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Story summary
- Eni signs a power purchase agreement with Commonwealth Fusion Systems (CFS) worth over $1 billion for a 400 MW fusion plant in Chesterfield County, Virginia, targeting grid connection in the 2030s.
- The deal moves Eni from investor to commercial partner, signaling commitment to fusion as scalable decarbonization.
- CFS has raised nearly $3 billion, including $863 million in a recent round, to support fusion projects.
