Commonwealth Fusion Systems (CFS), a Massachusetts-based fusion energy startup, has successfully raised $863 million (Dh3.17 billion) in its Series B2 funding round, marking one of the largest deep tech clean energy investments outside the AI sector. The funding round attracted a diverse array of strategic investors, including tech giants like Google and NVIDIA, as well as major international banks and energy companies from Japan, Korea, Europe, and the UAE. This significant financial boost underscores the growing global interest in energy innovation, particularly at the intersection of AI and clean energy. CFS, a spin-off from MIT, is currently constructing its Sparc facility in Devens, Massachusetts, with supply chain partners from over 30 countries. The project, which is 70% complete, aims to demonstrate net energy gain—producing more power than it consumes—within the next two years. CFS’s approach combines proven Tokamak science with cutting-edge high-field magnets, which are now being mass-produced and installed in the Sparc facility. Fusion energy, which replicates the reaction powering stars, promises a future of abundant, clean, and dispatchable power. It offers energy independence by decoupling power generation from natural resources, making it ideal for urban centers and regions with limited land. CFS Co-Founder and CEO Bob Mumgaard highlighted the relevance of fusion energy to AI, which demands constant, high-volume energy. ‘AI is the fastest-growing energy consumer. Fusion pairs well with its needs—technically and philosophically,’ he said. Mumgaard also praised the UAE for its strategic vision and execution in energy infrastructure, from nuclear power to AI-driven innovation. ‘Energy is prosperity, and prosperity is change. The UAE understands this deeply and is well-positioned to lead the energy transition,’ he noted. With Sparc nearing completion and commercial fusion power on the horizon, CFS is not just chasing scientific milestones—it’s building the future of energy. The next step involves selling electricity from fusion, turning science fiction into reality.