$1 Billion Backing to Build a Fusion Power Plant
The $1 billion is the largest single funding round among fusion energy companies since CFS’ $1.8 billion round in 2021.
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The deal aims for fleet-scale deployment of the AP1000 reactor while advancing the AP300 small modular reactor.


Four advanced small modular reactors will be built at a former nuclear power plant in New Jersey.


As the nation’s energy needs continue to expand, a new kind of modular reactor aims to address the demand.