TAE closes $250m Series G-2 financing round
1 July 2022
TAE Technologies has successfully completed a $250 million Series G-2 financing round with investors such as Chevron, Google, Sumitomo Corporation of Americas, and others. The funds will facilitate the construction of the Copernicus research reactor to demonstrate net energy generation. The company aims to deploy fusion-derived technologies in the Asia-Pacific with Sumitomo's partnership.
Fusion approach: Field Reversed Configuration, Magnetic Confinement
Country/Region: USA
Tags: Goldman Sachs, Google, Reimagined Ventures, Sumitomo Corporation of Americas, TAE Technologies, TIFF Investment Management

