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flag Eni will buy $1B+ in fusion power from CFS’s Virginia plant, a major step toward commercial fusion energy.

flag Eni has signed a $1 billion+ power purchase agreement with U.S. fusion startup Commonwealth Fusion Systems to buy decarbonized electricity from its 400 MW ARC fusion plant in Virginia, expected to connect to the grid in the early 2030s. flag The deal marks a major step toward commercial fusion energy, following a similar agreement with Google and reflecting growing global confidence in the technology. flag CFS, spun out of MIT, has received strategic support and investment from Eni since 2018, including a recent $863 million funding round. flag The partnership aims to advance fusion as a clean, safe, and nearly limitless energy source, with progress driven by breakthroughs in high-temperature superconducting magnets and the SPARC demonstration project. flag While fusion remains unproven at scale, the agreement signals increasing interest from major energy players as demand rises due to AI and data center growth.

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