By Greg Ryan – Senior Reporter, Boston Business Journal For decades, scientists have chased the limitless zero-carbon energy promised by fusion. Now, Devens-based Commonwealth Fusion Systems plans to build the world’s first grid-scale commercial fusion power plant in Virginia. The announcement on Tuesday marks a milestone not just for the MIT spinoff, but the global […]
By Lucia Maffei – Technology Reporter, Boston Business Journal Commonwealth Fusion Systems, or CFS, an MIT spinoff seeking to commercialize fusion energy, said on Wednesday it closed more than $1.8 billion in funding. The Series B round, possibly one of the largest single rounds of financing raised by a Bay State company this year, was […]
By Lucia Maffei Google and Massachusetts-Based CFS Advance Commercial Fusion Energy The promise of fusion energy—clean, limitless power—is gaining urgency as AI technologies demand massive computational energy. Commonwealth Fusion Systems (CFS), based in Devens, Massachusetts, announced Monday a deepened partnership with Google, which plans to purchase 200 megawatts of fusion power from the MIT spinoff. Google […]
By Eli Chavez Nuclear fusion has seen increased investment within the past five years due to its promise of an inexhaustible, clean energy source. One fusion startup that’s testing its technology in the greater Boston area has taken a step in the race toward the first commercially viable fusion reactor. Type One Energy, a fusion startup […]
By Eli Chavez Somerville-based SparkCharge Inc. has received $13 million in equity and other securities from 20 investors, according to a regulatory filing. The mobile electric car charging company is targeting an equity offering with a total value of $19 million, according to the filing this summer with the U.S. Securities and Exchange Commission. According to the filing, […]
Saint-Gobain, the worldwide leader in light and sustainable construction, and Greentown Labs, the largest climatetech incubator in North America, today announced the extension of their Terawatt Partnership through 2026. Through this partnership, Saint-Gobain remains committed to supporting sustainability-minded startup growth through multiple forms of collaboration and engagement. For example, Saint-Gobain will continue to provide expertise to help […]
By Eli Chavez A Billerica-based battery manufacturer is one of two Massachusetts companies to be selected for the Amazon Web Services Clean Energy Accelerator 4.0. Out of 800 applicants from 75 countries, PolyJoule was selected as one of the 21 companies to join the Amazon accelerator. The accelerator provides startups with access to its generative AI as well […]
