The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

UKAEA awards £3.1m in contracts to grow fusion in the UK

1 March 2023
Share
The Business Magazine article image for: UKAEA awards £3.1m in contracts to grow fusion in the UK
MAST-U - a fusion energy machine at UKAEA's Culham Campus vital for the delivery of fusion powerplants. CREDIT SMD Photography

The United Kingdom Atomic Energy Authority has awarded contracts to 18 organisations totalling £3.1 million.

The contracts, which are looking to accelerate the commercialisation of fusion energy and focus on overcoming specific technical and physical challenges, are all awarded to feasibility studies and range between £50,000 to £200,000.

They are funded by the UKAEA’s Fusion Industry Programme and awarded through the UK Government’s Small Business Research Initiative platform.

Projects funded by the contracts are all aiming to tackle challenges linked to the commercialisation of fusion energy, from novel fusion materials and manufacturing techniques through to innovative heating and cooling systems, all needed for future fusion powerplants.

Read more - World-first ‘super’ magnets built by Tokamak Energy for fusion power plant testing

Tim Bestwick, UKAEA’s Chief Technology Officer, said: “In the past 12 months we have seen significant advances both in the UK and globally that demonstrate the potential for fusion energy to be a safe, low-carbon and sustainable part of the world’s future energy supply.

“However, there are a number of significant technical challenges to address for fusion energy to realise its potential. The Fusion Industry Programme is helping engage organisations and industrial partners to stimulate innovation and address these important challenges.”

UKAEA’s Fusion Industry Programme was allocated £42.1 million as part of a £484 million support package from the government for research in the UK. Contracts have been awarded to start-ups, small-medium enterprises, established companies, and academia, with six of the eighteen organisations receiving funding through the Fusion Industry Programme for the first time.

Five of the organisations funded are within the South. These are: 3-Sci Limited, Oxford Sigma, Archer Technicoat, Astral Neutronics and QDot Technology.

Read more - Machine Discovery teams up with First Light Fusion in huge 'clean energy' innovation


Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

Related articles

Latest Deal Ticket

view more
Business consultants Magnetic (London)
have been acquired by
Management consultants Newton Europe (Oxford)
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
09
Jul

Leadership Roundtable: Opportunities and challenges in the Care Sector

Herrington Carmichael
Farnborough Aerospace Centre, GU14 6XR
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
23
Jul

Leadership Roundtable: Search Fund Exits & Acquisitions

Shawbrook Bank
9 Appold Street, London EC2A 2AP
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles

Group Companies

Dorset BIZ NewsHampshire BIZ News