Commonwealth Fusion Systems Signs Preliminary Deal for $85M Chip Award, Government Would Take Stake

Fusion energy company Commonwealth Fusion Systems has signed a preliminary deal with the U.S. Department of Commerce. It covers a proposed $85 million CHIPS Act award, a U.S. program funding computer chips. In return, the government would take an ownership stake. The deal is not final and could change. The stated goal is faster research into chips for fusion power.