"United States President Donald Trump is getting into the fusion power business through a $6bn merger of his social media firm and Google-backed TAE Technologies, just days after industry representatives urged federal funding. The all-stock deal, announced on Thursday, is an ambitious bet on the power boom spurred by artificial intelligence (AI) data centres and adds to the Trump family's growing roster of diverse ventures from cryptocurrency to real estate holdings and mobile services."
"Growing electricity needs of the technology industry have in recent months revived interest in nuclear power, including restarting fully shuttered reactors, expanding existing plants and signing contracts for future small modular reactors. But despite decades of global efforts, nuclear fusion, often seen as a clean and reliable power source, has yet to produce a commercially viable reactor. TAE has been working with Google Research for more than a decade on fusion science, and its backers include Chevron and Sumitomo Corporation of Americas."
Donald Trump is entering fusion power through a $6bn all-stock merger between Trump Media and Google-backed TAE Technologies, expected to close mid-2026. Shareholders of both companies will own about 50 percent of the combined entity. Trump Media and Technology Group will hold Truth Social, TAE Power Solutions and TAE Life Sciences. TAE has partnered with Google Research for over a decade and counts Chevron and Sumitomo among backers. TAE operates energy-storage and a life-sciences unit pursuing biologically targeted radiotherapy. Rising electricity demand from AI data centres has renewed interest in nuclear power, but fusion has not yet produced a commercially viable reactor.
Read at www.aljazeera.com
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