Slaughter and May advised Tokamak Energy on its recent funding round of approximately $125 million.
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.
Tokamak Energy was founded in 2009 as a spin-off from the UK Atomic Energy Authority. It is the only private fusion company with over a decade of experience developing the two technologies that offer the most efficient and commercially attractive route to fusion energy: the compact spherical tokamak and high temperature superconducting (HTS) magnets.
The investment round will support the rapid growth of its HTS business division TE Magnetics and advance the company’s leading fusion pilot plant design programme. It will also support the development of new fusion technologies using Tokamak Energy’s record-breaking high field spherical tokamak ST40.
Slaughter and May worked closely with Tokamak Energy’s General Counsel, Christian Lowis.