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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.
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]
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.
What’s Clean, Green and Combats Climate Change?
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.
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.
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.
TAE Technologies’ Fusion Machine Exceeds Prior Operations and Performance Levels in Record Time
World’s most powerful field-reversed configuration plasma generator steps company closer to delivering Friendly Fusion.
TAE Technologies, Inc. Named 2018 Global Cleantech 100 Innovator
Fusion energy leader receives recognition as one of the most innovative and promising ideas in cleantech.
TAE Technologies and Google Combine Human and Machine Interaction to Further Plasma Science
“Optometrist Algorithm,” First Described Today in the Journal Scientific Reports, Identified Optimal Fusion Conditions
TAE Technologies Achieves First Plasma in World’s Most Advanced Plasma Generator
“Norman” Will Further Validate Company’s Fusion Efforts and Usher In Commercialization Phase.