US Government funds Tokamak Energy $580k for fusion: The US Government has awarded Tokamak Energy $580,000 (£440,000) to tackle challenges related to developing nuclear fusion technologies.
The business, has received the new financing from the US Department of Energy under its Innovation Network for Fusion Energy program (INFUSE) and is working to accelerate the development of commercial fusion power using a spherical tokamak reactor, it hopes to deliver powerful, efficient and cost-effective fusion.
This additional funding follows funding from the UK Government who awarded a £10 million grant to the firm earlier this month.
Executive Vice Chairman of Tokamak Energy, Dr. David Kingham said: “Fusion Energy is a game-changing energy source for the future and we need it as soon as possible.
“These grants support our collaboration with partners in US National Laboratories. Working together we can accelerate the development of fusion technologies and bring fusion.”
US Government funds Tokamak Energy $580k for fusion