Startup Commonwealth Fusion Systems said it will begin construction in Virginia of the world's first grid-connected fusion power plant that will harness clean energy and generate electricity from it. Construction is planned to be completed by the early 2030s. CNN reports this.
The facility will be built near Richmond. Once operational, the plant will be able to connect to the grid and generate 400 megawatts, enough to power about 150,000 homes, according to CFS CEO Bob Mumgaard.
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“This will be the first time that fusion energy has become available in the world on a grid scale,” Mumgaard said. Virginia Gov. Glenn Yankin called the announcement "a historic moment for Virginia and the world."
It is noted that the startup studied more than 100 places around the world to build a power plant before choosing Virginia. The site is owned by Dominion Energy, which will lease it to CFS and provide technical assistance. However, CFS has not yet received planning permission.
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Representatives of the startup said that the reasons for choosing this particular location were the developing economy of the region, suitable qualifications of local workers, a focus on clean energy and the ability to connect to the grid after the decommissioning of coal plants. CFS added that they plan to launch other fusion power plants in the future.
CNN notes that Virginia is also the world's largest location for data centers, a sector that requires enormous amounts of energy. Electricity consumption by U.S. data centers will triple by 2030, according to an analysis by Boston Consulting Group.
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