Tokamak Energy has been named Magnet Systems Partner for the UK’s STEP Fusion programme, strengthening efforts to develop next-generation low-carbon energy.
The £70m contract awarded by UK Fusion Energy (UKFE) will see Tokamak Energy deliver advanced magnet systems critical to enabling fusion power, a potential zero-emissions energy source.
Through its TE Magnetics division, the company will design, manufacture and test high temperature superconducting magnets, supporting the integration of plasma systems and accelerating development timelines.
Fusion technology offers the prospect of abundant, low-carbon electricity with minimal environmental impact, positioning the UK at the forefront of long-term decarbonisation.
The partnership will also leverage Tokamak Energy’s ST40 tokamak and Demo4 magnet system to test performance under realistic conditions, reducing technical risk and supporting faster innovation.
Warrick Matthews, Tokamak Energy CEO, said: “Confirming our position in the UK’s world-leading fusion programme is a proud day for Tokamak Energy. HTS magnets are a transformative technology essential for delivering energy-producing fusion devices like STEP and unlocking new levels of performance in other sectors.
“Our expertise and experience include operating two of the most advanced fusion machines of today and will be invaluable as we scale up in partnership towards a low carbon, secure energy future.”
Dan Bishop, Chief Commercial Officer at UKFE, said: “This partnership is about delivering together. Tokamak Energy brings the complementary skills, facilities and experience to move at pace. Our mission to deliver the STEP programme objectives is enhanced by this partnership.”
Copyright © 2026 Energy Live News LtdELN