May 2017
TAE Technologies Appoints CTO Michl Binderbauer as Company President
Binderbauer Expands Role as it Speeds to Complete R&D and Commercialize Fusion Energy Technology
TAE Technologies, the world’s largest and most advanced private fusion company, who is pioneering an innovative pathway to truly clean, limitless energy, has named Chief Technology Officer Michl Binderbauer as President of the Company, and elevated him to the company’s Board of Directors.
Binderbauer is a globally-respected scientist who co-founded the company’s Plasma Electric Generator vision – together with the late Norman Rostoker – and has led its development and implementation since the company’s inception in 1998. He holds more than 40 issued and pending U.S. patents and numerous international technology patents, in addition to authoring many peer-reviewed publications in plasma physics and fusion.
In his new role – which recognizes his leadership – Binderbauer will continue to report to CEO Steve Specker. As TAE Technologies pursues the development of its fusion technology, Binderbauer will focus on the strategic direction and execution of the company’s efforts.
“TAE Technologies is on the way to validating our environmentally-friendly fusion solution, thanks to rapid advancements in technology and the near-completion of our 5th generation Plasma Electric Generator” said Dr. Specker. “Having already proven his effectiveness in managing our people and progressing our science, this appointment will allow Michl to broaden his successful oversight in the company.”
“Having dedicated my professional career to help building this company, and seeing how close we are to realizing the dream I shared with Norman 25 years ago, assuming the role of President allows me to further catalyze our efforts and expands my commitment to our team as we hone in on our final technical milestones and realize our shared vision of providing limitless, clean and affordable energy technology to the world,” said Binderbauer.
The company is backed by more than $500 million in private capital from some of the world’s leading energy and technology investors and is well along the path to validating both the science and engineering integration. TAE Technologies is unique in the use of its advanced, abundant and affordable feedstock of hydrogen and boron, which makes it the only company pursuing a path to fusion that does not create harmful byproducts. Its latest Plasma Electric Generator, intended to prove that it can achieve temperatures “hot enough” to validate the path to fusion power, will begin operation this summer.
About TAE Technologies
TAE Technologies (pronounced T-A-E) was founded in 1998 to develop commercial fusion power with the cleanest environmental profile, and represents the fastest, most practical, and economically competitive solution to bring abundant energy to the grid. With over 900 issued patents, more than $880 million in private capital, six generations of National Laboratory-scale devices, and an experienced team of over 250 employees, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for centuries. The company’s revolutionary technologies have produced a robust portfolio of commercial innovations in other large adjacent markets such as power management, energy storage, transmission, electric mobility, life sciences, and more. TAE is based in California, and maintains international offices in the UK and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future for us.