Eni secures more than $1bn of fusion electricity from CFS
Eni signs a power purchase agreement worth more than $1bn with Commonwealth Fusion Systems for the 400 MW ARC plant in Virginia, extending a cooperation begun in 2018 and entering a commercial phase.
| Countries | Italie, États-Unis |
|---|---|
| Companies | Commonwealth Fusion Systems., Eni |
| Sector | Énergie Fusion, Tokamak |
| Theme | Investissements & Transactions, Contrats |
Eni has concluded a power purchase agreement worth more than $1bn with Commonwealth Fusion Systems (CFS), covering output from the first 400 MW ARC fusion plant in Chesterfield County, Virginia. Grid connection is envisaged in the early 2030s, with no detailed timetable disclosed. The agreement is presented as the second power offtake signed in three months for this first grid-connected plant. Specific terms, including prices and durations, were not disclosed.
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