Commonwealth Fusion Systems
Coverage of Commonwealth Fusion Systems in the Nexus archive.
- Google and RWE Back German Nuclear Startup Proxima Fusion at €2.4 Billion Valuation
Google and RWE have backed German nuclear startup Proxima Fusion at a €2.4 billion valuation. Google also agreed to purchase 200 megawatts of power from Commonwealth Fusion Systems, an American fusion energy company it supports.
- Meet the CMO trying to make nuclear fusion cool
Joe Paluska, CMO of Commonwealth Fusion Systems, aims to generate excitement for nuclear fusion among Gen Z and Gen Alpha through a three-phased marketing campaign. The startup, backed by $3 billion in funding from entities like Google and Nvidia, is developing zero-carbon fusion power using superconducting magnets.
- AI boom: Demand for data centers drives innovation by energy, tech industries to produce new power sources
The AI boom is increasing demand for data centers, driving energy and tech industries to innovate new power sources. Exelon plans to invest $1.1 trillion in infrastructure over five years, while Commonwealth Fusion Systems aims to develop fusion energy capable of powering 280,000 homes. Data centers are projected to become the world’s fifth-largest energy consumer in 2024.