Commonwealth Fusion Systems (CFS), the world’s largest private fusion company, has selected Chesterfield County, Virginia as the site for the world’s first grid-scale commercial fusion power plant. Following a global search, CFS, which was spun out of Massachusetts Institute of Technology as a startup in 2018, will build its groundbreaking ARC facility at the James River Industrial Park. GreeneHurlocker is proud to be providing regulatory, land use and transactional legal counsel to CFS for this transformative project.
The project represents a significant step forward in clean energy production by harnessing fusion energy – the same process that powers the sun. Virginia Governor Glenn Youngkin, per The New York Times, commented on the project Tuesday: “This will add to our existing infrastructure in a way that I think will provide a new frontier: a new frontier for Virginia businesses and Virginia residents.”
According to CFS, the ARC facility is expected to generate approximately 400 megawatts of electricity, enough to power 150,000 homes, and is expected to begin delivering power to the grid in the early 2030s.
This initiative will bring major economic benefits to the Richmond region, with projections of billions of dollars in economic activity and hundreds of new jobs during both construction and operational phases.
Media outlets locally and around the world reported the historic announcement, which was held in Richmond and attended by GreeneHurlocker lawyers Brian Greene, Andy Brownstein, and Ann Neil Cosby (featured in photo above alongside CFS CEO Bob Mumgaard).
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