Investments in private fusion ventures from billionaires, venture capital firms, philanthropists, and even oil and gas majors have grown in the past year. Measured by the amount of capital raised, TAE Technologies in Orange County, California, leads the pack at $750 million. That’s up by $150 million from early 2019, when named investors included the late former hedge fund manager Arthur Samberg, Charles Schwab, former Morgan Stanley CEO John Mack, venture capital firms New Enterprise Associates and Venrock, the UK’s Wellcome Trust, several sovereign funds, and Alphabet. CEO Michl Binderbauer says that list remains largely unchanged.
As CEO of TAE Technologies, the world’s largest private fusion reactor company, Michl Binderbauer is one of those who believes that fusion power could be on the near horizon – and is using artificial intelligence co-developed with Google to help make it a reality.
The Future Looks Bright: CEO Michl Binderbauer reflects on the last 20 years of TAE Technologies and what the new decade holds for fusion research and more.