What the press is saying.
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.
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.
With Google’s assistance using machine optimization and data science, TAE achieved the major goals for their fusion platform, Norman, which brings us a step closer to the goal of breakeven fusion. They have completed a design for an even more powerful machine, which they hope will demonstrate the conditions necessary for breakeven fusion before the end of the decade. TAE has succeeded with two complete machine builds during our collaboration, and we are really excited to see the third.
Inside the lab where scientists are recreating the energy of the sun to produce nearly unlimited clean energy
Recreating in a lab the nuclear reaction that powers the sun and other stars — which is called nuclear fusion — is a feat as complex as it sounds.
Fusion has the potential to create massive amounts of carbon-free or clean energy. So though no scientists have quite accomplished creating usable energy from fusion just yet, a handful of companies are working at it. The machines being built by scientists to accomplish this are called reactors, and they are massively heavy, cost tens of millions of dollars and represent the culmination of decades of scientific research. TAE Technologies, headquartered in Foothill Ranch, California, is a fusion company using a unique reactor design, and it recently reached a key milestone in the quest for usable energy from fusion.
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.
TAE Technologies, the world’s largest private fusion energy company, today announced a landmark partnership with Japan’s National Institute for Fusion Science (NIFS) that enables the two organizations to test the effects of hydrogen-boron (p-B11) fusion reactions in the NIFS Large Helical Device (LHD). The results of this research have the potential to unlock a new milestone in TAE’s mission to develop commercial fusion power with p-B11, the cleanest and most affordable fuel for fusion cycles.
TAE Technologies Commercializes Breakthrough Power Management Technology Developed for Fusion to Revolutionize Electric Vehicles, Charging Infrastructures, and Energy Storage
TAE Technologies, the world’s largest private fusion energy company, announces the formation of its TAE Power Management division, that will bring disruptive power management capabilities originally developed for the company’s fusion power control systems to the mobility and energy storage sectors. Veteran industrialist David Roberts has been named Chief Executive Officer of the rapidly growing division. He will report to TAE Group CEO Michl Binderbauer.
TAE Technologies is pleased to announce the appointment of William Coaker as the company’s first Chief Investment Officer. Bill comes to TAE with over two decades of experience in investment, most recently as Chief Investment Officer for the San Francisco Employees Retirement System (SFERS), a $34 billion public pension plan. Bill’s leadership and vision will play a central role in TAE’s next phase of growth.
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.