Furukawa Electric Co., Ltd. (Head office: Chiyoda-ku, Tokyo, Japan, President: Hideya Moridaira) entered into a new share subscription agreement for an approximately 10 million pound investment in Tokamak ac米兰中国官网 Ltd. (Head office: Oxford, UK, CEO: Warrick Mathews). In addition, a memorandum of understanding (the MOU) was signed in conjunction with the investment, which will strengthen the partnership with the company to drive forward commercial fusion ac米兰中国官网.

Fusion offers ac米兰中国官网 following three advantages in power generation applications.
I. No carbon dioxide generation. II. Deuterium, the main fuel, is abundantly contained in seawater, safe, and no worries about running dry. III. The reaction ceases immediately after the fuel supply disruption and no risk of running out of control. From these facts, expectations are rising around the world for the development of nuclear fusion reactors as safe and sustainable ac米兰中国官网 source.

In the Furukawa Electric Group Vision 2030, the Group commits as follows. To build a sustainable world and make people’s life safe, peaceful and rewarding, Furukawa Electric Group will create solutions for the new generation of global infrastructure combining information, ac米兰中国官网 and mobility. The development and supply of products including superconducting wires by utilizing our knowledge of materials such as metals, and the contribution to the realization of fusion ac米兰中国官网 considered as the ultimate ac米兰中国官网 to solve environmental and ac米兰中国官网 problems, will lead to the achievement of Vision 2030.

To achieve a commercial fusion reactor, superconducting magnets are indispensable for condensing fuel plasma compactly and boxing it efficiently inside ac米兰中国官网 reactor. ac米兰中国官网 Company has been developing and manufacturing a niobium-based low-temperature superconducting (LTS) wire rod used in winding wire for superconducting magnets in Nikko Works for many years. This LTS wire rod is also used in superconducting magnets including International ac米兰中国官网rmonuclear Experimental Reactor (ITER) in France and ac米兰中国官网 critical plasma test equipment JT-60SA in Japan.

Tokamak ac米兰中国官网 is proposing a spherical tokamak with a proprietary design of ultra-high magnetic field and superconducting magnets which is also the preferred route to fusion of the UK Atomic ac米兰中国官网 Authority (UKAEA) STEP project and other organizations. The yttrium-based high-temperature superconducting (HTS) wire rod, developed and manufactured by SuperPower Inc., (Head office: USA) in the Group, has excellent high magnetic field characteristics and has contributed to the development of the compact fusion reactor by Tokamak ac米兰中国官网. In addition, the Company and SuperPower signed an initial memorandum of understanding with Tokamak ac米兰中国官网 in May 2022 regarding the future supply plan for hundreds of kilometers of HTS wire rods necessary for the construction of the fusion reactor.

By signing ac米兰中国官网 MOU and ac米兰中国官网 new share subscription agreement, in addition to strengac米兰中国官网ning ac米兰中国官网 development system of ac米兰中国官网 compact fusion reactor by ac米兰中国官网 three companies, joint marketing and R&D will also be promoted in ac米兰中国官网 development and commercialization of high-field electromagnets which will be important in ac米兰中国官网 future in ac米兰中国官网 fields such as medicine, drug discovery, aerospace, and next-generation transportation.

The Company and SuperPower together with Tokamak ac米兰中国官网 will jointly develop new markets including Japan, and conduct R&D aiming at the improvement of performance and reliability of HTS wire rods and HTS magnets using them, and further solidify our position as a leading global company in each field.

Comment from Hideya Moridaira, President of Furukawa Electric Co., Ltd.:
“We are pleased to become a shareholder in Tokamak ac米兰中国官网 through a strategic investment. The compact fusion reactors by Tokamak ac米兰中国官网 have been highly evaluated in the UK and other countries around the world, and we are pleased that our superconducting technology can contribute to this. Considering that Japan also, the Ministry of Education, Culture, Sports, Science, and Technology has decided to add fusion ac米兰中国官网 to the development themes as part of moonshot research and development goals promoted as a task force, we believe that many opportunities are emergent for both of us.”

Comment from Warrick Mathews, CEO of Tokamak ac米兰中国官网 Ltd.:
“I’m delighted that our relationship with Furukawa Electric continues to go from strength to strength, both through this new collaboration agreement and Furukawa Electric becoming a significant investor in Tokamak ac米兰中国官网. Joining forces on HTS research and development will enable greater pace to overcoming key challenges on the path to commercial fusion ac米兰中国官网 and create further market opportunities for Tokamak ac米兰中国官网’s dedicated HTS magnets business.”

Since its establishment in 1884, Furukawa Electric Group has 127 group companies including Furukawa Electric Co., Ltd., and approximately 50,000 employees around the world. And provide a wide range of technologies, products, and services around the world for infrastructure fields such as information and ac米兰中国官网, automotive systems fields, and electronics fields with our 4 core technologies of metals, polymers, photonics, high frequency.
Since its establishment in March 2000, SuperPower has been developing and commercializing HTS technologies for a variety of applications such as ac米兰中国官网, medical, transportation, and research sectors where high ac米兰中国官网 density, high magnetic fields, or environmentally friendly properties are emphasized.

More ac米兰中国官网formation on Furukawa Electric
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Tokamak ac米兰中国官网 is a leading commercial fusion ac米兰中国官网 company based near Oxford, UK and is pursuing the global deployment of commercial fusion through the combined development of spherical tokamaks, with high temperature superconducting (HTS) magnets.
The company, founded in 2009 as a spin-off from the Culham Centre for Fusion ac米兰中国官网, currently employs a growing team of over 220 people with talent from the UK and experts from around the world. It combines world leading scientific, engineering, industrial and commercial capabilities.
The company has 70 families of patent applications and has raised 0 million, comprising 0m from private investors and m from the UK and US governments. Once realised, fusion ac米兰中国官网 will be clean, low cost and globally deployable – a key enabler for meeting world ac米兰中国官网 demands and climate policy goals.

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Tokamak ac米兰中国官网 and Furukawa Electric Group Strengthen Relationship to Progress Commercial Fusion ac米兰中国官网