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
Charles Schwab
Magic Leap, Nuro, TAE Technologies, Tempus, Niantic, Symphony Communication Services, Ionic Security, Commonwealth Fusion, Trifacta, Barefoot Networks
Kuwait Investment Authority
New Enterprise Associates
Robinhood, Databricks, Jet, TAE Technologies, Scopely, Bloom Energy, Opendoor, Radiology Partners, DataRobot, Tempus
RUSNANO
Venrock
Devoted Health, Zenefits, TAE Technologies, Dollar Shave Club, Lucid Motors, Dataminr, 6sense, AppNexus, Salsify, Astranis
Vulcan Capital
Flipkart, Magic Leap, TAE Technologies, Eat Just, Dataminr, ICON, Zuora, Spaceflight Industries, Scytl, Sun Basket
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 | $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 - 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 Countyprnewswire - Sep, 21 2021
TAE Technologies Commercializes Breakthrough Power Management Technology Developed for Fusion to Revolutionize Electric Vehicles, Charging Infrastructures, and Energy Storageprnewswire - Sep, 7 2021
TAE Technologies Expands Executive Team with William Coaker as Chief Investment Officerocbj - May, 17 2021
TAE Technologies CEO Brings Star Power to Earthcnbc - Apr, 16 2021
Plasma being formed and maintained inside TAE Technologies’ fusion machinesiliconrepublic - Apr, 9 2021
Nuclear fusion milestone sees TAE Technologies raise $280mTechCrunch - Apr, 8 2021
Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030finance - Apr, 8 2021
Google-backed nuclear energy firm TAE Technologies raises $280 mlnocbj - Jun, 25 2020
MICHL BINDERBAUEREquityZen 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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