TAE Technologies, a Foothill Ranch, CA-based fusion energy company, raised $150M in funding.
Chevron, Google and NEA participated in the round, among other new and existing investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Michl Binderbauer, TAE develops fusion systems providing on-demand, carbon-free, utility-scale power that is also inherently safe. 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.
The company, which raised and deployed $1.2 Billion through 11 prior rounds, offers technologies that have produced a portfolio of commercial innovations in adjacent markets such as power management, energy storage, electric mobility, fast charging, life sciences and more. It maintains international offices in the UK, EU and Switzerland.
Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning.
FinSMEs
02/06/2025