Headquarters: Foothill Ranch, CA
TAE Technologies (pronounced T-A-E) was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company’s pioneering work represents the fastest, most practical, and economically competitive solution to bring abundant clean energy to the grid. With over 1,800 patents filed globally and over 1,100 granted, $1.35 billion in capital raised, five generations of National Laboratory-scale devices built and two more in development, and an experienced team of over 500 employees, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for thousands of years. The company’s revolutionary technologies have produced a robust portfolio of commercial innovations in large adjacent markets such as power management, energy storage, electric mobility, fast charging, life sciences, and more. TAE is based in California and maintains international offices in the UK, EU, and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future.
Fusion, the process that powers the sun, has long eluded scientists seeking to replicate a useful fusion reaction on Earth. Achieving net positive energy is a monumental stride towards transforming fusion from mere lab science to a practical energy source, even though its large-scale commercialization might remain some decades away. As the global energy demand grows exponentially, largely fueled by an unsustainable reliance on fossil fuels, the promise of fusion becomes even more crucial. This energy method is not only imperative due to the looming climate crisis but also because it emits no carbon and doesn't generate the enduring nuclear waste associated with nuclear fission, which is today's prevalent method of nuclear energy production.
TAE was founded to develop the ultimate clean energy solution: a commercial fusion power source that is compact, cost-effective, capable of sustaining the planet for centuries, and safe in every way. The patented technologies created for TAE’s unique approach to fusion are now being leveraged for adjacent innovations in electric mobility, power management, and more. In all sectors and around the world, TAE is committed to creating a bright future for us all.
TAE is a technology platform company on a mission to deliver safe, abundant, aneutronic, and carbon-free commercial fusion power with hydrogen-boron fuel.
“TAE — and fusion technology as a whole — has the potential to be a scalable source of no-carbon energy generation and a key enabler of grid stability as renewables become a greater portion of the energy mix,” said Jim Gable, president of Chevron Technology Ventures, the energy company’s corporate venture capital arm.
TAE Technologies contains two subsidiaries: TAE Power Solutions and TAE Life Sciences.
TAE Power Solutions was born out of a need TAE faced regarding power for fusion. The local grid near the company’s headquarters in Southern California provides 2 MW of power, while its fifth-generation fusion research reactor, Norman, operates at up to 750 MW.
To support the company’s groundbreaking scientific research, TAE needed an extremely scalable energy storage and power delivery system – one poised for future deployment in support of commercial fusion power integration.
With no existing technology available in the market, TAE developed a modular energy and power delivery solution that can incrementally scale and discharge with highly flexible, efficient, and accurate bi-directional power on a sub-millisecond time scale.
Seeing potential applications beyond fusion, TAE Power Solutions developed proprietary intelligent AC power (ACi) and Converter Battery Module (CBM) technology that features fully integrated energy storage and power electronics to unlock greater efficiency and performance from modern power systems.
TAE Power Solutions is a proprietary technology platform that is accelerating the transition to an electrified world with a first-of-its-kind energy storage and power delivery system. This technology unlocks a complete clean energy ecosystem, including more affordable and efficient storage; ultrafast charging capabilities; electric vehicle powertrains; peak shaving; buffering; and second life of batteries. TAE Power Solutions is now adapting the same technology invented to power TAE’s fusion energy program for business-to-business solutions for cars, homes, or businesses.
TAE Power Solutions’ innovative modular technology enables EVs to charge two times faster, go 10-15% longer, and last longer in use than conventional battery-electric powertrains. The same components can scale for stationary systems to maximize renewable energy and reduce the levelized cost of storage.
“Spinning off TAE’s power management division is an extraordinary opportunity to bring the bold innovations of fusion-derived technology into new applications with profound impact,” said Kedar Munipella, CEO of TAE Power Solutions. “We expect our significant improvements to electric vehicle battery life, performance, and cost, along with the ability to convert wind and solar into on-demand sources of energy, will transform the future of electrification, creating opportunities for unprecedented efficiencies in e-mobility and energy storage.”
“TAE Power Solutions is becoming a one-stop shop to deliver a revolutionary approach to power distribution, electrified transportation, and renewable energy storage for our growing carbon-free energy needs,” said Michl Binderbauer, CEO of TAE Technologies.
TAE Life Sciences is a biotechnology company that was spun out by TAE Technologies in 2017 to develop and commercialize a breakthrough biologically targeted radiation treatment for the most difficult cancers. TAE Life Sciences’ Alphabeam neutron system is compact and practical for installation in a hospital setting.
TAE Life Sciences is committed to enhancing the lives of cancer patients by developing a biologically targeted radiotherapy historically called boron neutron capture therapy (BNCT) for treating cancerous tumors. BNCT has been used to treat recurrent, invasive, untreatable, and metastatic cancers while sparing healthy tissues, all within 1 to 2 treatment sessions.
Since TAE’s founding in 1998, the company has built five National Laboratory-scale devices and has successfully generated and confined fusion plasma more than 140,000 times. TAE is currently building and designing two more machines, Copernicus and Da Vinci, which will be able to demonstrate net energy and deliver power to the grid.
TAE says the primary objective for its sixth-generation reactor is to achieve a milestone known as the net energy gain, with an aspiration to commence commercial power delivery by 2030.
TAE’s next experimental platform called Copernicus is under development in Irvine, CA. It is designed to operate at about 100-150 million degrees Celsius, the temperature benchmark for D-T fusion. Copernicus will run on hydrogen fuel to demonstrate the viability of net energy generation from TAE’s approach and provide opportunities to license the company's technology while scaling to its ultimate goal of utilizing hydrogen-boron (p-B11) fuel. The company expects commercialization of TAE’s hydrogen-boron fusion power plants to begin by the early 2030s.
TAE Technologies has been in partnership with Google since 2014 to apply machine learning, data science, and advanced computations to their research in order to accelerate progress toward commercial fusion power. Together, the companies developed the Optometrist Algorithm, which yields improved outcomes when human and machine learning resources work together. Through this collaboration and other efforts, required programmatic steps that used to take well over a month can be achieved virtually overnight. In addition, the companies have developed breakthrough capabilities in holistic post-processing and integrating a large set of independent diagnostic measurements to produce high-fidelity insights into experimental data at a record-breaking scale.
While TAE does not have a commercial fusion product yet, TAE Power Solutions and Life Sciences were developed to support the company’s groundbreaking scientific research.
TAE Technologies is currently forming partnerships to harness its groundbreaking innovation for swift commercial adoption. This includes enhancing the range, efficiency, and charging speed of electric vehicles in the mobility sector. Additionally, the innovation is slated for use in residential, commercial, industrial, and utility-scale electrical grid applications in stationary markets.
In March 2022, TAE Technologies was honored to be among the small group of companies invited to Washington, D.C. for a notable first: a White House Summit devoted entirely to the promise and progress of the fusion industry and laying out a “Bold Decadal Vision of Commercial Fusion.” This is history in the making, and as part of the event, TAE CEO Michl Binderbauer was invited to share the company’s exceptional advancements in the field alongside their vision for a future with economic security, global energy independence, and energy equity.
In November 2022, TAE Technologies was awarded a highly competitive California Competes Grant by Governor Gavin Newsom’s Office of Business and Economic Development. The $17.4 million grant will directly support job creation in fusion development, as well as TAE’s rapidly expanding power management business. This funding will have an immediate impact as TAE commercializes spinoff applications derived from its innovations in fusion for scalable power delivery systems, representing a new and distinct line of business that both accelerates the company’s fusion pursuits and serves California’s clean energy goals.
In January 2023, TAE Technologies announced the formation of a new subsidiary, TAE Power Solutions. Spun out from TAE Technologies, TAE Power Solutions intends to deliver a first-of-its-kind technology to fundamentally improve the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage. The proprietary technology platform is derived from fusion research and is a foundational step toward the mass onboarding of electric vehicles and deployment of intermittent renewable energy as dispatchable power. TAE is the world’s leading and largest private commercial fusion energy company, and this result represents an important step toward the development of hydrogen-boron fusion. In layperson’s terms, the company is one step closer to realizing a fusion power plant that will ultimately produce clean electricity, with its sole byproduct being helium, also known as three alpha particles.
In February 2023, in collaboration with Japan’s National Institute for Fusion Science (NIFS), TAE announced a noteworthy research advancement: the first-ever hydrogen-boron fusion experiments in a magnetically confined fusion plasma. The findings reflect years of collaborative international scientific fusion research and represent a milestone in TAE’s mission to develop commercial fusion power with hydrogen-boron, the cleanest, most cost-competitive, and most sustainable fuel cycle for fusion.
In May 2023, TAE Power Solutions, the new power management subsidiary of fusion energy leader TAE Technologies, announced the opening of a new UK facility. The site will be the company’s fourth UK location, including the locations inherited from acquisitions of Sprint Power and Eltrium during its launch earlier this year, and will create 20+ new jobs for electrification engineering and test and build technicians. The expansion means TAE Power Solutions now has over 250 employees across locations in Birmingham, Hethel, and Silverstone.