Trump Media & Technology, the parent company of Truth Social, on Thursday announced a merger with TAE Technologies, Inc., a leader in fusion technology that’s backed by investors including Google, Chevron, and Goldman Sachs. The deal, valued at $6 billion, creates the first publicly traded fusion company.

It managed to surprise the market, a rarity during a Trump presidency whose political brand has been built on shock value. The media company’s unlikely entry into fusion is ostensibly a bid to capitalize on the artificial intelligence boom and its skyrocketing power demands, which have pushed both investors and startups into a race for new sources of firm power. Fusion — which relies on a still unproven technology and has yet to be commercialized — could be transformative as a carbon-free, nearly limitless source of baseload power.

Devin Nunes, a Trump loyalist who left Congress to be CEO of Trump Media in 2022, said in a statement that fusion power will be “the most dramatic energy breakthrough” since nuclear energy in the 1950s and ensure the country’s AI supremacy, a major Trump priority. Since January, the administration has issued a flurry of executive orders aimed at beating China at the AI race, such as directing federal agencies to speed up permits for data center construction and preempting state laws regulating AI.

Despite the advances in fusion power in recent years, the technology is still unproven. A joke among skeptics is that fusion “is thirty years away, and will always be thirty years away”; many scientists predict the mid-2030s is the most realistic timeline for fusion power to enter the grid.

The goal of fusion is to harness the nuclear reactions that powers the sun to create clean, nearly limitless energy in power plants on Earth. Scientists have been working on this for decades, but historically the process uses more energy than it produces.

A breakthrough arrived in 2022, when the National Ignition Facility at Lawrence Livermore National Laboratory managed, for the first time, to break even on energy for fusion ignition. That program cost billions of dollars, and took decades to reach so-called “ignition.”

No company has taken things the necessary step further and managed to create a reaction that produces more energy than it consumes — a prerequisite to commercialized fusion. Many are trying, including TAE, Helion Energy (which has a power purchase agreement with Microsoft), and Commonwealth Fusion Systems.

The latter is considered the richest fusion startup in the world, having raised over $2 billion to date. CFS in September signed a PPA with the Italian energy giant Eni for a planned fusion plant in Chesterfield County, Virginia. The agreement is worth more than $1 billion, though the specific financial terms weren’t being made public.

The details of Trump Media-TAE’s project were sparse as well. The combined company said it plans to site and start construction of the world’s first utility-scale fusion power plant (50 megawatts) in 2026 — assuming it can secure approvals — and eventually scale up to 500 MW plants.

  • Basic Glitch@sh.itjust.worksOP
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    18 days ago

    No company has taken things the necessary step further and managed to create a reaction that produces more energy than it consumes — a prerequisite to commercialized fusion. Many are trying, including TAE, Helion Energy (which has a power purchase agreement with Microsoft), and Commonwealth Fusion Systems.

    It’s just the slightest bit weird nobody seems to feel it’s worth at least mentioning the involvement of the MIT professor murdered in his home on Monday, with TAE competitor Commonwealth Fusion Systems in articles about Trump’s business deal or articles about the murder. Keeping my fingers crossed for a Streisand effect.🤞

    Jan 2019: From MIT News: “Nuno Loureiro: Understanding turbulence in plasmas”

    Tokamak-style fusion devices, like the Alcator C-Mod developed at MIT’s Plasma Science and Fusion Center (PSFC), where Loureiro’s research group is based, are a promising approach, and recent the spinout company Commonwealth Fusion Systems (CFS) is working to commercialize the concept. But fusion devices have yet to achieve net energy gain, in large part because of turbulence.

    1 month ago:Why the AI Industry Is Betting on a Fusion Energy Breakthrough

    The fusion-energy industry’s total funding has jumped from $1.7 billion in 2020 to $15 billion as of September 2025, according to a report by E.U. body Fusion for Energy. Alongside Altman, who has said AI’s future depends on an energy breakthrough, investors in Helion include OpenAI funder SoftBank as well as Facebook co-founder and early Anthropic backer Dustin Moskovitz. Nvidia has backed Helion rival Commonwealth Fusion Systems (CFS). So too has Google, which has also invested in another player, TAE Technologies. “AI is a big driver [due to] the energy needs … to power their data centers,” says Troy Carter, director of Oak Ridge National Laboratory’s fusion-energy division.

    • athairmor@lemmy.world
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      18 days ago

      Funding

      Main financing has come from Goldman Sachs and venture capitalists such as Microsoft co-founder Paul Allen’s Vulcan Inc., Rockefeller’s Venrock, and Richard Kramlich’s New Enterprise Associates. The Government of Russia, through the joint-stock company Rusnano, invested in Tri Alpha Energy in October 2012, and Anatoly Chubais, Rusnano CEO, became a board member. Other investors include the Wellcome Trust and the Kuwait Investment Authority. As of July 2017 the company reported that it had raised more than $500 million in backing. As of 2020, it had raised over $600 million,which rose to around $880 million in 2021 and $1.2 billion as of 2022.

      https://en.wikipedia.org/wiki/TAE_Technologies

      The connection to Russia adds to the suspicion.

    • nymnympseudonym@piefed.social
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      18 days ago

      Looks like we came to similar conclusions and posted at about the same time :)

      BTW I have been following CFS for a few years. IMO they have solved the problem and are 90% of the way to So Much Win. The moment little chumps like me can invest in them to help save the planet and earn dividends as well… you bet I will.

      • Basic Glitch@sh.itjust.worksOP
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        18 days ago

        I don’t know much about fusion or the companies, but just started looking into it because of the weird circumstances surrounding his murder and the involvement of so many big oil companies/anti-regulation/anti-science billionaires currently running the department of energy. They seem to want to get these data centers rolling as soon as possible, regardless of who they might hurt in the process.

        Even more than just competition between different fusion companies, it seems very odd that 5 days before he was murdered, there was a House meeting to discuss the reorganization to the Department of Energy.

        Office of Fusion and Office of AI and Quantum, which he said will focus on supporting companies to deliver “real” quantum capabilities and fusion power plants. They also said it is unclear if the Office of Clean Energy Demonstrations will continue to exist. The headline of this story has since been updated accordingly.

        In particular, this information really stood out:

        “Sometimes people say, ‘Well, are you doing it in tension with the support of the basic science?’ We’re not. We’re saying, because we’ve succeeded in investing in that, we have the opportunity now to create an industry,” he said.

        But what if there was tension with basic science? In particular basic scientists who couldn’t necessarily be bought to agree with everything the DOE is doing?

        Lofgren criticized Wright (secretary of the DOE) for not testifying before the committee, saying “there must be accountability” for actions at DOE this year, including “the mass firings and coerced departures of dedicated experts throughout DOE, the illegal elimination of the Office of Clean Energy Demonstrations, insanely inaccurate statements regarding the role that renewables play in ensuring the reliability of our electric grid, [and] the widely debunked climate ‘science’ report that the secretary commissioned.”

        I don’t know much about Loureiro, but I have a hard time believing he devoted his life trying to help humanity solve the issue of sustainable and clean energy, but was totally chill with some shadowy billionaires using his work while ignoring science and safety to win a race against other billionaires.

        $9 billion already invested by venture capitalists isn’t chump change, but those are also the kind of people who don’t understand integrity and the work and legacy you want to leave behind isn’t always for sale.

        What if the most well known expert in the field was asked to provide testimony about his own views on the DOE reorganization, or if he believed closing the Office of Clean Energy Demonstrations (OCED) conflicted with basic science? Would the people pushing to close these offices, reshuffle the funds to other places, and end regulations be willing to kill somebody who gets in their way? When they so clearly value money above the future/fate of the entire planet and all humanity, it’s difficult to believe they would place much value on a single human life.

        This article was published yesterday: How Chris Wright remade DOE

        The Department of Energy is moving at a fast clip and making major changes under Secretary Chris Wright as the first year of President Donald Trump’s second term wraps up. Thousands of staffing positions have been cut. Over $11 billion in grants has been canceled. Decades-old energy efficiency regulations have been dismantled. DOE has issued emergency orders to keep coal plants from retiring, part of its focus on fossil fuels. And it’s pushing to expand the data center boom.

        “We’ve moved from an energy scarcity era in the Biden administration to an energy abundance era in the Trump administration,” she said. “There’s no need for the government to set rules for efficiency.”

        “under the recent DOE reorganization, unspent OCED funds are being reprogrammed to other offices within the department.”

        Wright himself is a major change-maker in the federal government and energy world. As a former CEO of fracking services company Liberty Energy, Wright is steeped in data on energy systems and a frequent guest on media outlets like Fox News. At an event last week, Trump called Wright the “greatest oil man anywhere in the world.”

        Meanwhile, nuclear energy is a major priority for the administration. The White House has pledged to quadruple nuclear energy in the United States by 2050 and is pushing the Federal Energy Regulatory Commission to expedite license approvals.

        DOE is poised to fund new uranium enrichment projects in the U.S., with a deadline approaching on a cutoff for Russian imports that are vital to the U.S. nuclear sector. But so far, utilities are moving sluggishly — if at all — to contract to build new nuclear plants.

        With other emerging technologies, like fusion, funding is also a critical issue. Wright has been pushing for fusion — which envisions power plants using the same reaction powering the sun — and the recent DOE reorganization created a new office for the industry. The move will help gear the department more toward commercialization of projects, but details are being sorted out, said Andrew Holland, CEO of the Fusion Industry Association.

        The new office shows the “administration takes seriously the goal and challenges of getting fusion energy commercialized,” said Holland, who met with Dario Gil, DOE’s undersecretary for science, this month.

        But “there’s a reality that we’re in a budget-constrained environment,” he said in an interview. The fusion office currently is funded at around $800 million, and the industry is pushing for funding closer to $1 billion annually.

        “We’re confident if the administration asked for it, Congress would support them,” Holland said.

        That could almost be seen as vaguely threatening in context of everything else.

        • nymnympseudonym@piefed.social
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          18 days ago

          AI data centers are the reason small modular reactors will be commonplace in the next decade, and will provide the demand for Fusion investment.

          The demand is creating the economics and politics needed to move these real solutions forward.

          • Basic Glitch@sh.itjust.worksOP
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            18 days ago

            Demand is the reason we need to accelerate smnr and fusion regardless of the consequences.

            Who exactly is demanding data centers be rolled out as fast as possible?

            It’s not the majority of the people in the U.S., it’s a handful of billionaires telling us this is for our own good and we should just trust them. Because they’re the experts.

            They also need to ignore regulation to make this happen as fast as possible.

            They believe these regulations aren’t important.

            Science and history disagree. I trust the expertise of science and history.

            • nymnympseudonym@piefed.social
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              17 days ago

              It’s me. I want a cure for virtually every human disease, clean fusion energy, and more.

              I read arXiv papers to understand these things. Where do you get your information

              • Basic Glitch@sh.itjust.worksOP
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                17 days ago

                I’m a scientist watching a lot of very talented people who have dedicated their lives to solving those problems, now having their careers destroyed and deemed obsolete because they can’t magically turn the work they do into something that can be done by AI. Because AI doesn’t do any of that.

                How does rolling out data centers make any of that a reality? We’re nowhere near the point of AI actually accomplishing any of that stuff. Yet it’s being jammed down everyone’s throat anyway, consequences be damned.

                Automation can save time, but it doesn’t actually solve any of those problems. Many of these giant AI companies don’t even have simple automation down. They’re just relying on mass sweat shop labor.

                • nymnympseudonym@piefed.social
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                  17 days ago

                  Several Nobel prize winners disagree. You seem to forget AlphaFold, the rise of automated theorem provers in mathematics, the incredible advances in climate prediction and more all in the last 4 years

                  • Basic Glitch@sh.itjust.worksOP
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                    17 days ago

                    You seem to forget the people who are pushing for the removal of regulations in order to roll out data centers as fast as possible have submitted reports (likely AI generated) that are riddled with debunked climate science as a justification.

                    I’m not saying AI doesn’t have an important role to play. I’m saying we’re not at the point where there is any reason to believe the ends will justify the means being used to get there.

                    There seems to be a very real possibility we are speeding up the destruction of the planet to roll out a bunch of very expensive and energy sucking holes in the ground that will be empty buildings by the next decade.

                    There is great possibility in the future of AI. However, we are also currently doing a lot of harm by making funding cuts to basic science and clinical research in order to reallocate this money to “AI” because of what we hope to accomplish in the future.

                    NIH funding cuts have affected over 74,000 people enrolled in experiments, a new report says

                    NIH shut out hundreds of young scientists from funding to start their own labs

                    These people are so blinded by the glowing promise of what they hope to accomplish, they will justify all kinds of horrible shit to reach that point. They believe so strongly that as long as they approach the problem with a utilitarian mindset, then they are essentially saviors of humanity while ignoring all the unnecessary harm and destruction they cause in the process to help the “greatest number of people.” Mainly because they want to profit and they want the legacy of getting credit for “saving humanity.”

                    For example, even SMNRs are not without their own unique risks, especially in places that face severe weather and are prone to flooding. Yet in my own state (Louisiana) people want to cut safety regulations and roll them out right away. It doesn’t matter if we are extremely prone to flooding, and we can’t even go more than a few months without boil water advisories, the promise of what could (hopefully) be is too important to do anything other than completely throw caution to the wind.

                    The reality of science is that it can’t always be exciting and innovative, there is no single savior or group of powerful saviors, and great science is definitely never the result of demanding it happen as fast as possible. Science is often very tedious and boring work, and there are some ways AI can definitely help with that, especially with big data. However, most of the tedious work still has to be done in order to learn what actually works and what doesn’t. Not to mention it’s always done with the understanding that real world variability can never fully be accounted for in a lab (or an AI model). That’s why you have to proceed with reason and caution before charging full speed ahead.

                    This is also why many scientists choose academia and basic science over a more lucrative career in industry. The incentive of basic science is to learn and discover, not to increase the bottom dollar of the people who dumped their money into your work like they were placing a bet, and now they expect a return on that money ASAP, even if it turns out what they invested in doesn’t actually work right away, or if it does more harm than good.

    • Fredselfish@lemmy.world
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      17 days ago

      And yes and the suspected killer just happen to be found dead in a storage facility. I dont go for conspiracy but goddamn if this one is just to…this should be front page news.