There is something going on with the fusion crowd. They seem very enthusiastic about breakthroughs in 2024 and 2025; no more "Twenty years away and always will be."
I'm not sure what the impetus is but I haven't let not understanding something stop me so far.
From Sifted.eu January 7:
The company previously raised $200m from private investors and $50m from the UK and US governments
UK nuclear fusion startup Tokamak Energy has raised more than $50m in an ongoing Series C round, according to Companies House filings taken from Beauhurst and confirmed to Sifted by the company.
The raise featured a number of existing backers alongside new investors and strategic partners, Tokamak tells Sifted.
Previous investors include Legal & General Capital, Hans-Peter Wild — the founder of drinks brand Capri Sun — and British billionaire financier David Harding. Prior to December, Tokamak had picked up $200m from private investors and $50m from the UK and US governments.
What Tokamak does
Tokamak is looking to create commercial fusion technology using high temperature superconducting (HTS) magnets within “tokamaks.” These are devices that create a nuclear fusion reaction by using a magnetic field to hold plasma in a doughnut shape while running an electrical current through it.According to the company, its spherical fusion reactor is more efficient than the conventional tokamak shape, meaning it can operate with lower capital investment, operating costs and on a smaller scale.
While fusion reactions can theoretically generate huge amounts of energy far more efficiently than current alternatives like fossil fuels and renewables, the technology is some way off hitting the market. Tokamak says it’ll be the 2030s before it is able to sell fusion power....
....MUCH MORE
