Type One Energy, Tokamak Energy and AECOM collectively pursue the first private-sector-led fusion power plant in the UK.
The companies intend to develop a fusion project that is commercially credible, deployable using existing enabling technologies and capable of attracting private capital.
The partners are all members of the Sustainable Markets Initiative, a global CEO-led network founded by His Majesty King Charles III with the mandate to lead the private sector in accelerating the transition to a sustainable economy.
The group says it combines Type One Energy’s 400MWe Infinity Two stellarator fusion power plant design, AECOM’s leading engineering capabilities and Tokamak Energy’s HTS magnet technology and manufacturing expertise in the UK.
It will develop a UK Infinity Two fusion power plant project that will include participation by the broader UK fusion value chain, spanning construction, finance, offtake and other supply chain partners.
The aim is to build on the UK’s significant investment in magnetic confinement fusion technology, supply chain capabilities, regulation, and power plant siting for the government’s STEP Fusion programme.
It also intends to capitalise on the synergy and experience gained from the first-of-a-kind Infinity Two fusion power plant project at the Tennessee Valley Authority’s Bull Run site in the US, which is targeted for commercial operation in 2034.
Extracted from IOM3 website, read more here