This Oxfordshire-based firm aims to develop fusion power, which would help solve the world’s energy demands by producing a new, safe, and cost-effective source of clean energy. The company has raised over £50m from investors including Legal & General Capital, and David Harding, founder and chief executive of Winton Group. It collaborates with teams of scientists and engineers internationally, including from CERN, the University of Oxford, and the University of Tokyo. Co-founders David Kingham, 63, and Mikhail Gryaznevich, 65, set up the company in 2009 as a spin-out from the Culham Centre for Fusion Energy. The company’s latest fusion device has already achieved temperatures of 15m degrees Celsius, as hot as the centre of the sun, and by 2025 it aims to have built a fusion power demonstrator called F1, capable of producing industrial-scale fusion energy.
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