Tokamak Energy has formed TE Magnetics to commercialize its superconducting magnet technology beyond fusion, targeting renewable energy and transport applications.
The new division aims to generate £8 million in revenue by next year and grow to £300 million by the decade's end.
Superconducting magnets can create powerful magnetic fields, driving advancements in medical diagnostics and defense, as well as pushing new market opportunities.
Applications for TE Magnetics span from renewable energy to innovative propulsion systems, potentially revolutionizing science and technology sectors.
#nuclear-fusion #superconducting-magnets #renewable-energy #commercialization #propulsion-technologies
Collection
[
|
...
]