TAE Technologies secures over $150 million to advance its commercial fusion reactor, exceeding its target
Google and Chevron participated in the round, extending a decade-long R&D partnership
TAE’s latest prototype achieved 70 million °C stable plasma, paving the way for net energy validation
Fusion steps toward reality
TAE Technologies announced it has raised more than $150 million in its latest funding round to support the development of the world’s first commercial fusion power plant.
The round included backing from Google, Chevron, and NEA, bringing TAE’s total equity capital raised to over $1.3 billion. The company also has the option to raise more capital as part of this round.
A key breakthrough
TAE’s recent “Norm” breakthrough demonstrated stable plasma at over 70 million °C in a simplified device — a major milestone for fusion readiness.
“Fusion has the potential to transform the energy landscape,” said Michl Binderbauer, CEO of TAE Technologies. “TAE’s technology delivers superior performance in a compact machine, with attractive economics and best-in-class maintainability.”
Google’s deep collaboration
Google and TAE have collaborated since 2014, using AI and machine learning to improve plasma performance and reactor efficiency.
“In 2023, TAE realized they could simplify their fusion machine — and they showed it worked,” wrote Ross Koningstein, Founder of Google’s Nuclear Energy R&D group. “We’re investing for a cleaner energy future with TAE.”
Google engineers worked onsite at TAE’s facilities to develop advanced plasma reconstruction algorithms, unlocking major design and cost improvements.
What’s next
TAE will now focus on validating net energy capability in its next-generation Copernicus reactor — the final step before commercial deployment.
TAE’s fusion system is designed to be carbon-free, on-demand, and safe, with no meltdown risk or long-lived radioactive waste — making it viable near urban centers and data hubs.
