Tokamak Energy secures $125M to commercialise fusion power
Update: 2024-11-20
Description
British scaleup Tokamak Energy has secured $125mn as it looks to harness fusion — the same clean, virtually limitless energy source that powers the Sun and stars. Tokamak spun out from the UK’s Atomic Energy Authority in 2009. As its name suggests, the company is building a tokamak reactor, the most common kind of fusion design, first pioneered in the 1960s. Tokamaks use giant magnets to keep plasma moving in a loop while running an electrical current through it. The funding brings the company’s total raised to $335mn, comprising $275mn from private investors and $60mn from the UK and US…
This story continues at The Next Web
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