OXFORDSHIRE, UK, Nov 5, 2025 – Tokamak Energy agreed an international partnership with King Abdulaziz City for Science and Technology (KACST) during the Future Investment Initiative in Riyadh. The agreement was signed by Tokamak Energy CEO Warrick Matthews and KACST president Dr. Munir Eldesouki.
The partnership aims to develop national capabilities in fusion energy technologies, including high temperature superconductors (HTS), through a series of projects.
Warrick said: “It’s an honour to partner with such a prestigious and well-respected national research and innovation institution. Our agreement with KACST increases our global presence and provides an exciting framework to work together on the development and application of ground-breaking fusion and HTS technologies in Saudi Arabia.”
The partners will explore potential collaboration in the following areas:
- Knowledge exchange via training programs to build competencies in the fields of plasma physics, fusion engineering, and related technologies
- Joint r&D, including conceptual design, to enable the construction and operation of future fusion energy infrastructure
- Exploration and application of advanced technologies, with a focus on HTS for various research and industrial applications, including power distribution
- Enhancing scientific dialogue and partnerships to build a fusion energy ecosystem in Saudi Arabia
Source: Tokamak Energy
About Tokamak Energy
Tokamak Energy, founded in 2009 as a spin-off from the UK Atomic Energy Authority, is a private company headquartered in Milton Park, Oxfordshire, UK. Specializing in the development of compact spherical tokamaks and high-temperature superconducting (HTS) magnets, the company aims to deliver commercially viable fusion energy solutions. Serving industries focused on clean energy and advanced scientific research, Tokamak Energy has achieved significant milestones, including operating the ST40 tokamak, that reached plasma temperatures exceeding 100 million degrees Celsius in 2022. In addition to its fusion energy endeavors, the company collaborates on projects utilizing HTS magnet technology for various applications, such as silent marine propulsion systems. As of 2024, Tokamak Energy employs over 260 individuals. The company has raised substantial funding, including $250 million by 2022, to support its innovative research and development efforts.
About KACST
King Abdulaziz City for Science and Technology, based in Riyadh, Saudi Arabia, is the national agency for science, technology, and innovation. Founded in 1977, it conducts applied research, supports technology commercialization, and provides policy and consulting services in sectors such as health, energy, environment, and advanced industry. The organization develops innovation hubs, incubators, and technology parks to help build national capabilities and support entrepreneurs, industries, and government agencies. It also coordinates national research priorities, promotes partnerships, and advances technology localization. KACST’s estimated annual revenue is about $35M.