Coherent and Faraday 1867 signed a letter of intent outlining their partnership, with the objective of scaling up manufacturing of high-temperature superconducting tape to enable mass deployment of nuclear fusion reactors and support the green energy transition. The prospect of carbon-free energy has accelerated the development of tokamaks over the last decade, driving the demand for HTS tape, the technology at the heart of the extremely strong electromagnets used to confine plasma in magnetic-confinement fusion reactors. Faraday 1867 is a producer of HTS tape through its subsidiary, Faraday Factory Japan. The LOI outlines a strategy to increase manufacturing capacity at Faraday’s factory in Japan with excimer lasers from Coherent, to meet the global demand for HTS tape that is expected to grow by a factor of ten by 2027.
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