The Tokyo Metropolitan Government has recently selected Tokamak Energy for an award under its GX (Green Transformation) Foreign Company Entry Support Program. The scheme run by the Japanese capital was established six years ago to attract and support companies with high technological capabilities pioneering GX-related solutions.
Tokamak Energy, which incorporated a subsidiary company in Japan earlier this year, was recognised for its world-leading advances in transformative fusion energy and high temperature superconductors. It is one of seven new awardees – from 59 entrants in 20 countries – selected as part of a drive to create innovation through collaboration and expand Tokyo’s sustainability capabilities. “We’re delighted to be welcomed by Tokyo Metropolitan Government under its innovative international program,” said Ross Morgan, Tokamak Energy director of strategic partnerships. “Tokyo is the perfect city for developing both our fusion energy and high temperature superconducting (HTS) technology, and we look forward to exploring the range of exciting opportunities being part of this new collaboration will bring on our mission towards a future of clean, limitless energy.”
Tokamak Energy has built a wide network of government, commercial, scientific and academic partners in Japan in recent years, including with strategic investor Furukawa Electric, the University of Tokyo, Kyoto Fusioneering and Sumitomo Corporation. The company is part of Japan’s FAST (Fusion by Advanced Superconducting Tokamak) project which aims to demonstrate fusion-based electricity generation in the 2030s. It is a private-sector-led collaboration between industry and academia, led by newly formed Starlight Engine Ltd with support from experts in Japan and around the world. The project fits with the Japanese Government’s ‘Fusion Energy Innovation Strategy’, which sets a road map to commercialise fusion and achieve its decarbonisation goals. “We would like to extend our congratulations to Tokamak Energy on this recognition by the Tokyo Metropolitan Government,” said Kiyoshi Seko, CEO of Starlight Engine Ltd. “Our collaboration through the FAST project is an exciting endeavour, and together, with all our partners, we can accelerate the realisation of fusion energy.”
Tokamak Energy was founded in 2009 as a spin-off from UK Atomic Energy Authority and is headquartered near Oxford, UK. The company’s U.S. subsidiary, Tokamak Energy Inc., was established in 2019 and is one of eight companies selected by the Department of Energy for an award as part of its Milestone-Based Fusion Development Program. Born from a world-class fusion energy mission, Tokamak Energy’s new business division TE Magnetics is leading the development and deployment of HTS technology. In collaboration with key manufacturing partners, it aims to become the leading supplier of HTS technology for applications including science, fusion, renewable energy and water, land, air and space propulsion. For more info, visit www.tokamakenergy.com.
