TAE Technologies Stock
Commercial Nuclear Fusion Power
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About TAE Technologies Stock
TAE Technologies is aiming to develop a safe, affordable source of commercial fusion power. The company's core mission is to create a new source of clean energy – one that’s powered through the fusion of boron and hydrogen, two readily available elements. TAE Technologies was founded in 1998 and has been developing a machine that can be used to heat the elements to a temperature high enough for fusion. TAE Technologies has over 1,800 issued patents, more than $880 million in private capital, six generations of National Laboratory-scale devices, and a team of over 250 employees.
TAE Technologies is headquartered in Orange County, California. Notable investors include Vulcan Capital, Venrock, and New Enterprise Associates.
Investors
New Enterprise Associates
Robinhood, Databricks, Jet, TAE Technologies, Scopely, Bloom Energy, Opendoor, Radiology Partners, DataRobot, Tempus
Magic Leap, Nuro, Commonwealth Fusion, TAE Technologies, Tempus, Niantic, Symphony Communication Services, Ionic Security, Trifacta, Barefoot Networks
Venrock
Devoted Health, Zenefits, TAE Technologies, Dollar Shave Club, Lucid Motors, Dataminr, 6sense, AppNexus, Salsify, Astranis
Charles Schwab
RUSNANO
Funding History
June 2002 | $3.0M |
---|---|
December 2002 | $1.1M |
September 2003 | $9.8M |
December 2005 | $50.2M |
May 2007 | $40.0M |
August 2010 | $85.0M |
February 2013 | $127M |
January 2015 | $95.8M |
May 2016 | $220M |
June 2018 | $153M |
January 2021 | $261M |
April 2023 | $600M |
Management
Chief Executive Officer
Michl Binderbauer
Chief Technology Officer
Artem Smirnov
Press
prnewswire - Oct, 12 2023
TAE Technologies applauds California's landmark fusion energy billforbes - Mar, 11 2023
Fusion Is About To Become A Must-Have Investment, DOE Official Saysprnewswire - Jan, 24 2023
Introducing TAE Power Solutions, a power management spin-off company from fusion energy leader TAE Technologiesbizjournals - Sep, 1 2022
Fusion energy researcher TAE Technologies leases 100,000 square feet in Orange CountyEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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