Tokamak Energy and Switzerland’s Paul Scherrer Institute sign collaboration and license agreement
Tokamak Energy is pleased to announce that it has entered into a Collaboration and License Agreement with the Paul Scherrer Institute (PSI) for the use of Tokamak Energy’s proprietary non-insulated high temperature superconducting (HTS) magnet technology for use in PSI’s accelerator and beam line applications.
The magnet technology is based around the use of REBCO (Rare Earth – Barium – Copper Oxide) HTS tape and has been developed by Tokamak Energy as part of its mission to deliver fusion energy. The magnets developed are extremely robust, reliable and can be manufactured rapidly to high quality.
This is the first application of Tokamak Energy’s magnet technology outside its core application of fusion energy and is a further validation of the company’s position as one of the world leaders in the field.
The Paul Scherrer Institute plans to use this technology to develop a prototype Superbend magnet for a future beamline upgrade of the Swiss Light Source.
Jonathan Carling, CEO of Tokamak Energy said, “We are excited by the opportunity of working collaboratively with one of the world’s leading research establishments in PSI and seeing our unique magnet technology utilised in new applications. This is a further endorsement of our world leading magnet technology”
Bernhard Auchmann, project leader at PSI, said, “The NI coil technology of Tokamak Energy is innovative and incredibly robust. We want to show that it is the right choice for future upgrades of the Swiss Light Source. Collaborating with Tokamak Energy, and licensing their technology, will accelerate our R & D by years and help to lend credibility to our ambitious goals.”
About Paul Scherrer Institute
The Paul Scherrer Institute is the largest research institute for natural and engineering sciences within Switzerland. It develops, builds and operates large, complex research facilities and makes them available to the national and international research community. The institute’s own key research priorities are in the fields of matter and materials, energy and environment and human health.
About Tokamak Energy
Established in 2009, Tokamak Energy is a private company working to develop compact fusion power.
Tokamak Energy’s approach is to combine the new technology of high field-strength, high temperature superconducting magnets with the efficiency advantages of the spherical tokamak design, as pioneered at Culham and Princeton Laboratories.
The company is a spin-out from Culham Laboratory, the world-leading centre for magnetic fusion energy research. The company has raised over £118m to date from private investors including Dr. Hans-Peter Wild, L&G Capital and David Harding, CEO of Winton Capital.
Fusion energy will be a key part of a sustainable future, complementing renewables for electricity, hydrogen production, process heat for heavy industry, and desalination.
Tokamak Energy believes the world can have abundant energy without harming the planet.