Google Signs Landmark Fusion Power Deal With CFS
Google Signs Landmark Fusion Power Deal With CFS

Google Signs Landmark Fusion Power Deal With CFS

News summary

Google has entered a landmark agreement to purchase 200 megawatts of electricity from Commonwealth Fusion Systems’ (CFS) planned nuclear fusion power plant in Virginia, marking the first direct power purchase agreement between a customer and a fusion energy company. The plant is expected to come online in the early 2030s and is intended to meet the rising energy demand from data centers while supporting Google’s clean energy and carbon reduction targets. Google is also increasing its equity investment in CFS, following its participation in a $1.8 billion funding round in 2021. Although fusion power has not yet been proven at commercial scale, Google's commitment signals confidence in the technology and may encourage further investment in the sector. The partnership underscores the tech industry's search for reliable and clean energy sources amid the growing needs for AI and cloud computing. CFS's CEO indicated that Google's backing would help accelerate construction and attract additional capital, though more funding is required to bring the plant online.

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