• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

British nuclear fusion pioneer wipes millions off its value after quitting reactor plans

April 27, 2025
in Technology & Startups
Reading Time: 3 mins read
A A
0
9
SHARES
20
VIEWS
Share on FacebookShare on Twitter


First Light Fusion in Oxford
First Light instead plans to supply nuclear power companies with its amplifier technology, which boosts the power of fusion reactions – John Lawrence

A UK nuclear fusion company has suffered a massive write-down in its value after pulling the plug on plans to build its first reactor.

First Light Fusion, based in Oxford, has seen 60pc wiped off the price of shares after one of its key backers, IP Group, slashed the company’s price tag from £236m a year ago to £100m.

It comes after the nuclear group abandoned plans for a prototype power plant based on its “projectile fusion” technology because of a lack of funding.

The technology involves a 5p-sized projectile being fired at a fuel cell at extreme speeds using electromagnets to generate a powerful reaction and simulate collisions at extremely high speeds, such as those in space.

Instead of building its own plant, First Light plans to supply other nuclear power companies with one of its inventions, called an “amplifier”, which houses a nuclear fuel capsule and boosts the power of fusion reactions.

The group has burned through tens of millions of pounds trying to bring its technology to fruition.

Fusion technology has been seen as the “holy grail” of nuclear scientists for decades, who believe that by fusing atoms together they can mimic the processes that produce energy at the centre of the sun, providing limitless power on Earth.

But the technology has eluded Western scientists for decades despite billions of dollars in research.

In January, the Government announced £410m in funding for fusion research with a view to the UK developing a working prototype fusion power plant by 2040.

However, China has recently claimed a series of fusion breakthroughs in the technology. Its experts were able to generate an “artificial sun”, with temperatures at over 100 million degrees Celsius, for 17 minutes using one of its reactors, double the previous record.

Beijing is also building a vast, experimental laser-fusion plant, which will use lasers to heat nuclear fuel to generate a reaction.

Last year, the Fusion Industry Association, the industry trade body, warned that the UK “risks ceding dominance in one of the most important industries this century” to Beijing.

In its accounts, IP Group said First Light Fusion “continues to pursue alternative funding options”. It said it expected to “announce developments soon on that front”.

The decision to ditch its original plan will allow First Light Fusion to be more “capital light”, the nuclear group said in March, while licensing its inventions would generate more revenues. The company said it had recently secured the first tranche of a new funding round.

Mark Thomas, First Light Fusion’s chief executive, said: “We have been very pleased with the response to our strategy pivot, moving to an enabler of inertial fusion while rapidly accelerating revenues.

Tags: First Lightfusion reactionsfusion researchFusion technologynuclear fuelnuclear groupnuclear power
Previous Post

TikTok tricks; U.S. ban on artificial food dyes: CBC’s Marketplace Cheat Sheet

Next Post

Qatar hints at progress in Gaza truce talks as UN urges lifting of blockade

Related Posts

LNG freight rates hit 8-mth top on tight tanker availability, Mideast conflict

June 24, 2025
7

US crude oil futures fall over $3 as Trump announces Israel-Iran ceasefire

June 23, 2025
1
Next Post
Qatar hints at progress in Gaza truce talks as UN urges lifting of blockade

Qatar hints at progress in Gaza truce talks as UN urges lifting of blockade

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Police ID man who died after Corso Italia fight

December 23, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Dog trainer, girlfriend covered up deaths of 11 dogs, police say.

Dog trainer, girlfriend covered up deaths of 11 dogs, police say.

June 24, 2025

Trump says Israel and Iran came to him and said ‘Peace!’

June 24, 2025
Israel’s skies closed to planes until further notice, Israel Airports Authority

Israel’s skies closed to planes until further notice, Israel Airports Authority

June 24, 2025

LNG freight rates hit 8-mth top on tight tanker availability, Mideast conflict

June 24, 2025

Recent News

Dog trainer, girlfriend covered up deaths of 11 dogs, police say.

Dog trainer, girlfriend covered up deaths of 11 dogs, police say.

June 24, 2025
5

Trump says Israel and Iran came to him and said ‘Peace!’

June 24, 2025
5
Israel’s skies closed to planes until further notice, Israel Airports Authority

Israel’s skies closed to planes until further notice, Israel Airports Authority

June 24, 2025
4

LNG freight rates hit 8-mth top on tight tanker availability, Mideast conflict

June 24, 2025
7

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Dog trainer, girlfriend covered up deaths of 11 dogs, police say.

Dog trainer, girlfriend covered up deaths of 11 dogs, police say.

June 24, 2025

Trump says Israel and Iran came to him and said ‘Peace!’

June 24, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co