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TAE Technologies Luzern, Switzerland http://tae.com
Contact Ms Brigitte Kaps +41 79 289 20 42
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TAE Technologies

Fusion Energy Milestone from TAE Technologies Validates Path to Cost-Competitive Carbon-Free Baseload Energy

Company Raises Additional $280M for Reactor-Scale Demonstration Facility

(PresseBox) (Foothill Ranch, CA / Lucerne, )
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“Norman” Platform Outperforms Goals; Generates Stable High-Temperature Plasmas

Additional Funds Will Support Final Step Toward Commercialization

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.

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