• TAE Technologies, a fusion energy developer, has raised USD 250 million as the second tranche of its Series G funding round led by Google and other investors. This brings the company’s total funding to USD 1.2 billion. 

• The funds will be used for the construction of the company’s sixth-generation research reactor “Copernicus.” The new hydrogen-boron fusion reactor will be deployed at a 100,000 sq ft facility in California to demonstrate TAE Technologies’ advanced beam-driven field-reversed configuration (FRC) technology for energy generation.

• According to proof of concept, the Copernicus reactor can sustain stable plasma at more than 75 million degrees celsius.

• New investors Chevron, Reimagined Ventures, Sumitomo Corporation of Americas (SCOA), and TIFF Investment Managing also participated in the funding round. 

Analyst QuickTake : The company launched its fifth-generation reactor “Norman” to sustain stable plasma at 30 million degrees celsius in May 2017. TAE Technologies’ Copernicus reactor exceeded fusion reactor performance by 250%, after five years of experimenting with its Norman reactor.