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CFS, one of the largest and most-hyped nuclear fusion companies, will make a multibillion-dollar investment into building the facility near Richmond. When operational, the plant will be able to plug into the grid and produce 400 megawatts, enough to power around 150,000 homes, said its CEO Bob Mumgaard.

“This will mark the first time fusion power will be made available in the world at grid scale,” Mumgaard said. Virginia Gov. Glenn Youngkin welcomed the announcement, calling it “an historic moment for Virginia and the world at large.”

is shoppers stop limited (shoperstop) a good long term bet ✌️【Risk Avoidance】✌️ Free expert stock trend predictions to help you identify high-potential stocks and maximize returns. With real-time global market indices, futures, metals, energy, and agricultural product data, our platform enables you to make informed investment decisions. The plant would represent a new stage in the quest to commercialize nuclear fusion, the process which powers the stars. But the path toward it is unlikely to be smooth, not least because the technology has not yet been proved viable.

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is shoppers stop limited (shoperstop) a good long term bet ✌️【Risk Avoidance】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. The world is desperate for a clean, abundant source of energy that can replace fossil fuels as an always-available baseload power: nuclear fusionpromises to be just that.

It involves fusing atoms together to create a powerful burst of energy, achieved using the most abundant element in the universe: hydrogen. The most popular technology uses a donut-shaped machine called a tokamak.

Fusion is near limitless, produces no planet-heating pollution and unlike fission, the nuclear technology the world currently uses, it leaves no legacy of long-term nuclear waste.

But taking it from research projects in labs around the world to commercial use has proved fiendishly difficult. A common joke in the industry is that, for decades, fusion has been just decades away.

It’s something CFS acknowledges. “Nothing occurs overnight in fusion,” Mumgaard said. But the startup, which was spun out of MIT in 2018 and has raised more than $2 billion so far, says it is moving at pace.

It is “deep into” building a tokamak able to demonstrate net fusion energy: meaning a reaction that produces more energy than it consumes. It hopes to produce its first plasma – the superheated cloud of charged gas in which fusion reactions happen – in 2026 and achieve net fusion energy shortly afterward.

Building, owning and operating a power plant to plug fusion power into the grid is its “next act,” Mumgaard said.

is shoppers stop limited (shoperstop) a good long term bet ✌️【Risk Avoidance】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. The startup looked at more than 100 locations around the world for the power plant before choosing the James River Industrial Center in Virginia. The site is owned by Dominion Energy, which will lease it to CFS and provide technical assistance. The construction process is set to be long and CFS says it is still seeking permits.

is shoppers stop limited (shoperstop) a good long term bet ✌️【Risk Avoidance】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. The location was chosen for its growing economy, skilled workforce, clean energy focus and the ability it offered to connect into the grid after the retirement of a coal plant, CFS said.

“In the early 2030s, all eyes will be on the Richmond region … as the birthplace of commercial fusion energy,” Mumgaard said.

Virginia is also theworld’s largestdata center market, a sector that requireshuge and growing amountsof energy. Data center electricity consumption in the US is expected to triple by 2030, equivalent to the amount needed to power around 40 million US homes, according to a Boston Consulting Groupanalysis.

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CFS says the Virginia plant is intended to be the first of thousands they plan to put onto the grid in the future.

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In general, nuclear fusion startups “tend to be a little aggressive in what they’re promising,” Jerry Navratil, a professor of fusion energy and plasma physics at Columbia University, told 【 - Free Real-Time Stock Data 】 last month. There’s a big difference between producing energy from fusion and having a practical system that puts power on the grid and is safe, licensed and operating, he added.

is shoppers stop limited (shoperstop) a good long term bet ✌️【Risk Avoidance】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Mumgaard acknowledged “there will be bumps in the road and things won’t change overnight.” But, he added, “the designers and planners can now go from a general notion to a specific location for the next chapter in the fusion journey.”

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