Eni Nuclear Fusion Pact

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Eni and US-based Commonwealth Fusion Systems (CFS) have inked a strategic framework agreement aimed at accelerating the industrialization of nuclear fusion energy. The Italian oil and gas producer said the agreement will enable CFS to draw on Eni's global engineering and project management experience as it seeks to develop and deploy fusion energy on an industrial scale. CFS — in which Eni holds a 33.72% stake — plans to use magnetic confinement fusion technology at a pilot plant, SPARC, which is in construction in Massachusetts and due to be operational in 2025. CFS, a spinoff of the Massachusetts Institute of Technology, is targeting a commercial plant, ARC, that aims to put 200 MW of fusion electricity on the grid in the early 2030s. "Having this technology at the industrial level, providing large quantities of zero-carbon energy produced in a safe, clean and virtually inexhaustible way, will mean that we will contribute substantially to the energy transition challenge," said Eni CEO Claudio Descalzi.

Nuclear, Emerging Technologies
Wanda Ad #2 (article footer)
LCOE calculations stubbornly confirm that renewables are the cheapest option for new power generation.
Wed, May 24, 2023
The Net-Zero Insurance Alliance (NZIA) is down a third of its members in the face of antitrust threats from a coalition of Republican state attorneys general in the US.
Fri, May 26, 2023
Zaporizhzhia plant reverts to backup power amid renewed attempt to secure plant; the European Commission approves amended contracts for the Russian Paks II project in Hungary; Japan maritime firms commit to UK-led floating reactor development.
Fri, May 26, 2023