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TAE Technologies Stock
Commercial Nuclear Fusion Power
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
Charles Schwab
SpaceX, Magic Leap, Nuro, TAE Technologies, Tempus, Niantic, Symphony Communication Services, Ionic Security, Commonwealth Fusion, Trifacta
Kuwait Investment Authority
New Enterprise Associates
Robinhood, Databricks, Jet, TAE Technologies, Scopely, Bloom Energy, Opendoor, Radiology Partners, Tempus, Letgo
RUSNANO
Venrock
Devoted Health, TAE Technologies, Zenefits, Dollar Shave Club, Lucid Motors, Dataminr, 6sense, AppNexus, Salsify, Virta Health
Vulcan Capital
Flipkart, Magic Leap, TAE Technologies, Dataminr, Eat Just, Zuora, Spaceflight Industries, Scytl, Sun Basket, ScaleFactor
Wellcome Trust
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 | $128M |
| May 2016 | $375M |
| June 2018 | $225M |
| January 2021 | $660M |
Management
Chief Executive Officer
Michl Binderbauer
Chief Technology Officer
Artem Smirnov
Press
ocbj - Jun, 25 2020
TechCrunch - Apr, 8 2021
ocbj - May, 17 2021
siliconrepublic - Apr, 9 2021
prnewswire - Sep, 7 2021
prnewswire - Sep, 21 2021
cnbc - Apr, 16 2021
finance - Apr, 8 2021
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