Alphabet Inc., the parent company of Google, has invested in TAE Technologies. TAE is a company working on nuclear fusion power. This investment happened through Alphabet’s venture capital groups, GV and CapitalG. TAE announced the investment today alongside its latest funding round.
(Google’s parent company Alphabet invests in nuclear fusion startup TAE Technologies)
TAE Technologies develops technology to generate electricity using nuclear fusion. Fusion powers the sun. It promises a nearly limitless source of clean energy. TAE’s method is different. It uses hydrogen-boron fuel. This approach avoids radioactive materials common in other fusion or fission concepts. It aims for inherent safety.
The company calls its technology approach “Copernicus.” It heats hydrogen gas to extreme temperatures using particle accelerators. Powerful magnets then contain this super-hot gas. TAE believes its method can lead to practical power plants. These plants would produce zero carbon emissions. They would also create minimal long-lived radioactive waste.
TAE secured $250 million in this funding round. Other investors include Chevron and Sumitomo Corporation of Americas. This brings TAE’s total raised funds to over $1.2 billion. The company has operated for over 25 years. It employs more than 400 people.
TAE will use the new money to keep advancing its fusion technology. The company is building its next machine, called “Norman.” Norman is designed to demonstrate net energy production. Achieving net energy is a critical milestone for all fusion companies. TAE targets reaching this goal by the late 2020s.
(Google’s parent company Alphabet invests in nuclear fusion startup TAE Technologies)
Executives see fusion as vital for the future. “Fusion offers the ultimate clean energy solution,” said Michl Binderbauer, CEO of TAE. “Alphabet’s investment validates our unique approach. Their expertise in complex systems and AI is invaluable.” GV and CapitalG also expressed strong support for TAE’s long-term mission. They believe fusion can transform global energy systems.
