UK-based Tokamak Energy has announced plans to work with Japan’s Sumitomo Corporation on the development, implementation and scaling-up of commercial fusion energy “in Japan and worldwide”.
The new partnership will see Sumitomo – a multinational company with interests ranging from construction to chemicals – contribute expertise and investment to a series of joint projects with Tokamak Energy focused on the scaling-up and industrialisation of the global fusion supply chain.
They will jointly develop early market strategies for Tokamak Energy’s fusion technology in Japan and other nations. “The ultimate aim for both organisations is to jointly design, build and operate fusion power plants at scale,” Tokamak Energy said in a statement.