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Fusion startup Tokamak Energy attracts $125M for its egg-like reactor design
Startups pursuing fusion power have benefitted from AI's insatiable thirst for electricity.
As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been plowing money into nuclear fusion, the pie-in-the-sky technology that appears to be inching its way toward commercial viability. The company announced Tuesday that it had raised $125 million to continue development of the reactor design and expand its TE Magnetics division. The company has raised a total $275 million from private investors, including this week’s raise, which was led by East X Ventures and Lingotto Investment Management, which manages the Agnelli family fortune, with participation from British Patient Capital, BW Group, Furukawa Electric Company, and Sabanci Climate Ventures.
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