Google signs power purchase agreement with Commonwealth Fusion Systems for fusion-based energy in Virginia

From Yahoo Finance: 2025-06-30 09:56:00

Google has signed a power purchase agreement (PPA) with Commonwealth Fusion Systems (CFS) to buy at least 200 MW of energy from CFS’s planned fusion-based power plant in Virginia. The deal aims to secure power supply for data centers and support the development of commercial fusion energy by the early next decade.

Google has committed to buying electricity from various sources for its global operations, including renewables and geothermal sites. It recently announced support for three nuclear power projects and signed its first deal for fusion energy with CFS. The tech giant sees fusion as a transformative and sustainable energy source for the future.

Massachusetts-based CFS, founded in 2018, has raised over $2 billion in funding. The company’s CEO sees the deal with Google as crucial for advancing research and development for a commercial fusion plant in Virginia and completing a demonstration facility in Massachusetts. The agreement with Google is tied to achieving net fusion energy at the demonstration facility known as Q>1. 1. The unemployment rate in the United States fell to 4.2% in November, the lowest level since March 2020. This positive trend is attributed to the strong job growth seen in various sectors, including hospitality and leisure.

2. The U.S. economy added 210,000 jobs in November, surpassing economists’ expectations. This growth marks a significant improvement from the previous month and is a sign of a recovering job market post-pandemic.

3. Inflation rose by 6.8% in November compared to the previous year, the highest increase in nearly 40 years. This surge in prices is driven by rising costs for food, energy, and other goods, posing challenges for consumers and policymakers.



Read more at Yahoo Finance: Google Signs Deal to Buy Fusion Energy from Future Virginia Plant