£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions

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return false;"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li>   </ul> </div> </div> </div> <div class="m fl p20"> <div class="show-c"> <h1 class="title fz26 fwb black"> £8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions </h1> <div class="baseinfo"> <i class="iconfont icon-time"></i> <span>22 Nov 2024    <a href="javascript:;" class="dofav fr fav" title="Add to my favorites" data-id="46226"><i class="iconfont icon-likefill"></i></a> </div> <div class="content mt40"> British Patient Capital has announced an £8m investment into Tokamak Energy as part of a $125m financing round aimed at advancing the commercialisation of fusion energy <p style="text-align: center;"><img alt="" src="https://www.world-energy.org/uploadfile/2024/1122/20241122110050279.png" /><br /> Image: Tokamak Energy</p> <p>British Patient Capital has committed £8 million to Tokamak Energy as part of a $125 million (£98.6m) financing round aimed at accelerating the development of fusion energy.</p> <p>The round, co-led by East X Ventures and Lingotto Investment Management, attracted participation from a range of new investors including global companies Furukawa Electric, BW Group and Sabanci Climate Ventures.</p> <p>This new funding will help Tokamak Energy scale its high-temperature superconducting (HTS) technology, TE Magnetics, and drive forward its fusion energy ambitions.</p> <p>The company, which was originally spun out from the UK Atomic Energy Authority in 2009, has now raised a total of $335 million (£264m), including both private sector and government funding from the UK and US.</p> <p>The investment will support Tokamak Energy’s work on its fusion pilot plant and ground-breaking fusion technologies, which are being developed and tested at the company’s facility near Oxford.</p> </div> </div> </div> <div class="fl show-keywords_small"> <h2 class="t title-ff fwb fz18 black tr show-keywords-title p20 fl"> Keywords </h2> <div class="fr fz18 keywords"> <i class="iconfont icon-icon-down"></i> <a href="https://www.world-energy.org/search.html?keyword=uk">UK</a> <a href="https://www.world-energy.org/search.html?keyword=fusion energy ambitions">Fusion Energy Ambitions</a> </div> <div class="fr fz18 keywords"> <div class="fixedad ad mt10 mb30" style="width: 630px; 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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions - World-Energy