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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius. TAE’s safe, non-radioactive approach avoids carbon and particulate emissions, mitigating any impact on the environment or climate change. billion for its commercial fusion development.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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The completion of Chevron’s Big Foot project in the Gulf of Mexico will be pushed back by a few years because of equipment problems. By 2017, the company says it will cease deepwater exploration and will sell off its offshore leases that it does not plan on developing. Maintaining access to finance can come at a price.

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