Pictured above: Tokamak Energy, one of the Oxfordshire businesses to be featured at the major summit (image courtesy of Tokamak Energy).
The UK Government has this week revealed 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit. And Oxfordshire businesses will be leading the charge.
The Government-hosted Global Investment Summit, which takes place on 19 October, will showcase best of UK innovation and green technology, with companies set to display electric vehicles, hydrogen, offshore wind technology and more.
Hosted by the Prime Minister and supported by members of the Royal Family, the Summit will demonstrate Britain’s commitment to green industrial revolution in the UK and abroad ahead of COP26, and promote the UK as a top destination for foreign investment.
Three Oxfordshire-based businesses; Tokamak Energy, Arrival and First Light Fusion, will be present at this major event.
Around 200 investors attending the Summit will see the latest cutting-edge innovation that is helping deliver key areas of the Prime Minister’s 10-Point Plan, helping cement the UK’s position as a science superpower and the world’s number one centre for green technology.
The country’s pioneering work in this space will be vital in helping reduce emissions and limit the rise in global temperatures.
Minister for Investment Lord Grimstone said: "Our Global Investment Summit will put UK innovation on the map and demonstrate how we can use investment to nurture technological developments and propel our economy towards a more prosperous, exciting future.
"These businesses show why the UK is a global hub for green technology – from major advances in tidal turbines and fusion energy, to electric vehicle development and zero emission aircrafts. These industries of the future will not only help ensure a cleaner, greener planet but also create high-value jobs across the UK."
The Ten-Point Plan is set to mobilise £12 billion of government investment to create and support up to 250,000 highly skilled green jobs in the UK - and unlock three times as much private sector investment by 2030.
Three of 12 companies featured are based in Oxfordshire. They are:
Location: Milton Park
Tokamak Energy is pioneering commercial fusion energy which is clean, economical and globally deployable through two world-leading core technologies, the compact spherical tokamak and high-temperature superconducting (HTS) magnets. Tokamak Energy will display three high temperature superconducting magnets, including one tested at CERN, and 3D-printed models of current and future devices. It will display visuals of its latest record-breaking fusion prototype, including video clips of hot plasmas.
First Light Fusion
This University of Oxford spin-out is looking at new approaches to fusion energy, and will display its small demonstrator electromagnetic launcher on which it can represent its techniques.
Arrival is creating commercial electric vehicles at prices competitive with fossil fuel vehicles to accelerate the global transition to EVs. Their product portfolio consists of the Van (10,000 ordered by UPS), Bus (trials start with First Bus in Q1 2022 in the UK), and the Car (for ride-hailing, being designed in collaboration with Uber). Guests can use their smartphones to view a virtual van on their screens and drop it into the venue space.