Oxford-based clean energy companies Tokamak Energy and First Light Fusion have been named the top two clean energy generation companies in the UK, according to research and development company Beauhurst. In first and fourth place are Swindon-based Recycling Technologies and LAT Water which is based at Thatcham, near Reading.
Tokamak Energy was spun out of the Culham Centre for Fusion Energy (CCFE) near Abingdon. It is now based at based at Milton Park, it is working to develop energy through compact fusion power, using a Tokamak which combine plasma in a magnetic field along with superconductors. Nuclear fusion is one of the most promising options for generating large amounts of carbon-free energy in the future.
Beauhurst has revealed that to date, Tokamak Energy has secured £123 million in equity fundraisings, across 10 rounds, and at least £11.4 million in innovation grants. The company’s January 2020 raise, totalling £67 million, is being used to accelerate its plans to build a fusion reactor by 2030.
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