UK-based First Light Fusion has raised $25m in new funding that will allow it to add 23 new employees across its science, engineering and simulation departments and significantly upgrade computational and experimental resources.

The Oxford company, which is researching fusion power, said the funding round was led by science and technology business Oxford Sciences Innovation and included investment company IP Group.

First Light said it will increase its staff to 60. The funding will speed up fusion development, while enabling the company to progress with gain experiment planning and reactor development