The funding round was led by East X Ventures and Lingotto Investment Management, with additional contributions from British Patient Capital, Furukawa Electric Company, BW Group, and Sabanci Climate Ventures.

With this latest round, Tokamak Energy has raised a total of $275 million from private investors, underscoring strong investor confidence in its technology.

Tokamak Energy, a UK-based nuclear fusion startup, has successfully raised $125 million in funding to advance its innovative egg-shaped reactor design.

Once operational, each Tokamak reactor is expected to generate about 500 megawatts of clean electricity, sufficient to power approximately 85,000 homes.

Founded in 2009 as a spin-off from the UK Atomic Energy Authority, Tokamak Energy focuses on developing a tokamak reactor, a design that uses magnets to contain plasma for fusion.

The company's ST40 reactor is a spherical tokamak, which is smaller and more efficient than traditional donut-shaped reactors like ITER, allowing for improved plasma confinement.

The new funding will not only support Tokamak's commercialization plans but also its goal to have a fusion power plant operational by the 2030s.

In 2022, the ST40 achieved a groundbreaking temperature of 100 million degrees Celsius, making it the first privately owned fusion reactor to reach this critical threshold for self-sustaining fusion reactions.

Fusion energy is highly efficient, producing millions of times more energy per kilogram of fuel than fossil fuels, and it does so without harmful emissions.

Despite historical skepticism about fusion energy being perpetually '20 years away,' recent polls show that 65% of experts now believe fusion could be cost-effective for grid use by 2035.

CEO Warrick Matthews highlighted the significance of global partnerships in achieving fusion energy, viewing the recent funding as an exciting opportunity for development.

Tokamak Energy aims to operate a pilot power plant by 2034, positioning itself among other fusion startups, although it trails behind leaders like Commonwealth Fusion Systems.