Just two weeks since raising $125mn in funding, British scaleup Tokamak Energy has secured backing from the US and UK to upgrade its ST40 fusion energy plant. The US Department of Energy (DOE), the UK’s Department of Energy Security and Net Zero (DESNZ), and Tokamak Energy will jointly sponsor a $52mn upgrade to the fusion facility in Oxfordshire. “Fusion has the potential to be a clean and sustainable energy source, transforming how we power our country, and countries around the world,” said Kerry McCarthy, Minister for Climate at DESNZ. “This strategic partnership is therefore crucial to develop this new and…
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