Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
February 11, 2025

Commonwealth Fusion Systems and Type One Energy Sign Fusion Magnet Agreement

Newsfeed
Commonwealth Fusion Systems and Type One Energy Sign Fusion Magnet Agreement:

The licensing and manufacturing agreement allows Type One Energy to efficiently design proprietary stellarator fusion magnets by levering CFS’ leadership in the development and manufacturing of some of the strongest fusion magnets in the world.

DEVENS, Mass. and KNOXVILLE, Tenn., Feb. 11, 2025 /PRNewswire/ — Commonwealth Fusion Systems (CFS) and Type One Energy announced an agreement that gives Type One Energy an exclusive license to use CFS’ groundbreaking high-temperature superconducting (HTS) cable technology in the development of its own proprietary stellarator fusion magnets. The agreement also gives Type One Energy the benefit of the experience CFS has in manufacturing the world’s most powerful HTS fusion magnets.

The leading magnet technology from CFS has been proven to generate very high magnetic fields with HTS cable designs that can support Type One Energy’s development of magnets for its Infinity Two fusion power plant. Type One Energy’s agreement with CFS is part of a supply chain strategy to deliver Infinity Two in a highly capital efficient manner, with minimal commercialization risks, by establishing strong industry partnerships. These mutually beneficial relationships allow Type One Energy to access demonstrated background technologies and capabilities across the global energy sector.  The agreement between the two companies also expands the market for CFS’ magnet business by aligning with the leading stellarator fusion company in the market, Type One Energy.

“At CFS, we are confident in our approach using magnetic confinement in tokamaks, but we also want to support companies pursuing other promising magnetic confinement applications given the scale necessary to address the urgent transition to fusion energy and the transformative nature of high-field magnets,” said Bob Mumgaard, Chief Executive Officer and Co-founder of CFS. “As the leader in the design and manufacturing of HTS magnets that are operating in the world today, we are pleased to support the meaningful acceleration of Type One Energy’s efforts to provide commercial fusion.”

CFS is the only fusion company in the world able to manufacture at scale magnets that use its breakthrough superconducting cable technology. These magnets are built to carry strong electrical currents and to withstand powerful physical and electromagnetic forces within operating fusion machines. CFS has proven that these magnets will work under rigorous conditions, not only through peer-reviewed research but under real conditions in full-scale magnetic coils.

“Our agreement with CFS represents the best of cooperative relationships within the fusion industry,” said Christofer Mowry, CEO of Type One Energy. “We get unique access to leading manufacturing capabilities and the HTS cable background technology that our company would otherwise need to recreate, reducing risk, cost, and schedule in the development and delivery of our own stellarator fusion magnets.”

About Commonwealth Fusion Systems

Commonwealth Fusion Systems is the world’s leading and largest private fusion company. The company’s marquee fusion project, SPARC, will generate net energy, paving the way for limitless carbon-free energy. The company has raised more than $2 billion in capital since it was founded in 2018. For more information, visit cfs.energy.

About Type One Energy

Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. Established in 2019 and venture-backed in 2023, the company is led by a team of globally recognized fusion scientists with a strong track record of building state-of-the-art stellarator fusion machines, together with veteran business leaders experienced in scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy. Type One Energy is committed to community engagement in the development and deployment of its clean energy technology. For more information, visit www.typeoneenergy.com.

Media contacts:
For CFS: [email protected]
For Type One Energy: [email protected]

SOURCE Commonwealth Fusion Systems

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
February 11, 2025

StormFisher Hydrogen Secures US$50 million Commitment from Hy24 to Deliver Pipeline of Clean Fuel Production Projects in North America

NEXT ARTICLES
Home > Industry News
February 11, 2025

Vantage Data Centers and VoltaGrid Establish Partnership to Deploy More Than One Gigawatt of Power Generation

Comments are closed.
Related Post
December 13, 2024
Diamondback Energy, Halliburton, and VoltaGrid Sign Agreement
January 18, 2025
AEP Seeking Grants To Assist With Advanced
September 23, 2024
Pangaea Ventures celebrates final close of fifth
December 26, 2024
BAIYU Ventures into U.S. Automotive Parts and

Recent Posts

  • Prometheus Hyperscale, PureWest Energy and Frontier Infrastructure to Enable Zero-Carbon Power Solution for Flagship Wyoming Data Center
  • BKV and Copenhagen Infrastructure Partners Announce Strategic Carbon Capture Joint Venture With $500 Million Investment
  • Commonwealth LNG Signs 20-Year Sale and Purchase Agreement with Major Asian Buyer
  • Permian Resources Announces Strong First Quarter 2025 Results, Revised 2025 Guidance and Strategic Bolt-On Acquisition of Core Northern Delaware Basin Assets
  • Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in unleashing new energy supply

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.