Commonwealth Fusion Systems leans on magnets for near-term revenue

Commonwealth Fusion Systems said on Thursday it would sell high-temperature superconducting magnets to Realta Fusion, the second in a string of deals that suggests the company will lean heavily on its magnet technology in the coming years to bring in much-needed revenue.

“It’s the largest deal of this kind to date for CFS,” Rick Needham, the company’s COO, told reporters on a call.