Sumitomo Corporation Of Americas Invests In Tae Technologies; Funds Next-Gen Fusion Reactor To Accelerate Decarbonization
Sumitomo Corporation Of Americas Invests In Tae Technologies; Funds Next-Gen Fusion Reactor To Accelerate Decarbonization
07/19/22, 1:36 PM
Location
new yorkSumitomo Corporation of Americas ("SCOA") announced today its investment in TAE Technologies ("TAE"), a fusion power company and world leader in hydrogen-boron fusion research. The investment will help fund the construction of TAE's next research reactor, "Copernicus" and accelerate SCOA's implementation of fusion power in Japan and Asia as part of the company's strategy to help realize a carbon-neutral society.
Company Info
Location
new york, united states
Additional Info
TAE Technologies (pronounced T-A-E) was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company's pioneering work represents the fastest, most practical, and economically competitive solution to bring abundant clean energy to the grid. With 1,800 patents filed globally and over 1,100 granted, $1.2 billion in private capital raised, five generations of National Laboratory-scale devices built and two more in development, and an experienced team of over 400 employees, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for thousands of years.
The company's revolutionary technologies have produced a robust portfolio of commercial innovations in large adjacent markets such as power management, energy storage, transmission, electric mobility, life sciences, and more. TAE is based in California, and maintains international offices in the UK and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future.
For more information, visit tae.com; for interviews contact press@tae.com