Italian ENI and CFS sign cooperation agreement for the development of fusion energy

Eni's CEO, Claudio Descalzi, commented: “We will see the first CFS power plant based on magnetic confinement fusion built at the beginning of the next decade, then having almost twenty years ahead of us to spread the technology and achieve the energy transition objectives to 2050. This will mean having at an industrial level a technology capable of supplying large quantities of energy without any greenhouse gas emissions produced in a safe, clean and virtually inexhaustible way, providing a...

DEVENS, 10/03/2023 (informazione.news - comunicati stampa - energia)

Eni's CEO, Claudio Descalzi, commented: “We will see the first CFS power plant based on magnetic confinement fusion built at the beginning of the next decade, then having almost twenty years ahead of us to spread the technology and achieve the energy transition objectives to 2050. This will mean having at an industrial level a technology capable of supplying large quantities of energy without any greenhouse gas emissions produced in a safe, clean and virtually inexhaustible way, providing a substantial contribution to the energy transition. This is why we are facing a potential epochal technological turning point.”

“The collaboration agreement between CFS and our long-standing partner, ENI, has the great potential to advance our efforts on key global challenges and transformative opportunities in the energy landscape through an unlimited supply of clean fusion energy,” said CFS's CEO Bob Mumgaard. “This agreement underscores the key role that existing energy companies play in accelerating the industrialization of fusion energy and the strength of partnerships with such companies,” he added.

The path taken by CFS with the support of ENI is characterized by a pragmatic and progressive approach aimed at obtaining the industrial application of magnetic confinement fusion technology in the next decade. SPARC, which aims to be the world's first net fusion energy producing magnetic confinement pilot plant, is under construction and will be operational by 2025. SPARC, in turn, is expected to serve as a test bed for development of ARC: the first industrial fusion power plant, capable of feeding electricity to the grid, which is expected to be operational in the early 2030s.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/277f64b5-70bd-4d43-8264-6c7b6b076925

 The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.