Commonwealth Fusion Stock
Fusion energy technology from MIT
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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
Tiger Global Management
Flipkart, Delhivery, BharatPe, Databricks, Ather Energy, Grab, Chime, Ola, Relativity Space, Quikr
Magic Leap, Nuro, Commonwealth Fusion, TAE Technologies, Tempus, Niantic, Symphony Communication Services, Ionic Security, Trifacta, Barefoot Networks
Khosla Ventures
Instacart, Stripe, DoorDash, Impossible Foods, Palantir Technologies, Commonwealth Fusion, View, Zenefits, Eat Just, Opendoor
DFJ Growth
Commonwealth Fusion, Avant, Hopin, DataRobot, Unity Technologies, Cohesity, Collective Health, Sysdig, Mapbox, Alchemy
Funding History
June 2019 | $115M |
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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
axios - Apr, 6 2024
Fusion industry looks for its own CHIPS Actenergy-pedia - Feb, 23 2024
US: United States Special Presidential Envoy for Climate John Kerry joins Eni at Commonwealth Fusion Systemstvtechnology - Jan, 19 2024
Phil Kurz Looks Ahead to 2024 | TV Techasiatimes - Jan, 19 2024
Kerry's COP28 fusion address will change the worldnews - Dec, 19 2023
New study shows how universities are critical to emerging ...