UKSPA News

UKAEA welcomes new funding for Tokamak Energy

Tokamak Energy, the private company based at Milton Park in Oxfordshire, which is working to develop compact fusion power, has recently been awarded £10 million from the Department for Business, Energy and Industrial Strategy, as part of the UK Government’s Advanced Modular Reactor (AMR) project.

The funds will contribute to core development work on key fusion technologies, such as high temperature superconducting magnets and plasma exhaust (or ‘divertor’) technologies, both of which are key challenges that need to be overcome for fusion to become a commercially viable future electricity source.

Tokamak Energy was the only fusion company to be awarded AMR funding; the other two companies who were chosen are developing advanced fission technologies. This support from UK Government re-affirms their strong and practical support for fusion energy, coming as it does on the back of investment into UKAEA – notably for the conceptual design of the Spherical Tokamak for Electricity Production (STEP) programme and to redevelop the Culham campus.

UKAEA’s Chief Technology Officer Tim Bestwick welcomed the announcement: “This is really good news – not just for Tokamak Energy, but also for the wider fusion community,” he said. “This £10 million Advanced Modular Reactor award recognizes the potential importance of fusion in future low-carbon energy generation, and illustrates the depth of talent in this field in the UK.

Member Related To This Article

Milton Park | Science and Technology Park in Didcot

View Profile

Exeter Science Park marks legacy of retiring chief executive

Learn More

UKSPA and End Game partner to develop a common national standard for the UK’s science parks and innovation clusters

Learn More

The BioEscalator publishes its Portfolio 2026 – a guide to tenants for potential partners and investors

Learn More

ARC LAUNCHES ADAPT BY ARC – FLEXIBLE OFFICE AND COWORKING SPACE AT ITS OXFORD INNOVATION CAMPUS

Learn More

New Chief Executive Takes the Helm at Southampton Science Park

Learn More

Subscribe to Our Newsletter to Keep Up to Date With the Latest UKSPA News

UKSPA
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.