What the press is saying.
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The Sun’s surface is 15 million degrees Celsius, which is relatively balmy compared to the 75 million degrees Celsius that TAE Technologies recently generated in July. This temperature benchmark in the company’s current machine, named Norman, demonstrated “unmatched real-time control of plasma.”
Some fusion projects aim to create hundred-million degree working temperatures in magnetically confined plasma. The CEO of TAE Technologies tells us his team’s aiming for 10 times that temperature, targeting cheaper, easier and safer boron fuel.
The world has been watching the many nuclear fusion tokamak experiments with keen interest, but the stage is also set for those who are trying something a bit different, like stellarators and other reactor formats. That’s where TAE Technologies comes in.
Nuclear energy is having a moment. Last month, TAE Technologies Inc., a nuclear fusion company in southern California, raised $250 million. Industry watchers describe the company’s approach, which requires creating a fusion reaction in incredibly high heat, as perhaps the biggest scientific gamble in the field.
Some companies are exploring different fuels as well as different designs. California-based TAE Technologies, which has been in business since 1998, is building a nuclear reactor that’s designed to fuse hydrogen with boron-11 by colliding plasma “smoke rings” inside a long, cigar-shaped chamber. This setup would need to hit temperatures even higher than those in tokamaks. But if scaled-up versions work, they could generate electricity without the neutron fusillade.
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.
TAE Technologies, Inc., the world’s largest private fusion energy company, has been awarded three funding partnerships for continued fusion research through the U.S. Department of Energy’s (DOE) Office of Fusion Energy Science’s (FES) Innovation Network for Fusion Energy (INFUSE) program.
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.
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.