Eni: participates in new CFS funding round
(CercleFinance.com) - Eni announces that it has participated in the recent financing round of CFS (Commonwealth Fusion Systems), the company spun out of the Massachusetts Institute of Technology, of which Eni is already the main shareholder.
CFS raised a total of over 1.8 billion dollars in the market, with the aim of accelerating the commercialisation of magnetic confinement fusion energy in the early 2030s.
Eni says that it was the first energy company to believe in and invest in this technology, which could make a major contribution to the energy transition.
CFS has confirmed that the funding would enable the construction and commissioning of SPARC, the world's first net positive energy fusion machine.
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