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In this article, we aim to show that the spherical tokamak (ST) device with high temperature superconducting (HTS) magnets could offer the quickest and lowest risk path to develop commercial fusion energy, which may be significantly advanced by the use of private–public partnerships. Our starting point is based on what we have learned and will continue to learn from publicly funded research on STs. Keeping prototype ST devices and HTS magnets small has enabled rapid innovation toward a commercial goal. Our ST40 compact, high field ST has proven exceptional performance, with plasma ion temperatures over 100 × 106 °C (above 8 keV) and a record triple product for any private company (n T τE ∼ 1019 keV s/m3). Meanwhile, our robust, compact, quench-safe, HTS magnets can routinely achieve over 24 T. We now have results of great interest to fusion scientists, so as well as pursuing our commercial goals, we are contributing to scientific progress in fusion. Opportunities to participate in public–private partnerships are emerging with Tokamak Energy already selected for the U.S. Department of Energy milestone program and well-positioned to participate in the U.K. Government Spherical Tokamak for Energy Production program. Other countries are likely to adopt similar approaches as the need for rapid development of fusion energy becomes ever more apparent. [ABSTRACT FROM AUTHOR]