> A UK nuclear fusion company has suffered a massive write-down in its value after ditching plans to build its first reactor.
>
> It comes after the nuclear group abandoned plans for a prototype power plant based on its “projectile fusion” technology because of a lack of funding.
>
> The technology involves a 5p-sized projectile being fired at a fuel cell at extreme speeds using electromagnets to generate a powerful reaction and simulate collisions at extremely high speeds, such as those in space.
>
> Instead of building its own plant, First Light plans to supply other nuclear power companies with one of its inventions, called an “amplifier”, which houses a nuclear fuel capsule and boosts the power of fusion reactions.
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> A UK nuclear fusion company has suffered a massive write-down in its value after ditching plans to build its first reactor.
>
> It comes after the nuclear group abandoned plans for a prototype power plant based on its “projectile fusion” technology because of a lack of funding.
>
> The technology involves a 5p-sized projectile being fired at a fuel cell at extreme speeds using electromagnets to generate a powerful reaction and simulate collisions at extremely high speeds, such as those in space.
>
> Instead of building its own plant, First Light plans to supply other nuclear power companies with one of its inventions, called an “amplifier”, which houses a nuclear fuel capsule and boosts the power of fusion reactions.