Commonwealth Fusion Stock

Fusion energy technology from MIT

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Founded

2017

Notable Investors

Google

Headquarters

Cambridge MA, US

Total Funding

$2.0B

About Commonwealth Fusion Stock

Commonwealth Fusion is a research company that develops energy through an inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy. They combine proven physics backed by decades of government-funded fusion research with a revolutionary superconducting magnet technology to accelerate the path to commercial fusion energy Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to the market. CFS was spun out of MIT and is collaborating with MIT’s Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. The business designs and builds fusion machines that deliver limitless and clean fusion energy and integrate proven physics with magnet technology, allowing clients to contribute to the expansion of renewable energy while mitigating the effects of climate change.

Investors

Funding History

June 2019$115M
May 2020$84.0M
December 2021$1.8B

Management

Chief Executive Officer and Co-Founder

Robert Mumgaard

Co-founder

Martin Greenwald

Co-Founder and Chief Technology Officer

Dan Brunner

Head Of Engineering

Patrick Schweiger

Head of Manufacturing

Joy Dunn

Chief Scientific Officer

Brandon Sorbom

Finance

Carolina Zimmerman

Head of Special Projects

Rachael Terry

Technical Lead - SPARC Central Solenoid & Poloidal Field Coils

Chris Craighill

Instrumentation Engineer

ZACH FREDIN

Head of Human Resources

Amy Higgins

Press

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