From fusion innovation
to commercial impact
From fusion innovation
to commercial impact
About us
Tokamak Energy is a commercial superconducting and fusion energy technologies company.
Founded in 2009 as a spin-out from UK Atomic Energy Authority, we have pursued a two-track strategy: advancing fusion science while developing world-leading high temperature superconducting (HTS) capabilities.
Today, those capabilities are being applied across multiple sectors. We are working with partners to develop and deploy HTS technologies for applications including power distribution, life sciences, propulsion, motors and generators, advanced manufacturing, and fusion energy.
We operate through three integrated businesses: TE Magnetics, Ridgway Machines and Fusion.
Tokamak Energy is home to more than 300 employees with world-class scientific, engineering and commercial expertise. We hold more than 300 live patents and have raised $335 million in investment.
TE Magnetics
Commercialising HTS technologies
TE Magnetics is Tokamak Energy’s HTS business division, established in 2024 to commercialise the company’s high-temperature superconducting (HTS) technologies. We work with industrial partners across multiple markets, including data centre power systems, life sciences, advanced propulsion, fusion energy, and motors and generators, to develop and deploy HTS-based magnet and power-distribution systems.
Building on more than a decade of innovation, we combine world-leading HTS expertise with advanced development and testing facilities to help partners bring commercial systems to market.
Our HTS technologies enable powerful, robust and compact magnet and power-distribution systems that unlock new levels of performance and efficiency across a range of demanding applications.
STEP Magnet Systems Partner
In 2026, we were selected as Magnet Systems Partner for the UK Government’s STEP fusion programme, with a £70 million contract through to 2029. We’re working with UK Fusion Energy (UKFE) to develop the HTS magnet system for the STEP prototype power plant.
Ridgway Machines
Industrial manufacturing at scale
Ridgway Machines, acquired by TE Magnetics in 2025, is a UK-based specialist engineering and manufacturing business with more than 100 years of experience and a global leadership position in precision taping, winding and insulation production machinery for the electrical and energy industries. The company plays a leading role in the industrial scale-up of HTS power-distribution and magnet systems.
Ridgway has supplied equipment to more than 2,000 customers in over 100 countries, supporting the manufacture of superconducting magnet and cable systems, electrical coils and conductors, reinforced thermoplastic pipe (RTP), thermoplastic composite pipe (TCP) and subsea umbilical cables.
Together, TE Magnetics and Ridgway Machines provide a direct pathway from HTS design and prototyping through to commercial scale-up, manufacturing and deployment.
Fusion
Advancing fusion technologies and expertise
Our Fusion business develops technologies, expertise and testbeds that support fusion energy programmes around the world.
At the heart of this is ST40, the world’s highest field spherical tokamak, which serves as a testbed for the development of next-generation fusion technologies through public-private partnerships.
ST40 is currently undergoing a $52 million upgrade programme in partnership with the U.S. Department of Energy and the UK Department for Energy Security and Net Zero with the aim of advancing key fusion technologies, including lithium systems and RF heating.
We also provide fusion design, engineering and operational expertise to governments, research organisations and industry partners, helping to accelerate the development and commercialisation of fusion energy.
Our track record
We have an unrivalled track record in developing HTS technologies and magnetic confinement fusion, covering design, build and operation.
2019
World-record 24 Tesla field at 20 Kelvin with patented HTS magnet technology

2017
World’s highest magnetic field spherical tokamak (ST40) designed, built and in operation

2015
First HTS tokamak sustained pulse for >24 hours (ST25 HTS)

Global presence
Tokamak Energy Inc., U.S.A.
Tokamak Energy K.K., Japan
Partnerships
Developing fusion energy and HTS technology at scale can only be achieved through collaboration. We work with leading organisations across government, industry, academia, and the scientific community to advance fusion science, accelerate HTS innovation, and unlock applications for superconducting technologies around the world.

U.S. Department of Energy
Tokamak Energy has partnered with the U.S. DOE and the UK Department for Energy Security and Net Zero (DESNZ) on LEAPS (Lithium Evaporations to Advance PFCs in ST40), a joint $52 million upgrade programme for our ST40 tokamak, with the aim of advancing key fusion technologies for future power plants.

UK Department for Energy Security and Net Zero
DESNZ is a key partner in LEAPS, the joint UK-US programme supporting a $52 million upgrade of our ST40 tokamak to advance critical fusion technologies and capabilities. This strengthens the UK-US fusion partnership and leadership in the commercialisation of fusion energy.

UK Fusion Energy (UKFE)
Tokamak Energy has been selected as the Magnet Systems Partner for the UK Government’s STEP Fusion prototype power plant programme under a £70 million contract running to 2029. Working with UK Fusion Energy (UKFE), we are developing the HTS magnet system for STEP and providing specialist tokamak expertise.

Furukawa Electric Group
Furukawa Electric is a strategic partner, investor, and one of the world’s leading suppliers of HTS tape. Together, we are advancing the commercial deployment of HTS technologies across multiple sectors, as well as exploring future manufacturing opportunities in Japan and the UK.

General Atomics
Tokamak Energy and General Atomics are collaborating to advance HTS magnet technology for industrial applications. The partnership combines General Atomics’ expertise in large-scale magnet manufacturing with Tokamak Energy’s pioneering HTS capabilities to accelerate the development and deployment of next-generation HTS systems.

Princeton Plasma Physics Laboratory (PPPL)
Through a cooperative research and development agreement, PPPL physicists contribute to ST40 operations and research on an ongoing basis. PPPL is also a major partner in LEAPS, the joint UK-US ST40 upgrade programme.

Oak Ridge National Laboratory (ORNL)
ORNL is a major partner in LEAPS, the joint UK-US ST40 upgrade programme. Collaborative projects have included advanced fuel delivery systems, non-inductive plasma current sustainment, and the development of materials and coatings for future fusion power plants.

The University of Tokyo
Tokamak Energy and The University of Tokyo have a long-standing research relationship centred on spherical tokamak plasmas and magnetic reconnection. Areas of collaboration have included merging-compression physics, ion heating, advanced diagnostics, and high-fidelity modelling for future fusion devices.

Kyoto Fusioneering
Tokamak Energy has an ongoing partnership with Kyoto Fusioneering focused on advancing fusion technologies, including gyrotron systems for radio-frequency heating. Tokamak Energy has also been selected to provide design expertise and technology for Japan’s FAST prototype fusion project, led by Starlight Engine.

King Abdulaziz City for Science and Technology (KACST)
Tokamak Energy and KACST have established a strategic partnership to support the development of fusion energy and HTS technologies in Saudi Arabia. The collaboration aims to build national capabilities through future research, knowledge-sharing, and technology development.

Gauss Fusion
Tokamak Energy and Gauss Fusion have a strategic collaboration focused on accelerating the commercialisation of fusion energy. The partnership brings together complementary expertise to advance HTS magnet technologies, support European fusion development, and help build the industrial capabilities needed for fusion energy.

UK Infinity Consortium
Tokamak Energy is a founding member of the UK Infinity Fusion Consortium, led by Type One Energy and including AECOM. The consortium aims to develop the UK’s first privately led commercial fusion power plant, combining stellarator technology, advanced HTS magnets, and UK manufacturing capability.






























