TAE Power Solutions’ new offices in Dudley will be a battery prototype-and-test facility to develop, validate, and industrialize modular battery packs for e-mobility and energy storage.
TAE Technologies, the world's largest private fusion energy company, today announces the formation of TAE Power Solutions, a new subsidiary. TAE Power Solutions intends to deliver a first-of-its-kind technology to fundamentally improve the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.
Twenty five years ago TAE Technologies was founded with the singular purpose of developing commercially viable, economical, carbon free fusion energy. Steeped in the promise of theory and led by the vanguard of plasma physics scientists, we targeted fusion—and continue to make advancements there daily.
To meet TAE Technologies' needs for its experimental fusion device, Norman, the company came up with a solution — one that would involve a bespoke power supply system using a combination of algorithms and hardware. The same kinds of fluctuations required for a fusion reactor, TAE realized, were similar to the fluctuations in demand needed in electric mobility and for energy storage applications. TAE, in meeting Norman’s requirements, took it a step further, developing a spinoff called TAE Power Solutions.
The move allows the parent company to focus on its fusion, and the new entity to focus on its battery technology for vehicles and renewable storage facilities.
With more than a dozen companies working on different designs to trigger and control fusion reactions, researchers have also come up with innovative systems that can be used in applications from medicine to industrial imaging to electric vehicles. Creating businesses around these products can generate revenue now that will help support the end-goal of a fusion power plant, said Michl Binderbauer, chief executive officer of TAE Technologies Inc.
Nuclear fusion could transform the world's energy system, our lives and our homes. The global energy crisis is clear evidence that we must keep investing in it.
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