The modern quest for Promethean fire is underway in an anonymous office park in Foothill Ranch, California, an hour southeast of Los Angeles. In the park, along a meandering drive, you will find a huge, modern warehouse building with “TAE Technologies” emblazoned on the door. Inside, you will find a 100-foot-long, $200 million fusion-energy experiment named Norman. And in a second-floor office, upstairs from that looming machine, you will find the would-be Prometheus himself: Michl Binderbauer, TAE’s boyish-looking and relentlessly upbeat co-founder and CEO.
What the press is saying.
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.
TAE Technologies and Google have partnered to combine human and machine interaction to further plasma science using their “Optometrist Algorithm.”
As a clean energy pioneer, TAE Technologies was notably featured in TIME Magazine’s 2015 cover story.
A private company betting on an innovative fusion technology announced today that its latest device can sustain high temperatures for long reaction times—a major step toward a reactor capable of producing more fusion energy than is consumed by the device. The company, TAE Technologies, is still far from that goal, which huge government efforts are also pushing toward. But its achievements so far have drawn $880 million in investment—more than any other private fusion company. The company also announced plans to scale up to a larger machine, which it hopes will reach fusion conditions by 2025.
TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on Thursday it had raised $280 million from new and existing investors, including Google and New Enterprise Associates. The fresh capital will mostly be deployed towards further fusion work and a new reactor scale facility, the company said.
TAE Technologies Inc., a developer of nuclear fusion technology, raised $280 million to build a demonstration system after the company was able to produce superheated plasma at 50 million degrees Celsius (90 million degrees Fahrenheit), a key milestone in the effort to reproduce the power of stars to generate electricity on Earth. The company has now raised more than $880 million from backers including Google, Venrock Associates and Kuwait Investment Authority, TAE said in a statement Thursday. That’s more than any other company pursuing fusion, according to Chris Gadomski, nuclear analyst for BloombergNEF.
Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030; raised nearly $1 billion to harness the power of the sun
In a small industrial park located nearly halfway between Los Angeles and San Diego, one company is claiming to have hit a milestone in the development of a new technology for generating power from nuclear fusion. The 20-year-old fusion energy technology developer TAE Technologies said its reactors could be operating at commercial scale by the end of the decade, thanks to its newfound ability to produce stable plasma at temperatures over 50 million degrees (nearly twice as hot as the sun).
TAE Technologies, the world’s largest private fusion company, has announced it will have a commercially viable nuclear fusion power plant by 2030, which puts it years—or even decades—ahead of other fusion technology companies. The California-based company has raised $880 million in funding for its hydrogen-boron reactor. This reactor isn’t a traditional tokamak or stellarator; instead, it uses a confined particle acceleration mechanism that produces and confines plasma.
Fusion Energy Milestone from TAE Technologies Validates Path to Cost-Competitive Carbon-Free Baseload Energy Company Raises Additional $280M for Reactor-Scale Demonstration Facility
TAE Technologies, the world’s largest private fusion energy company, has announced a landmark fusion technology milestone by producing stable plasma at 50M+ degrees Celsius in a proprietary compact reactor design that can scale to competitive fusion-generated power.
TAE Life Sciences secures $30M in initial B round to accelerate development of unique boron delivery drugs for novel cancer treatment, boron neutron capture therapy (BNCT).
TAE Life Sciences (TLS), a biological-targeting radiation therapy company developing next-generation boron neutron capture therapy solutions (BNCT), announced the launch of an innovative in-house boron delivery drug development program supported by an influx of $30M in funding. The initial phase of the B-round funds comes from a consortium of investors including ARTIS Ventures, who led the company’s initial funding in 2018.
TAE Technologies, Inc., the world’s largest private fusion energy company, has been awarded three funding partnerships for continued fusion research through the U.S. Department of Energy’s (DOE) Office of Fusion Energy Science’s (FES) Innovation Network for Fusion Energy (INFUSE) program.
TAE Technologies is pleased to announce the re-appointment of Marco Arese to its Board of Directors. Arese brings a wealth of entrepreneurial experience activating global capital, scaling international business, and cultivating renewable energy opportunities, all of which he will leverage on behalf of the company as it continues commercialization of its transformational technologies.
TAE Technologies’ modeling group has won a 2018 US Department of Energy INCITE (Innovative and Novel Computational Impact on Theory and Experiment) award on the Argonne Leadership Computing Facility’s Theta supercomputer. The award is for 31MCH (million core hours), which is equivalent to 100MCH on ALCF’s Blue Gene supercomputer, Mira, and will be used to accelerate our research in creating clean fusion energy.