TAE Technologies Closes $250M Series G-2 Financing Round
Summary
Tae Technologies, a Foothill Ranch, Calif.-based company that develops commercial fusion power with the cleanest environmental profile, closed a USD250m Series G-2 financing round. Led by Michl Binderbauer, CEO, TAE Technologies was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. It has filed over 1,800 patents globally and over 1,100 granted, raised $1.2 billion in private capital, built five generations of National Laboratory-scale devices with two more in development, and has a team of over 400 employees. The company’s technologies have produced a portfolio of commercial innovations in large adjacent markets such as power management, energy storage, electric mobility, fast charging, life sciences, and more. TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius.