CAMBRIDGE, Mass., PRNewswire/ — Safar Partners, a seed- to growth-stage venture fund investing in technology companies, announced today that its portfolio company Commonwealth Fusion Systems (CFS) achieved a historic breakthrough in clean energy generation through commercial fusion. CFS, in partnership with MIT, successfully tested the world’s strongest high-temperature superconducting fusion magnet.
“Safar Partners congratulates the entire team at Commonwealth Fusion Systems for the extraordinary milestone achieved with the first-of-its-kind superconducting magnets,” said Nader Motamedy, a Safar Managing Partner. “Fusion energy will provide a truly limitless opportunity for the future of our world. We are proud to be one of the first investors in CFS. We’re excited to continue our collaboration and financial support as the company meets future milestones.”
CFS is on track to bring fusion energy technology to market. CFS was spun out of MIT and combines the decades of research experience of MIT’s Plasma Science and Fusion Center with the innovation and speed of the private sector. Supported by the world’s leading investors in breakthrough energy technologies, CFS is uniquely positioned to deliver the fastest path to commercial fusion energy.