NT-Tao

Overview
Alternative Energy?
Product stageSegments

Emerging from stealth in 2022, NT-Tao is an Israel-based company developing a new approach to fusion. Although the company has not provided exact details of its technology, it states that it is developing a compact magnetic confinement system known as the Tao Machine with a proprietary plasma heating technology. The compact fusion reactor is expected to generate 10-20 MW of electricity and will be able to connect to the main grid and also be independent of it. The reactor is set to be the size of a shipping container.

NT-Tao claims that the ultra-fast plasma-heating method can reach 1000x higher density than other fusion reactors. This would make its fusion reaction one million times more effective and result in significantly greater efficiency of energy production than other solutions available.

NT-Tao aims to manufacture demonstration facilities by 2029 and commercialize them in the 2030s. As per the company’s CEO Oded Gour-Lavie, the estimated investment for a 20 MW power generation system is expected to be around USD 70 million to USD 100 million. The company anticipates generation costs to be 6 cents to 13 cents per kilowatt hour.

Funding and financials

In February 2023, NT-Tao raised USD 22 million in a Series A funding round led by Delek US and NextGear Ventures. The company planned to use the funds to expand its team, accelerate prototype developments, and build its new research facility. Other companies that have invested in NT-Tao include Honda Motors and Mitsui Sumitomo Insurance.

HQ location:
Israel Hod Hasharon ISR
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 22.0 mn
Last Funding:
USD 22.0 mn (Series A; Feb 2023)
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