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Californian Google-backed TAE Technologies raises $280mn from new, existing investors
TAE Technologies, the Foothill Ranch, California-based company that metamorphosizes technologies to develop power from nuclear fusion, backed by Alphabet’s Google LLC., said later this week that the 23-year old privately-held company had raised a stark upsum of $280 million from existing alongside new investors including Google and New Enterprise Associate in a latest fundraising campaign.

TAE Technologies Validates Path to Cost-Competitive Carbon-Free Baseload Energy
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. This milestone furthers confidence in TAE’s path to commercialization and has aided the company in raising $280M in additional funding. When combined with prior rounds, TAE has now raised over $880M from some of the world’s most sophisticated investors.

The POWER Interview: ‘Dispatchable Power Through Commercial Fusion’
The goal of economic power generation from fusion has been elusive, but that hasn’t deterred researchers from exploring ways to develop the technology in a way that would support commercial electricity production.
POWER magazine has covered the evolution of fusion research and development for many years, and nuclear experts now think we could be just years—not decades—away from commercial applications.

Academies urge public–private effort to build a pilot fusion-power plant
Michl Binderbauer, CEO of the privately funded alternative fusion developer TAE Technologies, applauds the report’s emphasis on public–private partnerships. “You are combining the strength of a DOE lab or university program with the end-product focus of the private sector,” he says, rather than the “more meandering” academic process. “A tighter adherence to schedules will help to drive efficiency in the process.”

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.

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.

TAE Technologies Welcomes Secretary of Energy Rick Perry on Tour of World’s Leading Private Fusion Energy Facility
TAE Technologies recently welcomed the Department of Energy and Secretary Rick Perry for a tour of our National Laboratory-scale platform, Norman. “It was an honor to host the Secretary and share with him our enthusiasm for the opportunities our fusion pathway can provide,” said CEO Michl Binderbauer.

TAE Technologies Appoints New Executive Leadership
TAE Technologies is proud to announce new executive appointments to lead the next phase of the company’s growth: Michl Binderbauer has been named Chief Executive Officer, assuming leadership from retiring CEO Dr. Steven Specker. Former GE Chairman and CEO Jeffrey R. Immelt joins the company’s Board of Directors.

TAE Technologies Named Energy Manager Today 75 Honoree
Energy Manager Today 75 Award recognizes excellence in environmental sustainability and energy management.

TAE Technologies Announces First Subsidiary Company for Life Sciences with Potential to Reshape the World of Oncology
TAE Life Sciences leverages fusion energy breakthroughs to provide technology for a promising, investigative cancer treatment.