TAE Technologies has revealed today (July 19) it has secured $250m from a financing round to fund the construction of its next hydrogen-boron fusion reactor, dubbed, Copernicus.
Set to be constructed in a 100,000 square foot facility in Irvine, California, US, Copernicus is designed to demonstrate the viability of achieving net energy generation with TAE’s advanced beam-driven field-reversed configuration (FRC).
According to TAE, its non-radioactive hydrogen-boron fusion approach represents the fastest, most practical, and economically competitive solution to bring abundant carbon-free energy to the grid.
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