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Truth Social Parent Merges with Fusion Energy Startup
18 Dec
Summary
- Trump Media merges with TAE Technologies for $6 billion.
- Combined company plans the first utility-scale fusion plant in 2026.
- Fusion promises clean energy but faces significant cost hurdles.
Trump Media and Technology Group has announced a merger with the private nuclear fusion company TAE Technologies, a deal valued at approximately $6 billion. This strategic move aims to create one of the first publicly traded nuclear fusion companies, with plans to construct the world's first utility-scale fusion power plant by 2026. This plant is projected to generate 50 megawatts, sufficient for about 15,000 homes.
TAE Technologies, founded in 1998, has secured over $1 billion in funding from prominent investors. Unlike nuclear fission, fusion mimics the sun's process by combining atoms to release energy, theoretically offering a clean, emission-free power source. However, commercial-scale fusion power remains elusive due to substantial technical and economic barriers, including high costs for advanced materials and fuel.
Despite these challenges, TAE's CEO expressed optimism, targeting 'first power' by 2031. This aggressive timeline is echoed by other fusion startups, indicating a growing race to commercialize this transformative energy technology. The merger positions the combined company to potentially play a key role in the future of energy and the AI revolution.
