Fusion energy pioneer Tokamak Energy has raised $125 million in a round of funding aimed at commercializing its transformative high-temperature superconductor (HTS) technology. The central goal is to advance the deployment of HTS magnets and the development of a pilot fusion power plant.
New partners for nuclear fusion
The round, led by East X Ventures and Lingotto Investment Management, includes new strategic partners such as Furukawa Electric Company and Sabanci Climate Ventures. These partnerships underline the global support towards a sustainable energy transition, combining HTS technology with applications such as mobility and renewable energy.
The funding will enable Tokamak Energy to scale up its ST40 spherical tokamak , a reactor that has reached plasma temperatures of 100 million degrees Celsius . This breakthrough is crucial to converting energy from stars into an unlimited, clean and safe terrestrial source.
In addition, TE Magnetics, the division responsible for superconducting magnets, will expand its impact in industries such as medical science, propulsion and clean energy. According to CEO Warrick Matthews, these partnerships strengthen the mission to lead in fusion energy and address challenges such as climate change and energy security.
It is important to mention that the Tokamak company is part of the Milestone-Based Fusion Development Program of the US Department of Energy, reaffirming its leadership in this emerging sector. The recent investment not only supports the company’s growth, but also positions the United Kingdom and the United States as global leaders in this technology.
In the following video you can see how the company’s spherical tokamak works.
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Source and photos: Tokamak Energy
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