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As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been pouring money into nuclear fusion, an impossible technology that seems to be slowly making its way toward commercial viability.
Latest Gallery: Tokamak energya UK-based startup that is refining its approach to the power of fusion. The company announced Tuesday that it has raised $125 million to further develop the reactor design and expand its TE Magnets division.
Tokamak Energy has been in the merger business since 2009, when it was spun off from the UK Atomic Energy Authority. The startup is pursuing what is known as magnetic confinement fusion, which uses magnets to bring together extremely hot plasma inside a reactor. This forces the plasma into the shape of a donut, but unlike other methods, Tokamak Energy’s spherical tokamak takes that donut and squeezes it into the ocean. The ST40 prototype produced a record-breaking 100 million degree Celsius plasma in 2022.
Tokamak Energy aims to operate a pilot power plant starting in 2034, The Telegraph reports. I mentionedwhich puts it roughly on par with many other fusion startups, although it is several years behind leaders like Commonwealth Fusion Systems.
To help bridge the gap so that commercial merger revenue can flow in, Tokamak Energy has launched a division, TE MagnetsTo sell its expertise in high-temperature superconducting magnets, a business model that is becoming more common among fusion startups.
The company has raised a total of $275 million from private investors, including this week’s raise, which was led by East .
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