Equinor Stepping Up on Fusion Investment

Equinor Ventures, the venture capital arm of Equinor, has raised more than $1.8 billion to commercialize fusion energy.

Hart Energy Staff
Equinor Stepping Up on Fusion Investment

In September CFS announced the successful test of the world’s strongest high temperature superconducting (HTS) magnet. (Source: Gretchen Ertl, CFS/MIT-PSFC)

Equinor Ventures (EV) is increasing its investment in Commonwealth Fusion Systems (CFS) as part of the Series B funding round raising more than $1.8 billion to commercialize fusion energy, the company said on Dec. 1.

Fusion is the process that releases energy by merging two or more lighter atoms, typically hydrogen, into a larger one. This requires high temperature, high density, and sufficient confinement. Fusion energy has the potential to play a material global role in the decarbonization of energy. It offers safe, dispatchable, emission-free, baseload heat and power generation that is geographically flexible and resource independent with readily available input materials.

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