Italian energy group Eni and U.S.-based Commonwealth Fusion System (CFS) signed a new collaboration agreement on Thursday to accelerate the industrialisation of nuclear fusion energy.
Eni's logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandiniand U.S.-based Commonwealth Fusion System signed a new collaboration agreement on Thursday to accelerate the industrialisation of nuclear fusion energy.
The two partners, which started to cooperate in 2018, will work together on a series of projects aimed at launching a nuclear fusion power plant capable of feeding electricity into the grid in the early 2030s, Eni said. Nuclear fusion energy, which would generate power from nuclear fusion reactions, will make a major contribution to energy transition and Eni said the process would help the company to reach its net-zero emissions goal by 2050.
"We will see the first CFS power plant based on magnetic confinement fusion at the beginning of the next decade, with then almost two decades ahead to deploy the technology and achieve the energy transition goals by 2050," Eni CEO Claudio Descalzi said in a statement.
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