Thursday 23 November 2017

Oxford venture fund invests in nuclear fusion

An investment company set up to support scientists from Oxford University has bought a stake in an innovative nuclear power firm.

Oxford Sciences Innovation (OSI) has invested in First Light Fusion, which is researching energy generation via inertial confinement fusion.

Developers say the technology could produce vast amounts of electricity in a safe and clean way using raw materials that can be found in abundance, making it preferable to current nuclear technologies.

Nick Hawker, Co-Founder and Chief Executive Officer of First Light Fusion, said: "We are looking forward to working with OSI.

"In the vibrant Oxford scientific landscape, their ambition and drive stand out. Developing the ultimate source of energy will need plenty of both."

Google entered the race for nuclear fusion technology earlier this year.