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Eni Group Inks Over US$1 Billion Power Purchase Deal with Nuclear Fusion Innovator CFS
5 day ago /
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Author：小编
On September 22 (local time), Italian energy behemoth Eni Group and U.S.-based nuclear fusion trailblazer CFS made a joint announcement, revealing that they had entered into a power purchase agreement valued at over US$1 billion. Per the terms of this agreement, Eni Group is set to acquire decarbonized electricity generated by CFS's 400 - megawatt ARC fusion power plant located in Virginia, USA. The power plant is anticipated to be linked to the grid and commence electricity generation in the early 2030s. However, the financial specifics of the deal remain undisclosed. This agreement stands as the second offtake deal that CFS has secured within a three - month span for its inaugural grid - scale nuclear fusion power plant.
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