Commonwealth Fusion Systems (CFS) and Google announced a new deal earlier this week: Google has signed a power purchase agreement (PPA) with CFS for 200MW of electricity from CFS’ inaugural ARC power plant. The fusion power plant is expected to put power on the grid in the early 2030s and is located in Chesterfield County, Virginia. Google will also have the option to offtake power from additional ARC power plants.
An investor of CFS since 2021, Google is also increasing its stake in the company which will provide funds to help CFS continue to develop ARC. CFS expects that its Chesterfield County ARC power plant will be the first grid-scale fusion power plant in the world.
“Fusion power is within our grasp thanks in part to forward-thinking partners like Google, a recognized technology pioneer across industries,” said Bob Mumgaard, CEO and Co-founder of CFS. “Our strategic deal with Google is the first of many as we move to demonstrate fusion energy from SPARC and then bring our first power plant online. We aim to demonstrate fusion’s ability to provide reliable, abundant, clean energy at the scale needed to unlock economic growth and improve modern living – and enable what will be the largest market transition in history.”
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