Eni at Commonwealth Fusion Systems
London, 21 November 2023, (Oilandgaspress) – The United States Special Presidential Envoy for Climate, John Kerry, has visited today Commonwealth Fusion Systems (CFS) corporate headquarters in Devens, Massachusetts, near Boston, together with CFS CEO, Bob Mumgaard and Eni CEO, Claudio Descalzi.
CFS, a spin-out of the Massachusetts Institute of Technology (MIT), is working to bring fusion power plants to market. Eni, a significant investor, and collaborator has played a key role in supporting CFS’s rapid growth since founding in 2018. CFS is currently constructing SPARC, projected to become the world’s first magnetic confinement system to demonstrate scientific energy gain. SPARC will pave the way for ARC – envisioned to be the first commercial power plant capable of feeding fusion electricity into the grid, which is projected to be operational in the early 2030s.
This strategic visit remarks the importance of fusion as a safe, more sustainable and virtually inexhaustible energy that will generate a breakthrough in energy transition. The advantage of commercial fusion energy is that it is free of greenhouse gas emissions, firm and reliable, making it extremely attractive for the energy industry. The fusion energy process is also virtually inexhaustible because it uses as fuel a mixture of two isotopes of hydrogen, deuterium and tritium. Magnetic confinement technology uses powerful magnetic fields to insulate, power and maintain the fusion reaction.
United States Special Presidential Envoy for Climate John Kerry commented: “Fusion energy is no longer just a science experiment. Benefitting from decades of investment from the Department of Energy’s world-leading Fusion Energy Sciences programs, it is now also an emerging climate solution. I will have much more to say on the United States’ vision for international partnerships for an inclusive fusion energy future at COP28, during an event on December 5”.
The visit to CFS by John Kerry and Claudio Descalzi follows a Technological Framework Agreement recently signed by Eni and CFS with the aim of accelerating the industrialisation of fusion energy. Eni was the first major energy company to believe and invest in fusion, which could make a major contribution to decarbonisation – once brought to industrial level – by providing large quantities of zero carbon energy. In detail, this collaboration aims at accelerating the industrial development of fusion power plants as well as a series of projects now under development that could include operational and technological support, technological development, project execution through the sharing of methodologies learned from the energy industry, as well as relationships with stakeholders.
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