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OC500 2022 – TECHNOLOGY: MICHL BINDERBAUER

CEO, PRESIDENT, TAE TECHNOLOGIES

WHY: Leads $5B-valued Foothill Ranch-based tech parent—nuclear fusion, energy beams, particle accelerators— spinning out firms after 20 years of researching, including cancer-hunter targeting inoperable tumors and EV super-charging business. $1.2B in backing.

IN THE NEWS: Company in July received additional $250M in funding from investors including Google and Chevron to build a sixth-gen research reactor. Funding supports company’s goal to develop and commercialize new source of clean energy that could fuel planet for next 100K years.

QUOTABLE: With one of the company’s power plants, “you could make copious electricity  at economic rates with no detriment to the environment.”

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