Tokamak Energy, one of the world’s leading private fusion energy ventures, has received a major investment boost totalling £10M from Legal & General Capital and British billionaire David Harding. The company, based in Oxfordshire, is working on the world’s most promising approach to fusion, with the aim of realising a future of abundant, clean energy within the next decade. Current estimates suggest the fusion energy market could be worth $2.2 trillion per year by 2045. The investment boost will help Tokamak Energy to accelerate its technology development, which combines spherical tokamaks and high-temperature superconductors to create similar conditions to those in the Sun where nuclear fusion occurs naturally. This huge engineering challenge has occupied some of the world’s brightest minds for over half a century.
Tokamak Energy 16th Dec 2016 read more »