Research & Development

Nuclear Fusion / UK’s Tokamak Energy Raises £67m In Funding Round

By David Dalton
21 January 2020

Company wants unit connected to grid by 2030
UK’s Tokamak Energy Raises £67m In Funding Round
Tokamak Energy, the UK nuclear startup which is aiming to produce a fusion power reactor that is connected to the grid by 2030, has raised £67m in a funding round.

The raise, which was the Oxfordshire-based company’s largest to date, involved both long-time backers such as British financial services company Legal & General and new ones like Swiss businessman and lawyer Hans-Peter Wild.

Mr Wild is best known as the owner and chairman of family business Rudolf Wild & Co, which manufactures products including Capri Sun juice drinks.

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