‘World's first' grid-scale nuclear fusion power plant announced in Virginia [CNN]
Dominion Energy, Inc. (D)
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Source: CNN
futuristic clean power and generate electricity from it by the early 2030s, according to an announcement Tuesday by the startup Commonwealth Fusion Systems. CFS, one of the largest and most-hyped nuclear fusion companies, will make a multibillion-dollar investment into building the facility near Richmond. When operational, the plant will be able to plug into the grid and produce 400 megawatts, enough to power around 150,000 homes, said its CEO Bob Mumgaard. “This will mark the first time fusion power will be made available in the world at grid scale,” Mumgaard said. Virginia Gov. Glenn Youngkin welcomed the announcement, calling it “an historic moment for Virginia and the world at large.” The plant would represent a new stage in the quest to commercialize nuclear fusion, the process which powers the stars. But the path toward it is unlikely to be smooth, not least because the technology has not yet been proved viable. The world is desperate for a clean, abundant source of ener
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