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Fusion startup CFS sells magnets for near-term revenue
TechCrunch·
Commonwealth Fusion Systems (CFS) is generating revenue by selling its high-temperature superconducting magnets to other fusion ventures, including Realta Fusion and Type One Fusion. This strategy aims to provide crucial funding while CFS develops its own commercial-scale tokamak reactor, Arc. The deals leverage CFS's significant investment in magnet manufacturing capabilities, which were built over seven years and hundreds of millions of dollars. By supplying technology to different reactor designs, CFS secures operational funding for its magnet factory and supports the broader fusion industry's advancement.
Tags
funding
energy
product
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