Tokamak Energy, founded in 2009, is focused on developing affordable and competitive fusion energy using their two world-leading technologies: compact spherical tokamaks and High Temperature Superconducting (HTS) magnets.
The spherical tokamak, a more efficient alternative to the traditional doughnut-shaped plasma, offers the smallest and most cost-effective solution for fusion energy.
HTS magnets, made from Rare Earth Barium Copper Oxide (REBCO) and manufactured in narrow tapes, create higher magnetic fields and take up less space than conventional superconductor magnets. Tokamak Energy's roadmap includes completing the ST80-HTS in 2026, demonstrating the potential of HTS magnets in a high field spherical tokamak. This will inform the design of the fusion pilot plant, ST-E1, which aims to deliver electricity to the grid in the early 2030s, producing up to 200 MW of net electrical power.
The company's ultimate goal is to deploy commercial fusion power plants by the mid-2030s.
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Sources: Company website, Fusion Industry Association Annual Report 2022