A fusion energy company backed by Google and Chevron is establishing a joint venture with the UK government’s atomic laboratory as it aims to commercialise elements of its technology for medical and industrial uses within two years.
US-based TAE Technologies, one of the world’s oldest private fusion ventures, has struck a deal with the UK Atomic Energy Authority, which will contribute £5.6mn in equity to the new venture, based in Oxfordshire.
While scientists say that reliable fusion power remains decades away, the neutral-beam technology it uses to keep superheated hydrogen fuel hot inside fusion devices has promising secondary applications such as cancer treatment.
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