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TAE Technologies develops fusion power technology aimed at commercial grid-scale energy using a linear, compact reactor fueled by hydrogen-boron (p-11B). It uses a beam-driven Field-Reversed Configuration to heat and confine a self-magnetized plasma, reducing the need for large external magnets and enabling potentially lower-cost manufacture. The company tests multiple generations, with its C-2W/Norman device reaching temperatures over 70 million degrees Celsius and partners with Google to apply AI and machine learning to guide development toward Copernicus (net energy gain) and Da Vinci (grid power by the early 2030s). It also applies its particle-beam technology to Boron Neutron Capture Therapy through TAE Life Sciences and to advanced power management via TAE Power Solutions, targeting clean energy and related applications in the 2030s.
Industries
Industrial & Manufacturing
Energy
Healthcare
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$1.3B
Headquarters
Lake Forest, California
Founded
1998
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Total Funding
$1.3B
Above
Industry Average
Funded Over
15 Rounds
Trump Media & Technology Group reported second quarter 2026 results, posting $1.7 million in revenue, up 89% from $0.9 million in the same quarter of 2025. The company reported a $238.1 million net loss, primarily driven by non-cash losses including unrealized losses on digital assets and equity securities totalling $190.4 million. TMTG closed the quarter with total assets of $2.0 billion and approximately $1.9 billion in financial assets. The company launched Truth API, its first data licensing product, on 1 August 2026, which has signed more than ten customer agreements. TMTG is progressing toward a prospective merger with TAE Technologies, expected to complete in the fourth quarter of 2026, subject to regulatory approvals. The company said it has substantially resolved legacy legal matters, expecting legal expenses to decline materially.
TAE Technologies, a fusion energy company, has appointed Jeff Woodbury as President and Chief Operating Officer as it advances construction of its first fusion power plant. Woodbury brings over 30 years of energy sector experience, having spent 35 years at Exxon Mobil in senior leadership roles overseeing major energy developments. The appointment comes as TAE progresses site selection for its first fusion power plant, which is expected to generate approximately 50 megawatts and begin operations in the early 2030s, pending regulatory approvals and completion of its previously announced merger with Trump Media & Technology Group. Woodbury will lead business operations and focus on building the organisational capabilities needed to deploy TAE's fusion technologies commercially. Future TAE fusion power plants are expected to range from 350 to 500 megawatts.
TAE Technologies and the UK Atomic Energy Authority have formally established and fully funded their joint venture, TAE Beam UK, to commercialise particle accelerator technology for fusion energy applications. The venture, operating from UKAEA's Culham Campus, will develop neutral beams, a critical technology for heating and sustaining fusion reactions. TAE brings over two decades of patented intellectual property in particle accelerator research and development, whilst UKAEA contributes 40 years of fusion energy expertise, including operation of the Joint European Torus neutral beam system. The technology also has applications beyond fusion, including food safety, homeland security and cancer treatment through TAE's biotech subsidiary. The venture expands TAE's presence in the UK and aims to establish the country as an anchor in the global fusion supply chain.
Trump Media & Technology Group reported first quarter 2026 results with total assets of $2.2 billion and financial assets of approximately $2.1 billion, nearly tripling from $759 million a year earlier. The company posted its fourth consecutive quarter of positive operating cash flow at $17.9 million. The operator of Truth Social and Truth+ streaming service reported $0.9 million in revenue and a $405.9 million net loss for the quarter, primarily from non-cash losses including unrealised losses on digital assets and equity securities totalling $368.7 million. TMTG continues developing new features for Truth Social, including prediction contracts, sports content and boosted posts. Truth+ expanded its live TV channels and international offerings whilst working towards a prospective merger with TAE Technologies.
TAE Technologies, a fusion energy company, has appointed Cedric Burgher as chief financial officer. Burgher brings over 20 years of financial leadership experience from publicly traded energy companies, having previously served as CFO at Occidental Petroleum, QR Energy and KBR. The appointment comes as TAE advances towards commercialisation after 25 years of research and development. The company announced earlier this year that site selection for its first fusion power plant is underway, with construction expected to begin in 2026 following regulatory approvals and completion of its previously announced merger with Trump Media & Technology Group. Burgher will oversee accounting, finance, capital markets and investor relations, focusing on scaling public-company-ready processes as TAE works towards developing commercial utility-scale fusion energy.
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Industries
Industrial & Manufacturing
Energy
Healthcare
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$1.3B
Headquarters
Lake Forest, California
Founded
1998
Find jobs on Simplify and start your career today