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Commonwealth Fusion Systems receives $85 million US government award
Commonwealth Fusion Systems receives $85 million US government award to develop advanced chips for the fusion power industry.
Key points
- The $24.4 million funding includes $20 million from the Industrial Base Analysis and Sustainment program and $4.4 million from the U.S.
- The program focuses on developing ultra-bright monolithic microdisplays using proprietary quantum dot color conversion technology.
- The technology is intended to improve brightness and reliability while reducing size, weight, and power for defense augmented reality
Why it matters. The funding is expected to provide warfighters with improved situational awareness and advance underlying technologies shared across Mojo's broader product platform.
Commonwealth Fusion Systems announced on Thursday it will receive $85 million from the U.S. Department of Commerce. This CHIPS Act award grants the government a stake in the company to boost semiconductor R&D and manufacturing. Co-founder Brandon Sorbom stated the funds will support five initiatives, including silicon carbide power electronics and AI hardware adaptation. The company aims to activate its Sparc reactor next year.
Latest updates
Commonwealth Fusion Systems receives $85 million US government award
Commonwealth Fusion Systems (CFS) announced on Thursday that it will receive $85 million in federal funding to advance the fusion power industry. The grant focuses on developing specialized chips and conductors capable of withstanding the extreme environments of fusion reactors. CFS is currently racing to complete its first demonstration device, the Sparc reactor, which the company aims to activate next year.
Mojo Vision wins $24.4 million US government award
Mojo Vision received $24.4 million in additional funding through an Other Transaction Authority agreement. The award was granted by the Office of the Assistant Secretary of War for Industrial Base Policy. The funds will be used to develop monolithic full-color microdisplays for near-eye augmented reality applications. The project also aims to expand the company's domestic manufacturing capabilities within the United States.