Enabling the Building of Viable Fusion Technology
Goldman Sachs served as exclusive financial advisor on a $250 million financing round
Accelerating commercialization of fusion technology, TAE closed a $250 million financing round from strategic and institutional investors. Goldman Sachs served as exclusive financial advisor for the transaction. The capital raised will fund the construction of TAE’s sixth-generation research reactor, Copernicus, which is currently being constructed in a 100,000-square-foot facility in Irvine, California. TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius. After five years of experimenting to optimize Norman’s capabilities, the machine has displayed it can sustain stable plasma at more than 75 million degrees Celsius, 2.5X higher than its original goal.1
TAE’s Copernicus reactor is designed to demonstrate the viability of achieving net energy generation with TAE’s advanced beam-driven field-reversed configuration — the penultimate step on TAE’s path to commercialize clean fusion power.