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Today’s Highlights:
🔝Top Story: Tokamak Energy Secures $125M to Accelerate Fusion Energy Commercialization and Expand HTS Magnet Technology.
💲Investment: Extantia Capital raises €204M, Ample secures $25M for EV battery-swapping, and Four Growers raises $9M to scale its robotic harvester, advancing sustainability across energy, mobility, and agriculture.
🔬 Innovation: University of Surrey researchers achieve 23% efficiency in lead-tin perovskite solar cells, while a study on CO2 removal reveals only minerals with water can react with CO2.
🔄 Integration: Enel’s 2025-2027 plan allocates €43bn for grid and renewables, Ariadne’s brief highlights five challenges for Germany’s renewable transition, and 30+ countries endorse the COP29 methane reduction declaration.
💡 Intelligence: Evaluating Canada’s Pledge to Triple Nuclear Capacity.
Today’s Top Story: Tokamak Energy Secures $125M to Accelerate Fusion Energy Commercialization and Expand HTS Magnet Technology
Image Credit: Tokamak Energy
Funding to Advance Fusion and HTS Technology
Tokamak Energy has raised $125 million in a funding round co-led by East X Ventures and Lingotto Investment Management, with participation from new investors including Furukawa Electric Company and British Patient Capital. This investment brings the company’s total funding to $335 million since its inception, supporting its mission to develop fusion energy and commercialize its High Temperature Superconducting (HTS) magnet technology through its TE Magnetics division.
Driving Fusion Innovation and Energy Transition
The funding will fuel the development of Tokamak Energy’s fusion pilot plant and enhance its record-breaking ST-40 spherical tokamak, which has achieved a plasma ion temperature of 100 million degrees Celsius. The company aims to tackle climate change and energy security by advancing fusion energy as a clean, limitless power source while scaling TE Magnetics to address demand in fusion and other industries like mobility, renewable energy, and scientific research.
Strategic Partnerships for Global Impact
New investors, including Furukawa Electric and Sabanci Climate Ventures, emphasize the strategic importance of Tokamak Energy’s fusion and HTS technologies. With its leadership in the U.S. Department of Energy’s Milestone-Based Fusion Development Program, Tokamak Energy is positioned at the forefront of global fusion innovation, forging partnerships to drive a sustainable energy transition and develop transformative applications for HTS magnets across diverse industries. Read More
Investment Highlights of the Day
- Extantia Capital closes €204M Article 9 flagship fund, backed by global institutional investors, and highlights a shift from “green premium” to “green discount” as technologies like heat pumps and energy storage become cost-competitive solutions with immediate financial benefits. Read More
- Ample secures $25M from Mitsubishi to scale EV battery-swapping technology, leveraging Mitsubishi’s mobility and energy expertise to accelerate sustainable solutions. Read More
- Four Growers raises $9M Series A to scale its GR-100 robotic harvester, which offers 5x faster picking speeds and 98% ripeness accuracy, addressing labor shortages and food waste in the $40B indoor farming market. Read More
Innovation Highlights of the Day
- Researchers at the University of Surrey achieve over 23% efficiency in lead-tin perovskite solar cells, improving power conversion and extending lifespan by 66%, paving the way for more durable and efficient renewable energy solutions. Read More
- A study on CO2 removal using basalt, olivine, serpentine, and other minerals shows that only those with water present were able to react with CO2, while water alone did not sequester any measurable CO2 in the given timeframe. Read More
Integration Highlights of the Day
- Enel’s 2025-2027 Strategic Plan allocates €43bn to expand grid networks and renewable energy, with a focus on Europe and Latin America, while committing to close coal plants by 2027 and achieve zero emissions by 2040. Read More
- Ariadne’s policy brief highlights five key challenges Germany must address, including renewable energy expansion and security of supply, to transition to a 100% renewable electricity system, proposing 18 actions for future market design. Read More
- Over 30 countries, including major methane emitters, have endorsed the COP29 Declaration on Reducing Methane from Organic Waste, committing to target food waste in their Nationally Determined Contributions to tackle the global methane emissions crisis. Read More
Climate Insider Intelligence: Evaluating Canada’s pledge to triple nuclear capacity
As the COP29 climate talks unfold, Canada’s commitment to triple its nuclear power capacity by 2050 stands as a pivotal moment in the country’s energy transition. In this OpEd, Nicholas Palaschuk highlights that nuclear energy is essential for achieving net-zero emissions, urging the government to turn ambition into decisive action. From regulatory advancements to growing private sector confidence, the stakes are high—and Canada must lead with clear priorities to secure its nuclear future. Read more about Canada’s nuclear energy strategy and the global momentum behind it.
