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Tokamak Energy Ltd

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Year established

2009

Location

UK

Primary Industry

Power & Utilities

About

Based in the UK, and founded in 2009 by its Chief Scientist Officer, Dr. Mikhail Gryaznevich and Alan Sykes, Tokamak Energy Ltd operates as a fusion power research company. The company was created as a spin-off from Culham Laboratory's fusion research site near Oxford. The company, which employs roughly 160 people as of 2021, is led by CEO Chris Kelsall. Tokamak Energy Ltd has raised about GBP 117 million from private investors including L&G Capital's Dr. Hans-Peter Wild and Winton Capital's David Harding. Tokamak Energy is developing safe, cost-effective, secure, and carbon-free fusion energy solutions by combining spherical tokamaks (devices that use a powerful magnetic field to confine plasma in the shape of a torus) and high temperature superconducting (HTS) magnets. As of 2021, the company's patent portfolio includes over 50 families of patent applications as well as the ST40 and ST25 fusion machine prototypes (spherical tokamaks). The ST25 is a copper magnet-based experimental device, whereas the ST40 is a fusion energy prototype device that can achieve temperatures hotter than the sun's core and collect energy. The company plans to create commercial fusion technologies and operate its privately funded fusion module ST40 at 100 million-degree plasma temperature within 2021.
Current Investors
Winton Capital, Legal & General Capital, Furukawa Electric Co., Ltd.

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Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Renewable Energy
Website
www.tokamakenergy.co.uk
Verticals
Clean Technology
Company Stage
Early Stage
Total Amount Raised
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