Commonwealth Fusion Systems

The Devens headquarters of Commonwealth Fusion Systems has been sold for $74 million by a Boston-based real estate investment firm to two investment groups. 

After inking a similar deal with Google in June, Commonwealth Fusion has signed a power purchase agreement with a longtime investor.

Liddell, who served as assistant to the president, deputy chief of staff, director of strategic initiatives, and director of the American Technology Council under Trump, is joining the company’s board as an independent member.

CFS has raised more than $2 billion in capital since it was founded in 2018.

The agreement will allow Type One Energy to access demonstrated technologies while expanding the market for CFS’ magnet business.

Speaking at the global summit, which attracts some of the world’s most prominent leaders, Commonwealth Fusion Systems CEO Bob Mumgaard outlined the promise of fusion energy technology.

The firm is planning to construct the world’s first grid-scale commercial fusion plant after years of excitement over fusion energy's potential.

Commonwealth Fusion Systems has taken another small step toward a big technological breakthrough.

While the prospect of commercial nuclear fusion energy in just 10 years may seem ambitious, one Devens-based company is working to make it a reality.

Commonwealth Fusion Systems, the Devens-based company striving to bring online the world’s first commercially-relevant net energy fusion...