Eni targets commercial fusion power plant in Europe by 2040s

Italian energy company Eni is planning to back the development of a commercial fusion power plant in Europe by the early 2040s, according to a report by Investing.com. The facility is set to be built by Commonwealth Fusion Systems, a U.S.-based company in which Eni holds an investment stake. Eni's Francesca Ferrazza has stated that nuclear fusion could become the company's next refinery, noting the growing competition in the fusion industry and shifting technology and expectations over the past five to six years.

Eni has identified a business opportunity in developing the fusion fuel cycle, which involves recovering, purifying, and reusing tritium and deuterium from reactors. Eni established a joint venture with the UK Atomic Energy Authority in 2026 to provide specialist consultancy and operational services for fusion fuel cycles.

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