One of the most advanced nuclear fusion developers has raised about $900mn from backers including Nvidia and Morgan Stanley, as it races to complete a demonstration plant in the US and commercialise the nascent energy technology.
Commonwealth Fusion Systems plans to use the money to complete its Sparc fusion demonstration machine and begin work on developing a power plant in Virginia. The group secured a deal in June to supply 200 megawatts of electricity to technology group Google.
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