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Tokamak Energy named World Economic Forum’s Technology Pioneer

World Economic Forum today announced its selection of the world’s 49 most promising Technology Pioneers 2015

UK company Tokamak Energy recognised for its approach to accelerate the delivery of fusion energy – a safe CO2-free, long-term energy source US and UK-based companies make up 80% of awardees The full list of recognized Technology Pioneers can be viewed here

Tokamak Energy has today been recognised by the World Economic Forum as one of the world’s most innovative businesses. The company, which aims to accelerate the development of cost-effective, clean energy from fusion, has been named a 2015 World Economic Forum Technology Pioneer.

Tokamak Energy aims to fast track the development of fusion energy by combining two emerging technologies – compact, spherical tokamaks and high-temperature superconductors. It is one of only 49 companies to receive the prestigious distinction from the World Economic Forum this year, which honours innovative organisations from around the world that are poised to have a significant impact on business and society.

“To be recognised by the World Economic Forum as a Technology Pioneer alongside so many other innovative ideas (both past and present) is a great endorsement of our approach to realising a future energy source for the world,” said David Kingham, Chief Executive Officer, Tokamak Energy. “The world needs a clean base-load energy solution that is abundant, safe and CO2-free. Fusion is one of the few options available and we believe it is critical to find the quickest, most cost effective and realistic pathway to fusion energy.”

Tokamak Energy was chosen by a professional jury from hundreds of candidates as one of the 49 selected companies. Through this award it will have access to the most influential and sought-after business and political network in the world, and be invited to the World Economic Forum’s “Summer Davos” in Dalian, China, this September, or the Annual Meeting in Davos in January.

As in previous years, American-based entrepreneurs continue to dominate the list of technology pioneers: they account for more than two-thirds of the recipients, followed by the United Kingdom (4), Israel and the Netherlands (2), and individual recipients of Canada, Germany, Ireland, Italy, Sweden and Taiwan, China. France and Spain were among the countries not counting a recipient.

The Technology Pioneers were selected from among hundreds of applicants by a selection committee of 68 academics, entrepreneurs, venture capitalists and corporate executives. Notable members of the committee include Arianna Huffington (founder, Huffington Post) and Henry Blodget (editor-in-chief, Business Insider). The committee based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership.

Tokamak Energy joins notable past winners including Google (2001), Wikimedia (2007), Mozilla (2007), Kickstarter (2011) and Dropbox (2011). More information on past winners can be found here.

This was posted in Bdaily's Members' News section by Dr. David Kingham .