Portfolio news

Tokamak Energy named Magnet Systems Partner for STEP Fusion programme - Tokamak Energy

Tokamak Energy has been confirmed as the Magnet Systems Partner for the UK’s STEP Fusion programme, announced at Fusion Fest in London on 14 April. UK Fusion Energy (UKFE) awarded the £70 million contract covering the period up to March 2029 after Tokamak Energy was identified as the leading UK-based manufacturing expert with the specialist […]

Britain to lead the global race for fusion energy to deliver lasting energy security | UKAEA Fusion Energy

Government sets out its vision for developing a commercial fusion industry in the UK that will deliver skilled jobs, investment and growth.

Tokamak Energy to advance next-gen submarine programme - MM Media

Tokamak Energy has been contracted by General Atomics to provide critical high temperature superconducting (HTS) magnet technology for a next-generation US Undersea Magnetohydrodynamic Pumps. Launched in 2023, the Defense Advanced Research Project Agency (DARPA)’s Principles of Undersea Magnetohydrodynamic Pumps (PUMP) programme was initiated with a view to creating novel electrode mater ...

Figure reaches $39B valuation in latest funding round | TechCrunch

Figure said the funding will be used to scale the company’s fleet of humanoid robots, build the necessary infrastructure to accelerate robot training, and launch advanced data collection efforts.

Tokamak Energy and Furukawa Electric Group advance partnership toward limitless fusion energy - Tokamak Energy

Tokamak Energy and Furukawa Electric Group have agreed to establish a joint operational base in Japan to manufacture critical fusion energy power plant magnet technology. It follows an international partnership between the UK and Japanese governments to collaborate on fusion energy, the power of the stars.

Nu Quantum Launches First Datacentre-Compatible Quantum

Nu Quantum launches a rackmounted Quantum Networking Unit enabling entanglement distribution between quantum processors for scalable datacentres.

ToffeeX Named Among UK’s Top Start-ups - ToffeeX

Discover why ToffeeX, the leader in physics-driven generative design, has been named to the prestigious Startups 100 Index for 2025.

Tokamak Energy raises $125m to commercialise transformative fusion and magnet technologies - Tokamak Energy

Tokamak Energy has raised $125 million to accelerate ambitious plans to commercialise fusion energy and grow its transformative high temperature superconducting (HTS) technology solution, TE Magnetics. The round was co-led by East X Ventures and Lingotto Investment Management with participation from new investors including Furukawa Electric Company, British Patient Capital, global maritime company BW Group and U.S.-based Sabanci Climate Ventures.

Cultured meat startup Higher Steaks nabs $30M and rebrands as Uncommon | TechCrunch

Cultivated meat startup Higher Steaks has raised $30 million and revealed that it's changing its name to Uncommon.

Bill Gates-backed fusion firm files license for 350 MWe power plant

This marks the start of the regulatory process to build a fusion power plant at the retired Bull Run fossil plant site.

REGENT Begins Sea Trials of First Passenger-Carrying Seaglider | REGENT

REGENT Craft reveals the first full-scale seaglider prototype, a novel high-speed maritime vessel that connects coastal destinations.

New research to investigate recovery of rare earth elements from Ascension Island

Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding

Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human.

Tokamak Energy: ‘We’ll have fusion energy by 2034’

A fusion energy pilot plant will be up and running in ten years, says Tokamak Energy chairman Chris Martin.