News

What the press is saying.

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Google-backed TAE Technologies raises $280 million from new, existing investors

Google-backed TAE Technologies raises $280 million from new, existing investors

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.

read more
Nuclear-Fusion Firm Hits Funding Record With Plasma Breakthrough

Nuclear-Fusion Firm Hits Funding Record With Plasma Breakthrough

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.

read more
Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030; raised nearly $1 billion to harness the power of the sun

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).

read more
This Nuclear Reactor Just Made Fusion Viable by 2030. Seriously.

This Nuclear Reactor Just Made Fusion Viable by 2030. Seriously.

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.

read more
US fusion company expects commercial fusion power plant by the end of the decade

US fusion company expects commercial fusion power plant by the end of the decade

California-based TAE Technologies said on 8 April that it had raised an additional $280 million for its reactor-scale demonstration fusion facility to support the final step toward its commercialisation. The private fusion energy company announced a technology milestone by producing stable plasma at more than 50 million degrees Celsius in a proprietary compact reactor design that can scale to competitive fusion-generated power. “This milestone furthers confidence in TAE’s path to commercialisation,” the company said noting that the additional funding brings the total raised to more than $880 million “from some of the world’s most sophisticated investors”.

read more
TAE Technologies Expands Executive Team with William Coaker as Chief Investment Officer

TAE Technologies Expands Executive Team with William Coaker as Chief Investment Officer

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.

read more
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.

read more
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.

read more

Join our mailing list.