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TAE Technologies partners with Occidental Low Carbon Ventures to explore the commercial use of fusion energy
Alternative Energy
Jun 11, 2024
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Alternative Energy

Alternative Energy

Jun 11, 2024

TAE Technologies partners with Occidental Low Carbon Ventures to explore the commercial use of fusion energy

Partnerships

  • TAE Technologies, a fusion energy development company, and Occidental Low Carbon Ventures (OLCV), a subsidiary of Occidental,  have signed a memorandum of understanding to explore using TAE's fusion technology to provide emissions-free power and heat for Direct Air Capture (DAC) facilities.

  • The two companies aim to use TAE's fusion technology as a potential emissions-free and continuous energy source for Occidental's DAC facilities. TAE also aims to demonstrate the reliability, cost savings, and safety of its power management systems in a commercial setting. 

  • Analyst QuickTake: TAE has been taking several strides toward commercial fusion in 2023. Most recently, in March 2023 , the company partnered with Japan’s National Institute for Fusion Science (NIFS), to carry out the world’s first hydrogen-boron fusion experiments in a magnetically confined fusion plasma. This moved the company closer to realizing a fusion power plant for electricity generation.

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