Latest fundraise supports TAE’s efforts to deliver world’s first commercial fusion power; Google continues more than 10-year research and funding partnership with TAE Foothill Ranch, Calif. (June 2, 2025) — TAE Technologies ("TAE"), the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors.

Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

Earlier this year, TAE announced a major milestone that fundamentally advances the performance, practicality and reactor-readiness of its proprietary fusion technology. The company’s “Norm” breakthrough – achieving stable plasma at over 70 million °C in a simplified fusion device – was made possible in part through TAE’s more than decade-long collaboration with Google.