.

Upcoming catalysts

Company-wide
  • 2027SPARC first plasmaSPARCby ~15 mo
  • 2027First attempt at Q>1 in D-T plasmaSPARCby ~15 mo

Peers

Fusion · 3

Company & funding

3 rounds · as reported
Raised
$2.8Bdisclosed private rounds
Last round
Series B2Aug 2025
HQ
US
Founded
2018
DateRoundAmountPost-moneyLead
Aug 2025Series B2$863M——
Dec 2021Series B$1.8B—Tiger Global Management
Jun 2019Series A2$115M——

Partners & customers

3 partners · 2 customers · 1 investor

People

Key people
Primer