FOOTHILL RANCH, Calif., April 8, 2021 /PRNewswire/ --TAETechnologies, 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.
Fusion Energy Milestone from TAE Technologies Validates Path to Cost-Competitive Carbon-Free Baseload Energy
TAE has validated that it can scale to economically viable commercial fusion conditions by the end of the decade.
The latest financingis the direct result of TAE achievingits most recent scientific milestone on the path to delivering carbon-free baseload energy from the Hydrogen-Boron (aka H-B11 or p-B11) fuel cycle, the most abundant and environmentally friendly fuel source on Earth, capable of sustaining the planet for millennia.