Private UK company Tokamak Energy has signed a strategic collaboration with European green tech firm Gauss Fusion that will aim to advance transformative high temperature superconducting (HTS) magnets and accelerate commercial fusion technology.

Gauss Fusion is among the leaders in the industrialisation of fusion energy – having announced a series of tie ups with Italy, Spain, Germany, and France in July – while Tokamak Energy’s business division TE Magnetics has expertise in HTS technology.

The news coincided with Gauss Fusion unveiling its conceptual design report, which forecasts €15-18bn in costs to bring the first commercial fusion reactor by mid-2040s.

The news coincided with Gauss Fusion unveiling its conceptual design report, which forecasts €15-18bn in costs to bring the first commercial fusion reactor by mid-2040s. The report outlines a pathway from lab to power plant, including cryogenic systems for superconducting magnets, as well as how high- and low-temperature superconductors can be manufactured at scale.