Commonwealth Fusion Systems raised $863 million from investors including AI giant Nvidia Corp. to help complete a demonstration system and continue development of its first commercial plant that will generate electricity by harnessing the energy of the stars. Nvidia’s NVentures venture capital unit joins existing investors Khosla Ventures and Alphabet Inc.’s Google in backing the company, according to a statement Thursday. With this funding round, Devens, Massachusetts-based Commonwealth has raised about $3 billion, one-third of all the money the fusion industry has raised to date. The funding is a sign of investors’ growing confidence that Commonwealth will be able to deliver a functioning fusion power plant. The technology offers the potential for abundant, clean energy, but remains a significant technical challenge. The company’s demonstration system is about 65% complete, according to Chief Executive Officer Bob Mumgaard, and is on track to reach a critical technical milestone in 2027. That paves the way for the commercial plant it’s developing in Virginia.

Full report : Commonwealth, which wants to build a fusion power plant, raised $863 million from Nvidia’s NVentures, Khosla Ventures, and Google, bringing its total raised to ~$3 billion.

For more see the OODA Company Profile on Commonwealth Fusion Systems.