Tokamak Energy has raised $125 million to refine its fusion reactor design and expand its TE Magnetics division, as the race for AI's power demand accelerates.
Since its inception in 2009, Tokamak Energy has pursued magnetic confinement fusion, using a novel spherical tokamak design to achieve a record-setting plasma temperature.
The startup aims to operate a pilot power plant by 2034, positioning itself alongside other fusion startups, while capitalizing on high-temperature superconducting magnet expertise.
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