TAE Technologies, a leading fusion energy company developing a clean and safe approach to commercial fusion power, announced that it has raised over $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google, and NEA participated in the round, along with other new and existing investors.
TAE Technologies is developing the cleanest, safest, and most economical approach to commercial fusion power. And TAE has the option to raise additional capital as part of this funding round. With $1.3+ billion in equity capital raised since its founding, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.
Earlier this year, TAE also announced a significant milestone that significantly advances the performance, practicality, and reactor readiness of its proprietary fusion technology. And the company’s “Norm” breakthrough – achieving stable plasma at over 70 million °C in a simplified fusion device – was made possible in part through TAE’s more than decade-long collaboration with Google.
TAE’s fusion systems can provide on-demand, carbon-free, and utility-scale power that is also inherently safe. And with no risk of meltdown or long-lived radioactive waste, a TAE fusion power plant can be safely placed wherever power is needed. This creates flexibility for siting, whether near highly populated areas, remote locations, or large-scale data centers.
Partnership with Google: Since 2014, TAE and Google Research have collaborated to accelerate fusion science through the use of cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, resulting in significantly improved plasma lifetime and performance. Google’s deep integration into TAE’s engineering teams helped the company unlock a practical path to economic fusion and was instrumental in enabling the Norm breakthrough that now paves the way for TAE’s next milestone: validating net energy capability in its Copernicus reactor. Google’s commitment to TAE follows a thorough technical and commercial evaluation of TAE’s distinctive fusion approach.
KEY QUOTES:
“Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”
“We’re delighted to continue our relationship with Google, who have not only provided funding to TAE but collaborated closely in research and development over many years. With this latest fundraise, we look forward to accelerating our efforts to deliver commercial fusion power.”
Michl Binderbauer, CEO of TAE Technologies
