Tokamak Energy secures $125M to commercialise fusion power

Quick Summary:

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.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsFranceSouth Africa

Topics: Investors and funding Deep tech Next Featured Insider Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 00:01:54 (4 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 23778109

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Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 2 days ago

Coverage Areas: Netherlands

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