Tri Alpha Energy Stock
Tri Alpha Energy, Inc. develops plasma fusion technologies for energy generation. The company was founded in 1998 and is based in Rancho
About Tri Alpha Energy Stock
Tri Alpha Energy, Inc. develops plasma fusion technologies for energy generation. Tri Alpha Energy was founded in 1998 with its corporate headquarters located in Rancho Santa Margarita, California, close to the University of California, Irvine, where some of its developers have worked. Tri Alpha Energy is relatively unique in its approach to nuclear fusion energy design. Apart from filed patents little information is forthcoming on its progress. And yet there has been a steady stream of private investor funds including high profile ones. Paul Allen, previously of Microsoft, is one of them. Private funding of the project does not seem to have been impossible to come by. From 2000 to 2005 nearly $12 million was raised, mainly from two billionaires. News of further investments of $40 million in June 2007 and a further $50 million in August 2010 has been published in international sources. Part of the first $40 million was noted to have involved Paul Allen founder, with Bill Gates, of Microsoft. He withdrew from active work in Microsoft to have his Hodgkin's lymphoma treated and never resumed active work with the company, officially resigning in 2000.
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