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No one said that the marketing of melting power would be cheap or fast.
TAE Technologies said this week that it had raised an additional $ 150 million in a financing cycle which included investments in existing donors Google, Chevron and new business partners.
By counting the company almost 30 years old is the 12th TAE investment round. To date, it has collected about $ 1.8 billion, according to Pitchbook, making it one of the most funded merger companies.
TAE, formerly known as Alpha Energy sorting, has worked for years by developing its reactor design. The company initially used a process that started by drawing two plasma balls against each other, then turning the resulting blob with particle beams. The plasma blob – which looks like a hollow cigar – generates its own magnetic field, working alongside the reactor magnets to keep the contained plasma.
In April, the company announcement He no longer needed to draw two plasma balls to launch a reaction. Instead, he was able to form a plasma, heat it and stabilize it using the particle beams alone. The elimination of this equipment makes the reactor smaller, cheaper and easier to use, said TAE.
Google participated in two investment cycles in TAE; The previous 250 million dollars turn closed in 2022. The technology company worked longer with TAE. Since 2014, Google computer scientists have worked with engineers at TAE to use automatic learning (a form of AI) to find the ideal parameters for a merger device.
Before the AI, the optimization process had used two months – “around 1,000 experiences”, CEO of Tae Michl Binderbauer said to me in 2022. The AI has reduced this significantly, reducing the number of experiences by two orders of magnitude, which could be completed in a few hours.
Today, the TAE reactor can create plasmas heated to 70 million degrees Celsius. For its commercial device, the company says it must heat the plasmas to 1 billion degrees Celsius.
Binderbauer says Axios That it aims to collect another $ 50 million before the end of the round later this summer. The company hopes to put electrons on the network in the early 2030s.
