TAE Technologies, the Foothill Ranch-based company seeking to harness fusion energy, said it had received a $17.4 million grant from the California governor’s office.
The money will directly support job creation in fusion development, as well as TAE’s rapidly expanding power management business.
“TAE is on course to realize commercial fusion energy in the next decade, and it’s in no small part because we’ve drawn on a rich well of talent from the high-quality workforce of scientists, engineers, technicians, and tradespeople,” Michl Binderbauer, CEO of TAE Technologies, said in a statement yesterday. “California has a well-deserved reputation for being where the future is invented, and we are thrilled that our state is investing in innovations that will change humanity for the better.”
Fusion holds out the possibility of being a nearly limitless supply of clean energy.