Global law firm K&L Gates LLP advised Commonwealth Fusion Systems (CFS) during the negotiations of a power purchase agreement with Google. CFS, through its first ARCTM power plant – the world’s first grid-scale fusion power plant – plans to deliver fusion power onto the electrical grid in the early 2030s.
Through the agreement, Google will purchase 200 megawatts of power from CFS’s ARC fusion power plant, which is expected to be built in Virginia. This partnership signifies CFS and Google’s commitment to advancing fusion energy and the companies’ visions for a fusion-powered future.
The cross-disciplinary and multi-office team was led by Portland of counsel Bill Holmes and Pittsburgh associate Samantha DeLee. Washington, DC partners Kimberly Frank, Cheryl Isaac, and Marty Pugh also assisted on the matter.
Bill Holmes noted that it was a “great opportunity to work on this cutting-edge transaction and an absolute pleasure working with the CFS team. It has been truly exciting to have been part of this groundbreaking effort.”
Rick Needham, Chief Commercial Officer of CFS, stated: “It’s quite the feather in the cap to say we all negotiated and closed the first true bilateral fusion PPA and the largest fusion deal in history – so far. We’re grateful for the keen insights from the K&L Gates team as we navigated this partnership and look forward to their continued support as fusion energy becomes widespread.”
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.