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Other articles in the issue

• Commonwealth Fusion Systems Raises $1.8 Billion in Funding to Commercialize Fusion Energy

  Commonwealth Fusion Systems (CFS) announced it has closed on more than $1.8 billion in Series B funding to commercialize fusion energy. This includes capital to construct, commission, and operate SPARC, the world’s first commercially relevant net energy fusion machine. In addition, it will enable the company to begin work on ARC, the first commercial fusion power plant, which includes developing support technologies, advancing the design, identifying the site, and assembling the partners and customers for the future of fusion power.

  The round was led by Tiger Global Management with participation by new investors, including (in alphabetical order) Bill Gates; Coatue; DFJ Growth; Emerson Collective; Footprint Coalition; Google; JIMCO Technology Fund, part of JIMCO, the Jameel Family’s global investment arm; John Doerr; JS Capital; Marc Benioff’s TIME Ventures; Senator Investment Group; a major university endowment; and a pension plan; as well as current investors, including Breakthrough Energy Ventures; The Engine; Eni; Equinor Ventures; Fine Structure Ventures; Future Ventures; Hostplus; Khosla Ventures; Lowercarbon; Moore Strategic Ventures; Safar Partners; Schooner Capital; Soros Fund Management LLC; Starlight Ventures; Temasek; and others committed to the commercialization of fusion energy to mitigate climate change.

• Eni ready to spend more on nuclear fusion in green drive

  Italian energy company Eni (ENI.MI) is ready to invest more in a nuclear fusion project it feels could be a game-changer in the race to produce limitless clean electricity to power cities and industry, the head of the project at Eni said.

• Five Startups Selected to Participate in Shell Gamechanger Accelerator™ Powered by NREL

  The Shell GameChanger Accelerator™ Powered by NREL (GCxN), a multi-million dollar program developed in collaboration between Shell GameChanger and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), has selected five startups to participate in the program’s fifth cohort. GCxN provides promising early-stage cleantech startups with resources to accelerate product commercialization while de-risking investment.

• Amazon to Invest in 18 New Renewable Energy Projects

  Shares of Amazon.com, Inc. (AMZN) were trading 1.2% up, at the time of writing, in the early trading session on Wednesday after the company announced plans to invest in 18 new wind and solar energy projects in Europe and the U.S.

  The technology firm is based out of Seattle and offers E-commerce, cloud computing, digital streaming, and artificial intelligence services.

• JERA Americas Acquires El Sauz Wind Project in Texas from Apex Clean Energy

  JERA Americas, the Houston-based subsidiary of global energy leader JERA Co. (JERA), has acquired a 100% interest in the El Sauz Wind Power Project from Apex Clean Energy, the original developer. The approximately 300 megawatt (MW) project, located in Willacy County, Texas, is expected to begin construction in early 2022 and begin operating in the last quarter of the year.