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The Road Less Traveled to Fusion Energy

The Road Less Traveled to Fusion Energy

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.

Investments in privately funded fusion ventures grow

Investments in privately funded fusion ventures grow

Investments in private fusion ventures from billionaires, venture capital firms, philanthropists, and even oil and gas majors have grown in the past year. Measured by the amount of capital raised, TAE Technologies in Orange County, California, leads the pack at $750 million. That’s up by $150 million from early 2019, when named investors included the late former hedge fund manager Arthur Samberg, Charles Schwab, former Morgan Stanley CEO John Mack, venture capital firms New Enterprise Associates and Venrock, the UK’s Wellcome Trust, several sovereign funds, and Alphabet. CEO Michl Binderbauer says that list remains largely unchanged.

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In loving memory of Arthur J. Samberg, former Chairman of the Board of TAE Technologies (1941 – 2020)

In loving memory of Arthur J. Samberg, former Chairman of the Board of TAE Technologies (1941 – 2020)

The Samberg Family Office has been a lead investor in TAE Technologies since our launch in 1998, and Art played an instrumental role in our company’s trajectory ever since. As an early champion, to member of the Board of Directors, and ultimately Chairman, Art has been there for us every step of the way in his longterm commitment to TAE. It is thanks to his unwavering support, audacious vision, and generous spirit that we are now on the cusp of the transformational clean energy solution he was so determined to help bring to the world. On behalf of the entire TAE team, we thank Art for his longtime support; and we wish peace and comfort to Art’s wife Becky and the entire Samberg family. May his memory be a blessing and an inspiration to us all. [L-R: Art Samberg, Heather Samberg, Jeff Samberg, Debbie Samberg]

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The Road Less Traveled to Fusion Energy

The Road Less Traveled to Fusion Energy

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.

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Do Androids Dream of Fusion Generators?

Do Androids Dream of Fusion Generators?

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.

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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 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.

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Fusion Energy Leader TAE Technologies Welcomes Marco Arese to Board of Directors

Fusion Energy Leader TAE Technologies Welcomes Marco Arese to Board of Directors

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.

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TAE Technologies Gains Renewed Admission into DOE INCITE Program to Further Fusion Energy Research

TAE Technologies Gains Renewed Admission into DOE INCITE Program to Further Fusion Energy Research

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.

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TAE Technologies Appoints New Executive Leadership

TAE Technologies Appoints New Executive Leadership

[vc_row][vc_column][vc_column_text]July 2018 | PR Newswire | Read Now[/vc_column_text][vc_column_text]TAE Technologies recently welcomed the Department of Energy and Secretary Rick Perry for a tour of our National Laboratory-scale platform,...

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