Commonwealth Fusion Systems (CFS) has outlined plans to build the world’s first grid-scale commercial fusion power plant, ARC, at the James River Industrial Park in Chesterfield County in the US state of Virginia.
The site is owned by Dominion Energy Virginia.
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CFS conducted a global search before choosing the location for its first commercial fusion power plant.
CFS has entered a non-financial collaboration with Dominion Energy Virginia, which includes development, technical expertise and leasing rights for the proposed site.
Dominion Energy Virginia president Edward H Baine said: “Commonwealth Fusion Systems is the clear industry leader in advancing the exciting energy potential of fusion.
“Our customers [have a] growing need for reliable, carbon-free power […] from as diverse a menu of generation options as possible, and in that spirit, we are delighted to assist CFS in their efforts.”
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By GlobalDataThe company will independently finance, build, own and operate the ARC facility, which supports Virginia’s economic development and clean energy goals.
Commonwealth Fusion Systems CEO and co-founder Bob Mumgaard stated: “This is a historic moment. In the early 2030s, all eyes will be on the Richmond region and more specifically Chesterfield County, Virginia, as the birthplace of commercial fusion energy.
“Virginia emerged as a strong partner as they look to implement innovative solutions for both reliable electricity and clean forms of power. We are pleased to collaborate with Dominion Energy.”
The ARC fusion power plant will generate billions of dollars in economic development and create hundreds of jobs during its construction and long-term operation.
The plant will generate 400MW of electricity, enough to power large industrial sites or 150,000 homes.
CFS is also completing the development of its fusion demonstration machine, SPARC, at its headquarters in Devens, Massachusetts.
SPARC will produce its first plasma in 2026 and achieve net fusion energy, showcasing a commercially relevant design that will produce more power than it consumes.
SPARC serves as a precursor to ARC, which is expected to deliver power to the grid in the early 2030s.
