December 2018
Fusion Energy Leader TAE Technologies Welcomes Marco Arese to Board of Directors
Appointment brings Arese’s international business and investor leadership to company commercializing fusion energy
TAE Technologies, Inc., the world’s largest and most advanced private fusion energy company, is pleased to announce the re-appointment of Marco Arese as the latest addition 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 TAE Technologies as it continues commercialization of its transformational work in energy generation.
“I am honored to join TAE’s board of Directors to accelerate the production of sustainable fusion energy for future generations. This work is truly transformational and an exciting endeavor help realize,” said Arese.
Arese currently serves as a leading investor and Executive Chairman of Energy Everywhere Inc., a California-based company working to engineer a revolutionary, locally manufactured, lightweight solar technology. Arese also serves on the advisory board of Ambienta SGR, the largest European environment and cleantech private equity fund; and has served on the board of a number of technology companies.
“We are excited to welcome Marco Arese back to our Board of Directors. As a recognized leader in international business, with decades of experience in growing global business in the energy and technology industries, Marco’s insight and counsel will serve us well as we scale to delivering commercial fusion energy,” said Michl Binderbauer, CEO of TAE Technologies.
Previously, Arese co-founded and was General Partner at RockRidge Venture Partners, an early stage venture capital fund and investment firm. Prior to RockRidge, Arese was a Special Limited Partner in Pequot Venture Partners LP, the venture arm of Pequot Capital Management. He started his career with Citibank in Milan and London, designing financial reporting software for multinational clients. Arese holds a graduate degree in Engineering from the Politecnico di Milano and an MBA from the University of California, Berkeley.
Arese joins TAE Technologies at a time of continued growth and evolution: The company was recently inducted into the Innovative and Novel Computational Impact on Theory and Experiment (INCITE) program by the U.S. Department of Energy Office of Science program for a second year; its revolutionary technology has earned attention from Secretary of Energy Rick Perry and other high level DOE officials, who visited the facility in July; and the company launched a new medical subsidiary TAE Life Sciences in March. This year Michl Binderbauer was elevated to the position of CEO; and Jeff Immelt, former CEO of GE, joined the Board of Directors alongside other influential names such as former Secretary of Energy Ernest Moniz.
For more information on TAE Technologies and the benefits of fusion energy, contact us.
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.