Cambridge, MA – According to filings with the U.S. Securities and Exchange Commission, Commonwealth Fusion Systems is raising $114,999,971.00 in a new round of investment. Sources indicate as part of senior management Chief Executive Officer, Robert Mumgaard played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Commonwealth Fusion Systems

Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to market. CFS was spun out of MIT and is collaborating with MIT’s Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. Supported by the world’s leading investors in breakthrough energy technologies, the CFS team is uniquely positioned to deliver the fastest path to commercial fusion energy.

To learn more about Commonwealth Fusion Systems, visit http://www.cfs.energy/

Contact:
Robert Mumgaard, Chief Executive Officer
308-646-0681
robert@cfs.energy
https://www.linkedin.com/in/mumgaard/

SOURCE: http://www.intelligence360.io
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