Commonwealth Fusion Systems logo — Designing and building commercial fusion systems to provide...

Commonwealth Fusion Systems

Designing and building commercial fusion systems to provide limitless, clean energy to the world

Founded 2018 United States Devens, United States 1079 employees Series B Total: $2.88B ESG, Energy +2

General Information

Company Name Commonwealth Fusion Systems
Founded Year 2018
Location United States Devens, United States
Employees 1079
Industries ESG, Energy, Renewable Energy +1
Funding Stage Series B
Social

BounceWatch is an independent company data service, not affiliated with Commonwealth Fusion Systems. To contact Commonwealth Fusion Systems, visit cfs.energy.

Is this your company?

Confirm with your work e-mail, get the Verified badge and keep this profile correct yourself. Search engines and AI assistants read it every day.

Get Verified

How does Commonwealth Fusion Systems compare?

A PDF of Commonwealth Fusion Systems and up to 10 competitors you pick: team, funding, traffic and every dated move of the last 90 days. Each company is re-checked on the day you order, so it is current.

See a sample report

This takes a few seconds: we look beyond our own index too.

Meeting Commonwealth Fusion Systems soon?

A one-page PDF brief: what it does, key facts, the last 90 days of dated moves and questions worth asking. Re-checked on the day you order. See a sample

About Commonwealth Fusion Systems

Commonwealth Fusion Systems is a startup dedicated to designing and building commercial fusion systems with the goal of providing limitless, clean energy to the world. Collaborating with MIT, the company leverages decades of research combined with new groundbreaking high-temperature superconducting (HTS) magnet technology to offer the fastest, lowest-cost path to commercial fusion energy. The company's current focus is on constructing SPARC, the world's first commercially relevant, net energy fusion demonstration device, which is a stepping stone towards the creation of ARC, the first fusion power plant. This innovative approach, utilizing HTS magnets, enables the construction of compact fusion power plants at a faster pace and at a lower cost. Since its establishment in 2017, Commonwealth Fusion Systems has garnered notable attention and significant backing, including the latest $15.00M Grant investment from the US Department of Energy in June 06, 2024. The company operates in the ESG, Energy, Renewable Energy, and Clean Energy industries, with its headquarters based in the United States. Commonwealth Fusion Systems has a compelling vision to deploy fusion power plants as a solution to meet global decarbonization goals swiftly. The company's exceptional team, comprised of leaders in tough tech, fusion science, and manufacturing, has a track record of rapid execution. With the support of leading investors, Commonwealth Fusion Systems is uniquely positioned to deliver limitless, clean fusion power to combat climate change. For individuals interested in being part of this groundbreaking initiative, more information about career opportunities can be found at cfs.energy/careers.

Business keywords: fusion energy, clean energy, high-temperature superconducting magnets, MIT collaboration, energy technology, decarbonization, climate change mitigation, tough tech, energy research, commercial fusion systems, global energy, private sector innovation, renewable energy integration, clean power

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Series B 863.00M 27
Future Ventures, Galaxy Interactive +25
29 Aug 2025
Grant $15.00M 1
US Department of Energy
06 Jun 2024
Grant Undisclosed 1
US Department of Energy
31 May 2023
Series B $1.80B 9
The Engine, Schooner Capital +7
01 Dec 2021
Series A $84.00M 10
Future Ventures, Khosla Ventures +8
26 May 2020
Series A $115.00M 10
Future Ventures, Khosla Ventures +8
27 Jun 2019
Seed Round Undisclosed 1
Beni VC
17 Jun 2019

Commonwealth Fusion Systems Alternatives & Competitors

View All Alternatives
Commonwealth Fusion Systems vs

Post-IPO Equity
3 employees
Energy, Renewable Energy
Commonwealth Fusion Systems vs
C-Zero
C-Zero United States

Decarbonizing Natural Gas

Venture round
26 employees
Energy, Industrial
Commonwealth Fusion Systems vs
Type One Energy
Type One Energy United States

Commercializing the stellarator fusion power system with advances in HTS magnets and additive manufa...

Grant
127 employees
Energy, Clean Energy

FAQ About Commonwealth Fusion Systems

Designing and building commercial fusion systems to provide limitless, clean energy to the world
Commonwealth Fusion Systems was founded in 2018.
Commonwealth Fusion Systems is headquartered in Devens, United States.
Commonwealth Fusion Systems operates in ESG, Energy, Renewable Energy and Clean Energy. Its work centres on fusion energy, clean energy, high-temperature superconducting magnets and MIT collaboration.
Commonwealth Fusion Systems has approximately 1079 employees.
Commonwealth Fusion Systems has completed 7 funding rounds, raising a total of $2.88B. The latest funding stage is Series B.
Top alternatives and competitors to Commonwealth Fusion Systems include EnviroMission Limited, C-Zero, Type One Energy, PK Energia, VEIR. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Commonwealth Fusion Systems and EnviroMission Limited are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Commonwealth Fusion Systems, https://bouncewatch.com/company/commonwealth-fusion-systems, updated 29 April 2026. When citing, please name BounceWatch and link this page.

Analytics cookies (ours + Google). Cookie Policy

Book a demo 30 minutes