Leading nuclear fusion company, TAE Technologies, has successfully raised $150 million in its latest funding round. This substantial investment underscores the accelerating momentum and increasing investor confidence in the pursuit of clean, virtually limitless energy from fusion.
TAE Technologies is pioneering a unique approach to nuclear fusion, focusing on a compact, non-radioactive design. Their technology typically utilizes a fuel source such as hydrogen-boron, which produces clean, non-toxic helium as a byproduct, avoiding many of the complexities and radioactive waste associated with other fusion methods.
The newly secured funds will be instrumental in accelerating the company’s research and development efforts. A primary focus will be on the construction and operation of their next-generation research machine, often referred to as Copernicus. This advanced facility is designed to demonstrate the viability of their technology at higher performance levels and move them closer to achieving the critical milestone of net energy gain.
This significant fundraising, reportedly supported by prominent investors including Google, highlights the growing inflow of private capital into the fusion energy sector. It signifies a powerful step forward in turning the promise of fusion power into a practical reality and bringing a new era of clean energy closer. The investment validates the progress TAE Technologies has made and positions them to continue pushing the boundaries of fusion science and engineering.
Source: https://www.datacenterdynamics.com/en/news/nuclear-fusion-firm-tae-raises-150m-in-funding-with-backing-from-google/
