The company behind former President Donald Trump’s Truth Social platform is set to merge with a prominent energy firm, TAE Technologies, in a deal valued at over $6 billion. This significant transaction, announced jointly on Thursday, aims to establish one of the globe’s inaugural publicly traded companies focused on fusion energy.

Fusion power, a process that harnesses the immense energy released from nuclear fusion reactions, holds the promise of generating vast amounts of power with minimal radioactive byproducts. The combined entity plans to commence construction of what it claims will be the world’s first utility-scale fusion power plant next year, with subsequent facilities to follow.

Upon completion of the merger, which is anticipated by mid-2026 and subject to regulatory and shareholder approvals, both Trump Media & Technology Group (TMTG) and TAE Technologies will hold an equal 50% stake in the new venture. This strategic alignment marks a notable pivot for TMTG, moving beyond its social media and financial services into the complex and capital-intensive energy sector.

TAE Technologies, a Google-backed entity, is recognized for its advancements in energy storage and power delivery systems, particularly for batteries and electric vehicles. Its affiliate, TAE Life Sciences, is also involved in developing innovative technologies and therapeutics for cancer treatment, showcasing a diversified portfolio.

Devin Nunes, chairman and CEO of TMTG, articulated his company’s commitment to this new direction, stating it represents a substantial leap towards a revolutionary technology that will secure America’s global energy leadership for future generations. He characterized fusion power as the most significant energy advancement since the 1950s, emphasizing TMTG’s role in providing the necessary capital and public market access to commercialize TAE’s groundbreaking technology.

The surge in electricity demand, particularly driven by the burgeoning artificial intelligence sector and its data centers, has reignited interest in reliable and cleaner energy sources, including nuclear power. This renewed focus encompasses the recommissioning of idle nuclear reactors, the expansion of existing facilities, and the procurement of future small modular reactors.

TAE Technologies has a strong financial backing, having previously secured over $1.3 billion in funding from a consortium of investors, including major players like Google and Goldman Sachs. This established financial foundation is expected to bolster the ambitious fusion energy project.

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Keywords: Trump Media, Truth Social, TAE Technologies, fusion energy, nuclear fusion, energy sector, $6 billion deal, AI data centers