Eni signs a power purchase agreement worth more than $1B for electricity from ARC

Commonwealth Fusion Systems/ARC

Eni, a Commonwealth Fusion Systems investor since 2018, signed a power purchase agreement worth more than $1B for electricity from the planned 400 MW ARC plant in Virginia. It made Eni ARC's second announced customer after Google.

• Power purchase agreement valued at over $1 billion.
• Eni has been CFS shareholder since 2018.
• ARC expected to connect to grid in early 2030s.
• Eni second customer after Google; partnership positions fusion as industrial opportunity.