Tokamak Energy aims to accelerate the development of fusion energy by combining two emerging technologies – spherical tokamaks and high-temperature superconductors. Tokamaks are the most advanced fusion concept in the world, but recent progress has been slow and we need to take an innovative approach to develop fusion faster. Their business model is based on agility and "open innovation" – working collaboratively with engineering companies, research laboratories and universities, whilst ensuring that they retain the ownership of crucial intellectual property.
Tokamak Energy grew out from Culham Laboratory, which is the world’s leading centre for magnetic fusion energy research and home to the world’s most powerful tokamak, JET, which produced 16MW of fusion power in 1997. Tokamak Energy is particularly focused on Spherical Tokamaks, pioneered at Culham, because these compact devices can achieve a much higher plasma pressure for a given magnetic field than conventional tokamaks, i.e. they are more efficient.
Theoretical calculations show that a Spherical Tokamak using high fields produced by HTS magnets could be significantly smaller than other fusion machines currently proposed.  For example, a compact ST power plant would have a volume up to 100 times smaller than ITER – the successor to JET currently being built in France at a cost of €15bn – so would be approximately room-sized rather than aircraft-hangar-sized.  This development creates such a substantial commercial opportunity that the company intends to focus its efforts and resources on developing a compact Spherical Tokamak fusion energy source to demonstrate net energy gain.
The Tokamak Energy team consists of world-leading fusion scientists from Culham Laboratory and an experienced CEO with a physics research background and twenty years of high-tech startup business experience.

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TypePrivate
HQMilton, GB
Size (employees)41 (est)
Websitetokamakenergy.co.uk
Tokamak Energy is headquartered in Milton, GB
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Key People/Management at Tokamak Energy

Jonathan Carling

Jonathan Carling

CEO
David Kingham

David Kingham

Executive Vice Chairman
Mikhail Gryaznevich

Mikhail Gryaznevich

Chief Scientist
Paul Noonan

Paul Noonan

R & D Director
Rachel Wall

Rachel Wall

Financial Controller
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Tokamak Energy Office Locations

Tokamak Energy has an office in Milton
Milton, (HQ)
Milton Park, Abingdon, Oxfordshire OX14 4RN, UK
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Tokamak Energy Financials and Metrics

Summary Metrics

Tokamak Energy total Funding

$274.9 k

Tokamak Energy latest funding size

$274.90 k

Time since last funding

8 years ago

Tokamak Energy investors

Tokamak Energy's latest funding round in March 2011 was reported to be $274.9 k. In total, Tokamak Energy has raised $274.9 k
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Tokamak Energy Revenue

Tokamak Energy's revenue was reported to be £256.53 k in FY, 2017
GBP

Net income (FY, 2018)

(7.0m)

EBITDA (FY, 2018)

(9.0m)

EBIT (FY, 2018)

(9.0m)

Cash (31-Mar-2018)

1.3m
GBPFY, 2011FY, 2012FY, 2017FY, 2018

Revenue

96.4k256.5k

Cost of goods sold

87.8k216.7k

Gross profit

8.7k39.8k

Gross profit Margin, %

9%16%
GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

103.6k356.9k408.1k1.3m1.3m1.2m2.4m1.3m

Accounts Receivable

32.2k170.3k471.3k627.2k1.1m

Current Assets

114.9k438.3k578.4k1.8m2.0m2.4m5.4m3.7m

PP&E

68.8k8.2k37.0k33.4k22.3k8.3k12.5k
GBPFY, 2011FY, 2012FY, 2017FY, 2018

Net Income

(61.6k)(133.3k)(6.5m)(7.0m)

Cash From Operating Activities

(8.8m)(5.6m)

Cash From Financing Activities

10.0m4.5m

Net Change in Cash

1.2m(1.1m)
GBPY, 2018

Financial Leverage

1.6 x
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Tokamak Energy Online and Social Media Presence

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Tokamak Energy Blogs

Professor Laurence Williams to Chair new Regulatory and Safety Committee

Tokamak Energy is delighted to announce the appointment of Professor Laurence Williams OBE FREng FIMechE FNucI as Chair of its new Regulatory and Safety Committee. Professor Williams is an Emeritus Professor in Nuclear Safety and Regulation and is currently a Senior Research Investigator at Imperial…

BBC: How ‘miniature suns’ could provide cheap, clean energy

We’re just five years away from harnessing almost unlimited power from “miniature suns”, some start-ups say: nuclear fusion reactors that could provide abundant, cheap and clean energy. In a world of global warming caused by our addiction to fossil fuels, there is an urgent need to find sustainable …

The Times: Didcot was hottest place in solar system

For a moment in the summer, the hottest place in the solar system was just north of Didcot, off junction 13 of the M4, where a ball of plasma flashed hotter than the centre of the sun. It was not only unlikely for south Oxfordshire; it also rekindled hopes of a breakthrough that physicists have […]

27th IAEA Fusion Energy Conference (FEC)

The International Atomic Energy Agency (IAEA) fosters the exchange of scientific and technical results in nuclear fusion research and development through its series of Fusion Energy Conferences. The 27th IAEA Fusion Energy Conference (FEC 2018) aims to provide a forum for the discussion of key physi…

30th Symposium on Fusion Technology (SOFT)

The biennial Symposium on Fusion Technology is the most important conference in this field in Europe. It regularly attracts more than 800 scientists, engineers, industry representatives and exhibitors from all over the world and focuses on the latest developments on fusion experiments and activities…

23rd Joint EU-US Transport Task Force Meeting (TTF)

The topics covered at the TTF address all aspects of transport in a magnetically confined fusion device: Neoclassical, turbulent and MHD induced transport. SOL, pedestal, core. Measurements, experiments, modelling, theory. http://www.psft.eu/ttf2018/ Attendee: Mikhail Gryaznevich

Tokamak Energy Company Life and Culture

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Tokamak Energy Frequently Asked Questions

  • Who are Tokamak Energy key executives?

    Tokamak Energy's key executives are Jonathan Carling, David Kingham and Mikhail Gryaznevich.

  • How many employees does Tokamak Energy have?

    Tokamak Energy has 41 employees.

  • Who are Tokamak Energy competitors?

    Competitors of Tokamak Energy include TerraPower, Orano and TAE Technologies.

  • Where is Tokamak Energy headquarters?

    Tokamak Energy headquarters is located at Milton Park, Abingdon, Oxfordshire OX14 4RN, UK, Milton.

  • Where are Tokamak Energy offices?

    Tokamak Energy has an office in Milton.

  • How many offices does Tokamak Energy have?

    Tokamak Energy has 1 office.