Project to start in 2025
The project is scheduled to start in 2025, and the total funding of $52 million is divided equally among the three partners.
Tokamak Energy’s partnership with the U.S. Department of Energy (DOE) and the U.K.’s Department of Energy Security and Net Zero (DESNZ) aims to establish shared access and development of facilities needed for fusion research and development (R&D).
“This represents a huge leverage opportunity for advancing fusion science and technology. These new investments will strengthen our partnerships with the private sector and our international allies. Each partner stands to gain significantly more than the funds committed,” said Dr Geraldine Richmond, DOE Under Secretary for Science and Innovation.