How Commonwealth Fusion Systems is Igniting a Clean Energy Revolution
In the panel discussion 'Fusion is the New F Word,' Kristen Berke, VP of Sales, Entertainment & Branded Content at LA Times Studios moderated a conversation with Joe Paluska, Chief Marketing Officer at Commonwealth Fusion Systems and Jennine Willett, Creative Director at Commonwealth Fusion Systems. The panel talked about how Commonwealth Fusion Systems (CFS), an MIT spin-out, is leading the charge in commercial fusion energy.
The company is harnessing the power of the sun and stars through fusion, a clean, unlimited and safe energy source with no byproducts. Unlike fission which splits atoms, fusion combines two hydrogen molecules. While fusion has been around for over a century, recent advancements in material science and AI have made it possible.
CFS is building a machine called SPARC and plans to turn it on by 2027. SPARC uses powerful, high-temperature superconducting magnets, a technology first discovered by IBM in the 80s. These magnets are key to containing and controlling the superheated plasma—a state of matter above 100 million degrees Celsius—inside the machine to release massive energy.
The company's culture is driven by a sense of mission, with a team of over 1,000 people including top scientists, engineers and skilled tradespeople from NASA and SpaceX. They are working 24/7 to achieve what was once considered the 'holy grail' of energy.
CFS believes fusion energy is vital to addressing the global climate crisis, especially as current climate projections indicate humanity will surpass the 1.5-degree Celsius warming threshold sooner than anticipated. Their goal is to scale up production of magnets and power plants fast, just like during World War II when we faced an existential threat.
Beyond the tech, CFS is committed to making fusion energy understandable and public. Through the #PowerMoves campaign they say fusion is 'humanity's power move'—a big step for the planet. They want to mainstream climate tech and tell more creative and impactful stories to reach a wider audience, including young people, to inspire the next generation of engineers and physicists. CFS envisions a future where compact fusion power plants can be deployed everywhere, and energy can be democratized and resource conflicts resolved.
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CNBC
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Best Stocks: An under-the-radar play on the AI buildout that was founded more than 90 years ago
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This vertical — Communications Solutions — is 45% of Amphenol's business and growing rapidly, fueled by incredibly strong demand coming from broadband, mobile networks and data center interconnects. After the last earnings report, which Sean will detail below, Wall Street woke up to the fact that there's no AI without connections between the chips and the hardware, the servers and the electrical equipment, the architecture and the energy. Amphenol's products are involved at every stage of this. Best Stock Spotlight: Amphenol Corp (APH) On the list since: 12/16/2024 One-year price chart with moving averages, RSI: Sean — Amphenol has as pretty of a chart as you'll find. 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I'd be watching for a price dip into the high $80s, which would be a retest of the most recent breakout area before entering the position. The risk of waiting for that lower entry is you may not get the chance. It happens. Traders will want to keep an eye on the rising 50-day, currently $81.50, as a place to lighten up or exit. Investors will want to give this situation the benefit of the doubt and a little bit of a longer leash. There's a gap below $71, I like that level as a stop as it would tell me the sellers have taken control and something may have changed with the story. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
Boston Globe
4 hours ago
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Harvard has collected 3 million biological samples over decades. Now researchers may not have the money to preserve them.
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The Hill
a day ago
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