"Trump Media, the company that runs social network Truth Social, is pivoting to nuclear fusion. It has announced a merger with California-based fusion power company TAE Technologies, and plans to start construction on a fusion power plant in 2026. Trump Media & Technology Group will become the holding company of the new organization, though shareholders from each company will own approximately half of the newly formed firm, which the companies say will be valued at more than $6 billion."
""Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we're taking a big step forward toward a revolutionary technology that will cement America's global energy dominance for generations," said Trump Media CEO Devin Nunes. "Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s - an innovation that will lower energy prices, boost supply, ensure America's AI supremacy, revive our manufacturing base and bolster national defense.""
Trump Media is combining with TAE Technologies to form a new firm valued at over $6 billion, with shareholders from both companies owning roughly half. Ownership of Trump Media was shifted to a trust managed by Donald Trump Jr., who will be one of nine board members of the combined company. The new organization intends to begin construction on a 50MWe utility-scale fusion power plant in 2026 and aims to have it operational by 2031, with larger 350–500MWe plants planned. The project must secure a site and permits. TAE Technologies has decades of fusion development experience and has received investment from Google; earlier efforts explored using AI to advance the technology. Projected benefits include lower energy prices, increased supply, strengthened AI capabilities, revived manufacturing, and enhanced national defense.
Read at The Verge
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