Virginia to Host World’s First Commercial Fusion Power Plant (Communities - News & Events)
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Item ID 3168763 in Category: Communities - News & Events
Virginia to Host World’s First Commercial Fusion Power Plant | |
A groundbreaking project for the world’s first grid-scale commercial fusion power plant will take shape at the James River Industrial Park in Chesterfield County, Virginia. This ambitious venture is being led by Commonwealth Fusion Systems (CFS), one of the country’s largest private fusion energy firms. The plant, part of CFS’s ARC program, promises to revolutionize energy production, but it is still in the early stages. The company has only just outlined its plans, and as of now, contractors have not been selected, nor has a project timeline or final size been determined. CFS, based in Devens, Massachusetts, has partnered with Dominion Energy Virginia, the current landowner, to move the project forward. This partnership will provide non-financial collaboration, such as development expertise and leasing rights. CFS will independently finance, build, and operate the plant. As part of the initial steps, the company secured a $1 million grant from the Virginia Clean Energy Innovation Bank, with Chesterfield County matching the amount, according to an announcement from Virginia Governor Glenn Youngkin’s office. For more details please visit our website - https://www.constructionviewpoint.com/2025/01/31/virginia-to-host-worlds-first-commercial-fusion-power-plant/  | |
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| Target State: Texas Target City : Houston Last Update : Nov 18, 2025 6:00 AM Number of Views: 7 | Item Owner : constructionviewpoint Contact Email: (None) Contact Phone: (None) |
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2025-11-18 (0.396 sec)