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(⏱ 6 minutes, 9 pictures)
California, USA / Birmingham, England, January 24 – TAE Technology, the world’s largest private fusion energy company, today announced the formation of a new subsidiary, TAE Power Solutions.
Separated from TAE Technologies, TAE Power Solutions intends to deliver first-of-its-kind technologies to fundamentally improve the reliability, efficiency, longevity and affordability of electric powered products, from vehicles to renewable energy storage. Proprietary technology platforms stem from fusion research, and are a foundational step towards mass orientation electric vehicle and deployment of intermittent renewables as deliverable power.
The company launched with a world-class team of industry leaders, incl Kedar Munipella (above), who has been appointed as Chief Executive Officer. Munipella joins TAE Power Solutions from Applied Materials, a Fortune 200 company where he spent 16 years, most recently as Vice President and General Manager of the business unit dedicated to energy and environmental solutions.
Additionally, TAE Power Solutions has made two strategic acquisitions in the UK to strengthen its entry into new markets: fast Running Power, one of the largest transport electrification specialists in Europe, focused on the integration of high voltage driveline and electrical systems, and Eltrium, a design and manufacturing company specializing in the production of energy storage systems, power distribution and electronic assemblies. Through this acquisition, TAE Power Solutions gains an early foothold in existing projects, incl APC18 SPEED, program for advanced battery systems with BMW and other project partners.
The combined workforce is over 250 professional, headquartered in California, brings deep and longstanding domain expertise OEM Relations, positions TAE Power Solutions to be the market leader in emerging power management technologies.
“Starting TAE’s power management division is a tremendous opportunity to bring bold innovations from fusion-derived technologies into new applications with profound impact,” said Kedar Munipella, CEO of TAE Power Solutions. “We expect our significant improvements to electric vehicle battery life, performance and cost, along with conversion capabilities wind and solar Becoming an on-demand energy source will transform the future of electrification, creating opportunities for unprecedented efficiencies in e-mobility and energy storage.”
New Ecosystem for Energy
The road to Power Solutions started with TAE solving the power for fusion problem. The local grid near the company’s Southern California headquarters provides 2 MW of power, while the fifth-generation Norman fusion research reactor operates up to 750 MW. To support the company’s scientific research breakthroughs, TAE needed a highly scalable energy storage and power delivery system – one that could be used in the future to support commercial fusion power integration.
With no technology available in the market, TAE developed modular power and energy delivery solutions that can scale and deploy with high flexibility, efficiency and accuracy. two-way power on a sub-millisecond time scale.
To take advantage of this unique capability beyond fusion, TAE Power Solutions developed a proprietary smart AC power (ACi) and Converter Battery Module (CBM) technology featuring fully integrated energy storage and power electronics to unlock greater efficiency and performance of modern power systems.
Partnership Moving Forward
TAE Power Solutions is now developing a partnership for rapid commercialization in the e-mobility and stationary markets to extend the range, efficiency, performance and faster charging of electric vehicles, as well as for deployment in residential, commercial, industrial and utility grid applications. for superior affordability and lifetime value.
Over the past few years, TAE has been working closely Marelli, one of the world’s largest Tier 1 suppliers of automotive components, to validate the unique value proposition of TAE Power Solutions’ technology.
“As a global technology leader in the automotive industry, it is a priority for Marelli to continue to drive innovation forward, and with TAE Power Solutions we have found the ideal partner in this perspective,” said Joachim Fetzer, Chief Technology and Innovation Officer Marelli. “Our work with TAE Power Solutions over the years has focused on strong improvements in three critical factors for broad EV adoption: increased vehicle range, faster charging, and better overall vehicle value. With the ultimate goal of making electric vehicles work better, drive farther, last longer and be more affordable, this collaboration allows Marelli to play a role in creating the vehicles of the future with its customers.”
Continuous Growth, Groundbreaking Leadership
TAE Power Solutions is second a subsidiary created by TAE Technologies of innovations developed for fusion research. The first is TAE Life Scienceswhich leverages TAE’s proprietary accelerator technology for clinical investigations of promise, previously inaccessible cancer treatment.
TAE addresses the manufacturing and supply challenges inherent in building any new technology ecosystem, in part by commercializing beam-derived spin-off technologies and power management components in fusion devices.
TAE Power Solutions CEO Kedar Munipella and Chief Commercial Officer Ben Russell
“TAE Power Solutions is the perfect alignment of market talent, technology and resources to meet our growing power needs and realize TAE’s goal of creating a complete clean energy ecosystem,” said Michael Binderbauer, CEO of TAE Technologies. “With Kedar’s strategic and operational vision, together with our newly expanded workforce, TAE Power Solutions is becoming a one-stop shop for delivering revolutionary approaches to power distribution, power transportation and renewable energy storage for our growing carbon-free energy needs. ”
The launch of TAE Power Solutions is the latest on a list of important milestones for TAE Technologies. By 2022, the company announced it had exceeded its fusion reactor performance goals and had closed a $250 million financing round from investors. Google, Chevrolet, and Sumitomo Corporation, among other things, bringing the total raised to date to $1.2 billion.
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