Google Is Betting on a Fusion Future in Power Deal With Commonwealth
Google will also invest again in Commonwealth, which expects its first commercial plant will generate power in the early 2030s
Commonwealth Fusion Systems has raised more than $2 billion, far more than any of its rivals.
Source: Commonwealth Fusion SystemsAlphabet Inc.’s Google has agreed to purchase 200 megawatts of power from Commonwealth Fusion Systems’ planned first commercial plant, which is expected to begin delivering electricity to the grid in the early 2030s.
Google is also making a second investment in Commonwealth, a leading contender in the effort to commercialize fusion power, according to a statement Monday. Google participated in a 2021 funding round led by Tiger Global Management that put $1.8 billion into the company. The companies declined to disclose the size of either investment.