Mallory Locklear reports via Engadget: MIT announced yesterday that it and Commonwealth Fusion Systems -- an MIT spinoff -- are working on a project that aims to make harvesting energy from nuclear fusion a reality within the next 15 years. The ultimate goal is to develop a 200-megawatt power plant. MIT also announced that Italian energy firm ENI has invested $50 million towards the project, $30 million of which will be applied to research and development at MIT over the next three years. MIT and CFS plan to use newly available superconducting materials to develop large electromagnets that can produce fields four-times stronger than any being used now. The stronger magnetic fields will allow for more power to be generated resulting in, importantly, positive net energy. The method will hopefully allow for cheaper and smaller reactors. The research team aims to develop a prototype reactor within the next 10 years, followed by a 200-megawatt pilot power plant.