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Eni and Commonwealth Fusion Systems expand partnership with a $1 billion+ power purchase agreement to commercialize fusion energy.
Sep 22, 2025•9 months ago
Contract Type
partnership
RomeEnergyOil And GasRenewable Energy
Description
Eni and Commonwealth Fusion Systems (CFS) have signed a power purchase agreement worth over $1 billion, aimed at expanding their strategic partnership to commercialize fusion energy. This agreement involves Eni acquiring decarbonized power from CFS's forthcoming 400 MW ARC fusion power plant in Virginia, expected to connect to the grid in the early 2030s.
Company Information
Company
Baleine offshore field
Location
Rome, Lazio, Italy
About
The Baleine offshore field is the largest hydrocarbon discovery in Ivory Coast. Managed by Eni, the field began production in 2023 and represents a significant energy project in the region. The field aims to boost local oil and gas production efficiency and align with national development goals. The partnership includes Vitol and Petroci, enhancing regional energy capabilities.
RomeEnergyOil And GasRenewable Energy