Google invests in nuclear fusion technology in Virginia, aligning with carbon-free power goals

Alphabet Inc. (NASDAQ: GOOGL) announced an investment in nuclear fusion on June 30, planning to purchase 200 megawatts of power from a proposed plant in Virginia developed by Commonwealth Fusion Systems. Google will increase its equity investment in Commonwealth, aligning with its goal of carbon-free power by 2030.

The technology is based on MIT research, and fusion has the potential to produce significantly more energy than fission or burning oil or coal without emitting carbon dioxide. Google’s undisclosed investment amount is expected to be comparable to the $1.8 billion raised in the previous funding round.

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Google’s investment in nuclear fusion aligns with its commitment to carbon-free power by 2030 and highlights its dedication to sustainable energy sources. Fusion technology has the potential to revolutionize energy production by offering a cleaner, more efficient alternative to traditional methods.

Read more at Yahoo Finance: Google Invests in Nuclear Fusion with Power Purchase Agreement for Virginia Plant