TAE Technologies is a Fusion Energy company founded in 1998 and based in Foothill Ranch, USA. It has raised $1.2B in total funding, most recently a Growth in 2025.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jun 2, 2025 | Growth | $150M | — | Google, Chevron Technology Ventures |
| Jul 19, 2022 | Series G | $250M | — | Google, Chevron |
| Apr 8, 2021 | Series F | $280M | — |
| May 1, 2016 | Series E | $500M | — | Goldman Sachs |
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TAE's $150M National Laboratory-scale beam-driven field-reversed configuration (FRC) plasma device, named after co-founder Norman Rostoker. Norman sustains stable plasma at over 75 million degrees Celsius — 250% above its original design target — using neutral beam injection to heat and stabilize the FRC plasma. Data from Norman informs the design of Copernicus, TAE's next-generation device targeting net energy gain using deuterium-tritium fuel before the end of the 2020s.
TAE's planned next-generation fusion machine to be built in Irvine, California, designed to operate well above 100 million degrees Celsius and demonstrate net energy production from conventional D-T fuel. Copernicus is intended to validate TAE's beam-driven FRC approach at power-plant-relevant conditions, bridging from Norman's plasma performance to the Da Vinci prototype power plant targeted for the early 2030s using clean proton-boron fuel.
26 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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