Commonwealth Fusion Systems on Dec. 17 announced that it will build the world’s first grid-scale commercial fusion power plant at the James River Industrial Park in Chesterfield County, Virginia.
As part of this effort, CFS has reached an agreement with Dominion Energy Virginia to provide non-financial collaboration, including development and technical expertise as well as leasing rights for the proposed site. Dominion Energy Virginia currently owns the proposed site.
CFS conducted a global search for the site of its first commercial fusion power plant, known as ARC, which the company will independently finance, build, own, and operate.
ARC will generate about 400 megawatts of electricity.
