Fusion Power Plant
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Trump Media & Technology Group and TAE Technologies Commence Site Selection Planning Process for Pioneering Fusion Power Plant
Globenewswire· 2026-01-06 13:30
Core Insights - Trump Media & Technology Group Corp. (TMTG) and TAE Technologies, Inc. (TAE) are in the process of site selection for the first fusion power plant utilizing TAE's technology, with construction expected to start in 2026 [2][4] - The initial fusion power plant is planned to have a capacity of 50 MWe, with future plants projected to range from 350 to 500 MWe [2][3] Company Overview - TMTG aims to counteract Big Tech's censorship by providing platforms for free expression, including Truth Social, a social media platform, and Truth+, a family-friendly streaming service [5] - TAE Technologies focuses on developing sustainable fusion power solutions and operates subsidiaries in energy storage and life sciences [6] Merger Details - TMTG and TAE have signed a definitive merger agreement valued at over $6 billion, with the transaction expected to close in mid-2026, pending regulatory and shareholder approvals [4] - Devin Nunes and Dr. Michl Binderbauer will serve as co-CEOs of the combined entity [4] Site Selection Criteria - The site for the fusion power plant must be a minimum of 20 acres, have access to a primary distribution grid, be near a metropolitan hub, and have supportive local and state governments [7] - Security for infrastructure and personnel is also a critical factor in site selection [7] Technology and Market Potential - TAE's fusion technology aims to provide reliable, affordable, and carbon-free electricity while avoiding risks associated with traditional nuclear power [3] - The increasing demand for power and the safety profile of fusion energy are seen as significant advantages for the deployment of this technology [3]
Fusion deal: Why Trump Media is merging with TAE Technologies
CNBC· 2025-12-18 18:52
Core Viewpoint - Trump Media and TAE Technologies are merging in an all-stock deal valued at over $6 billion, which will provide the necessary capital to bring TAE's first fusion power plant online in the U.S. by 2031 [1][4]. Company Overview - TAE Technologies aims to commercialize fusion power, a form of nuclear energy that fuses atoms and does not produce long-lived radioactive waste, unlike traditional fission reactors [2][3]. - Trump Media operates the Truth Social app and has a market capitalization exceeding $4 billion, despite reporting a net loss of $54.8 million for Q3 2023 with revenues just under $973,000 [4][5]. Financial Aspects - Trump Media will invest up to $200 million in TAE, with an additional $100 million contingent upon SEC filing [4]. - TAE has raised over $1.3 billion in private capital since its founding in 1998, with notable investors including Chevron and Alphabet's Google [9]. Project Plans - The merged company plans to site and begin construction on the world's first utility-scale fusion power plant by 2026, which is expected to generate 50 megawatts of electrical power [5]. - Future plans include scaling up to generate between 350 to 500 megawatts of power, which is significantly less than traditional fission plants that can produce two to three times that amount [6]. Leadership and Strategy - Devin Nunes, CEO of Trump Media, and Michl Binderbauer, CEO of TAE, will serve as co-CEOs of the merged entity [8]. - The combined company aims to leverage capital and technical capabilities to bring abundant nuclear energy to the grid, addressing the increasing energy demands driven by the AI boom [7][8].