Energy & Science
Billionaires Chasing Fusion Energy Face a Credibility Test
Tokamak Energy sees fewer credible technologies than companies raising money from investors
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Jeff Bezos, Bill Gates and Peter Thiel beware. There could be a shakeup on the horizon among the billionaire-backed companies trying to replicate the energy source of the sun and stars.
That’s the assessment of Jonathan Carling, the chief executive officer of Tokamak Energy Ltd., the U.K. company backed by Swiss billionaire Hans-Peter Wild which is promising investors it will connect a fusion reactor to the power grid in a decade. He sees the market thinning as competing designs are likely to prove technically unfeasible.