He built a fortune on the lunchbox favourite Capri Sun and now one Swiss billionaire hopes to harness the power of the sun again, by building a nuclear fusion reactor in rural Oxfordshire. Hans-Peter Wild, the 78-year-old billionaire behind family-owned natural ingredients maker Wild, has led a £67m funding round for fusion power start-up Tokamak Energy. Tokamak Energy, a spin-out of Oxford’s Culham fusion research laboratory, has raised the funds to accelerate its plans to build a fully functioning fusion reactor by 2030. It plans to build a “spherical tokamak”, a power source that uses nuclear fusion to generate energy. Unlike nuclear fission, which creates large amounts of radioactive waste by splitting atoms, fusion aims to bind them to release huge amounts of energy in a process that occurs in the centre of the sun.
Telegraph 20th Jan 2020 read more »
City AM 20th Jan 2020 read more »