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The move allows the parent company to focus on its fusion, and the new entity to focus on its battery technology for vehicles and renewable storage facilities.
With more than a dozen companies working on different designs to trigger and control fusion reactions, researchers have also come up with innovative systems that can be used in applications from medicine to industrial imaging to electric vehicles. Creating businesses around these products can generate revenue now that will help support the end-goal of a fusion power plant, said Michl Binderbauer, chief executive officer of TAE Technologies Inc.
Fusion is another zero-emissions alternative to fossil fuels and radioactive nuclear energy
With commercialization years away, investors flock to technology’s long-term clean-energy potential
Michl Binderbauer is chief executive of a southern California firm that aims to create almost limitless energy through nuclear fusion, a starry goal that at times struck some prospective investors as futuristic.
Scientists hit a key milestone in the quest to create abundant zero-carbon power through nuclear fusion. But they still have a long way to go.
The Department of Energy plans to announce Tuesday that scientists have been able for the first time to produce a fusion reaction that creates a net energy gain — a major milestone in the decades-long, multibillion-dollar quest to develop a technology that provides unlimited, cheap, clean power.
TAE Technologies has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated, among other new and existing investors.
Experimental results published in the peer-reviewed journal Nature Communications prove TAE’s streamlined approach to form and optimize plasma in its Norm machine increases efficiency, significantly reduces complexity and cost, and accelerates the company’s path to net energy and commercial fusion power.
Oxy Low Carbon Ventures (OLCV) and TAE Technologies signed a memorandum to explore using TAE’s fusion technology for emissions-free power and heat in Direct Air Capture (DAC) facilities. The partnership aims to integrate fusion energy with Occidental’s clean energy sources for DAC operations.
Earning the BioTech Breakthrough Award for Oncology Innovation of the Year validates the progress TAE Life Sciences has made in readying its Alphabeam BNCT system for clinical trials worldwide
North Carolina has enacted landmark energy legislation that recognizes fusion technology’s safety and environmental benefits. Senate Bill 678 demonstrates the state’s commitment to investing in fusion as a new clean electricity source that can be an important part of the state’s energy mix.
What makes TAE’s approach to commercial fusion so unique?
It starts with a specific fusion machine design called the Field-Reversed Configuration – a powerfully efficient method that TAE has advanced with our suite of original technologies.
But that’s not all. Listen to our “Good Clean Energy” interview with TAE CEO Michl Binderbauer to hear more about the advantages of our fusion technology and how we’ll use it to deliver commercial fusion power:
We were delighted to host UK Minister for Investment Poppy Gustafsson and HM Trade Commissioner Oliver Christian at our California headquarters for a tour of our first-of-its-kind fusion reactor prototype, Norm, and our fusion-enabled technologies.
Whether it’s with our hydrogen-boron fusion development; our transformative cancer therapy at TAE Life Sciences; or our more intelligent power management systems at TAE Power Solutions, we’re committed to advancing the frontiers of science for humanity’s benefit around the world. We’re thrilled to have collaborators in the UK and beyond as fellow innovators building a cleaner, healthier and brighter future for all.
What does it feel like to achieve a first in fusion research history?
On this episode of “Good Clean Energy,” TAE Director of Diagnostics Thomas Roche takes us inside the experiment that led to TAE’s breakthrough fusion machine, Norm – the first reactor prototype that can produce an FRC plasma using only neutral beam injection.
“I remember having my jaw drop that day,” Roche says. “I never thought it would lead us to the state that we’re in now.”
Reduce, reuse, recycle – but make it a fusion breakthrough 💫
We’re celebrating #EarthDay with the introduction of “Norm,” our first-of-its-kind fusion prototype that …
✂️ Reduces machine size by 50%
⬇️ Lowers operating costs
♻️ Recycles parts from our previous machine, Norman
🔁 Optimizes machine components that will be reused for our next-generation device, Copernicus
Norm’s smaller footprint and more efficient design isn’t just sustainable – it’s also accelerating our path to commercial fusion power. See how at TAE.com.
I am proud to share that TAE’s latest scientific milestone has been published in Nature Communications: the first-ever formation of an FRC plasma using only neutral beam injection.
This groundbreaking achievement marks a pivotal moment not just for TAE, but for fusion energy. By realizing this long-sought method of FRC formation, we’ve made our fusion technology even more efficient, practical and commercially viable.
With this accomplishment, TAE’s advanced beam-driven FRC platform becomes significantly more powerful and cost-effective for clean, abundant fusion energy.
I’m deeply grateful to our extraordinary scientists and engineers who led this research, and to every member of our TAE team whose shared purpose, passion and deep expertise allowed us to deliver this milestone.
At TAE, we don’t just aim to make progress, we aim to redefine what’s possible. We pursue bold ideas and back them with the focus and follow-through needed to bring them to life.
The results we’ve achieved with our streamlined machine, Norm, are a powerful testament to what’s possible when vision, innovation and teamwork align.
I’m honored to share this breakthrough with the world — and excited about its transformational impact on our net energy machine, Copernicus, and TAE’s future power plants.
LinkedIn: Nature Portfolio