Save for later Print Download Share LinkedIn Twitter 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.
