{"id":818105,"date":"2025-01-08T03:11:39","date_gmt":"2025-01-08T09:11:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/08\/virginia-to-get-worlds-first-commercial-fusion-power-plant\/"},"modified":"2025-01-08T03:11:39","modified_gmt":"2025-01-08T09:11:39","slug":"virginia-to-get-worlds-first-commercial-fusion-power-plant","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/08\/virginia-to-get-worlds-first-commercial-fusion-power-plant\/","title":{"rendered":"Virginia to get world\u2019s first commercial fusion power plant"},"content":{"rendered":"
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An article from<\/span>
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Commonwealth Fusion Systems announced it will build the multibillion-dollar project in Chesterfield County.<\/p>\n<\/p><\/div>\n

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\n Published Jan. 6, 2025
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\n \"Zachary
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\"A<\/p>\n

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\n A rendering of Commonwealth Fusion Systems’ future fusion power plant at the James River Industrial Park in Chesterfield County, Virginia.
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\n Courtesy of Commonwealth Fusion Systems
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\n This audio is auto-generated. Please let us know if you have feedback<\/a>.\n <\/p>\n<\/p><\/div>\n

The <\/span><\/span><\/span><\/span><\/span><\/span>world\u2019s first grid-scale commercial fusion power plant<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a> will be built at the James River Industrial Park in Chesterfield County, Virginia.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

That\u2019s according to a Dec. 17 announcement from Commonwealth Fusion Systems, one of the largest private fusion companies in the country.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The multibillion-dollar\u00a0project is still nascent, however. A CFS spokesperson told Construction Dive that the firm has only just announced plans, and therefore has not selected any contractors nor determined a project timeline or size.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

As part of the effort to build the plant, Devens, Massachusetts-based CFS reached an agreement with Dominion Energy Virginia \u2014 the current owner of the proposed site \u2014 to provide non-financial collaboration, to include development and technical expertise as well as leasing rights.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

CFS conducted a global search for the site of its first commercial fusion power plant, known as ARC, per the release. The company will independently finance, build, own and operate the project.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The project has received a <\/span><\/span><\/span><\/span><\/span><\/span>$1 million grant by the Virginia<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a> Clean Energy Innovation Bank, which Chesterfield County matched, per an announcement from Virginia Gov. Glenn Youngkin\u2019s office.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

CFS was spun out of Massachusetts Institute of Technology in 2018. Since then, it has raised more than $2 billion in capital and has received $16.5 million in Department of Energy grants. The most recent grant of $15 million was announced in June 2024 as part of the first phase of the DOE\u2019s Milestone-Based Fusion Development Program.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The new facility is expected to create hundreds of jobs during construction and long-term operation, CFS\u2019 announcement said. When finished, ARC will generate about 400 megawatts of electricity, enough to power about 150,000 homes.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

Read More<\/a>
\n Zachary Phillips<\/p>\n","protected":false},"excerpt":{"rendered":"

An article from Commonwealth Fusion Systems announced it will build the multibillion-dollar project in Chesterfield County. Published Jan. 6, 2025 A rendering of Commonwealth Fusion Systems’ future fusion power plant at the James River Industrial Park in Chesterfield County, Virginia. Courtesy of Commonwealth Fusion Systems This audio is auto-generated. Please let us know if you<\/p>\n","protected":false},"author":1,"featured_media":818106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4825,1329],"tags":[],"class_list":["post-818105","post","type-post","status-publish","format-standard","has-post-thumbnail","category-virginia","category-worlds"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=818105"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/818106"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=818105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=818105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=818105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}