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Leading private fusion energy company with $1.3B+ raised; closed a $150M round in June 2025 backed by Google and Chevron, and announced a $6B+ merger with Trump Media in December 2025.
TAE Technologies is the world's most-funded private fusion energy company, founded in 1998 by Norman Rostoker and Michl Binderbauer and headquartered in Foothill Ranch, California. The company is developing a compact, hydrogen-boron fusion reactor — a "field-reversed configuration" approach — that promises carbon-free energy without radioactive waste, using abundant and widely available fuel. Unlike most fusion companies that pursue deuterium-tritium reactions, TAE's hydrogen-boron approach, if achieved, would produce energy primarily as direct electricity rather than through steam turbines, potentially offering higher efficiency. TAE has also developed commercial power management technology used in electric vehicles and cancer treatment systems that generate near-term revenue while fusion R&D continues.
Helion Energy is a leading private nuclear fusion company pursuing the world's first commercial fusion power plant, with a power purchase agreement with Microsoft for 2028 delivery. HQ: Everett, WA.
Helion Energy is a fusion energy company working to develop the first commercially viable nuclear fusion power plant. Founded in 2013 and headquartered in Everett, Washington, Helion has pioneered a unique approach to fusion: instead of using deuterium-tritium (D-T) fuel like most fusion programs, Helion uses deuterium-helium-3 (D-He3) fuel with a proprietary field-reversed configuration (FRC) reactor design that simultaneously generates electricity directly through electromagnetic induction — potentially skipping the turbine step that adds complexity to other fusion approaches.
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