TAE Technologies, the world’s largest privately held fusion power company, today announced the formation of a new subsidiary, TAE Power Solutions.
Spinned out of TAE Technologies, TAE Power Solutions intends to offer one-of-a-kind technologies to fundamentally improve the reliability, efficiency, longevity and affordability of electrical products ranging from vehicles to renewable energy storage. The proprietary technology platform is derived from Fusion Research and is an important step towards the large-scale use of electric vehicles and the deployment of intermittent renewable energy as dispatchable power.
The company launches with a world-class team of industry leaders, including Kedar Munipella, Who has been appointed CEO , Munipella joins TAE Power Solutions from Fortune 200 company Applied Materials, where he spent 16 years, most recently as vice president and general manager of a business unit dedicated to energy and environmental solutions.
In addition, TAE Power Solutions has made two strategic acquisitions in the United Kingdom to strengthen its entry into new markets: Sprint Power, one of the largest transport electrification specialists in Europe, with high-speed transmission lines and electrical system voltage Focuses on integration. , and Eltrium, a design and manufacturing company specializing in the production of energy storage systems, power distribution, and electronic assemblies. Through these acquisitions, TAE Power Solutions has gained early access to existing projects, including APC18 Celeritas, a program for advanced battery systems with BMW and other project partners.
The combined workforce of over 250 California-based professionals brings deep domain experience and long-standing relationships with OEMs, making TAE Power Solutions the market leader in emerging power management technologies.
“The spin-off of TAE’s power management division is an exceptional opportunity to bring the bold innovations of fusion-derived technology to new applications,” said Kedar Munipela, CEO of TAE Power Solutions. “We expect that our significant improvements in electric vehicle battery life, performance and cost, combined with the ability to convert wind and solar energy into on-demand power sources, will change the future of electrification, with unprecedented potential in electric mobility.” Will create opportunities.And energy storage.
new ecosystem for energy
The road to power solutions began when TAE solved the power problem for Fusion. The local grid near the company’s Southern California headquarters provides 2 MW of electricity, while its fifth-generation Norman fusion research reactor operates at up to 750 MW. To support the company’s innovative scientific research, TAE needed a highly scalable energy storage and power supply system that could be deployed to support the integration of commercial fusion power in the future.
With no existing off-the-shelf technology available, TAE has developed a modular power and power supply solution that scales incrementally with highly flexible, efficient and accurate bi-directional power on sub-millisecond time scales. and can discharge.
To harness these unique capabilities beyond fusion, TAE Power Solutions has developed the patented Intelligent AC Power (ACI) and Battery Converter Module (CBM) technology, which includes a complete range of AC power solutions to unlock the greater efficiency and performance of modern power systems. Well integrated power electronics and energy storage facilities.
Moving forward, TAE Power Solutions is now rapidly developing market share in the stationary and electric mobility markets for range, efficiency, performance and fast charging of electric vehicles, as well as for deployment at residential, commercial, industrial and utility scales. Is. Electrical grid applications for improved affordability and lifetime value.
For the past few years, TAE has been working with Marelli, one of the world’s largest Tier 1 automotive component suppliers, to validate the unique value proposition of TAE Power Solutions technologies.
“As a global technology leader in the automotive industry, continued innovation is a priority for Marelli, and in TAE Power Solutions we found an ideal partner for this perspective,” said Joachim Fetzer, Director of Technology and Innovation at Marelli . “Our work with TAE Power Solutions over the years has focused on significant improvements in three factors critical to widespread EV adoption: longer vehicle range, faster charging and better overall vehicle value. This collaboration allows Marelli to play a role in creating the vehicles of the future alongside its customers, with the ultimate goal of making electric vehicles work better, drive farther, last longer and be more affordable.
Sustainable Development, Innovative Leadership
TAE Power Solutions is the second subsidiary created by TAE Technologies from innovations developed for Fusion Research. The first was TAE Life Sciences, which leverages TAE’s proprietary accelerator technology for clinical investigation of a promising and previously inaccessible cancer treatment.
TAE is addressing the manufacturing and supply challenges inherent in building any new technology ecosystem, by commercializing spin-off technologies derived from the beam and power management components in fusion devices.
“TAE Power Solutions is the right combination of talent, technology and market resources to meet our growing power needs and achieve TAE’s goal of creating a complete, clean power ecosystem,” said Michele Binderbauer, CEO of TAE Technologies. “With Kedar’s strategic and operational vision, together with our newly expanded workforce, TAE Power Solutions is committed to providing a revolutionary approach to power distribution, electrified transportation and renewable energy storage for our growing needs for carbon-free energy. One-stop-shop is being built. , ,
The launch of TAE Power Solutions is the latest in a list of significant milestones for TAE Technologies. In 2022, the company announced it had exceeded performance goals for its fusion reactor and closed a $250 million funding round from investors Google, Chevron, and Sumitomo Corporation, bringing the total to $1.2 billion. has gone.