A $6 billion merger between Trump Media & Technology Group (TMTG) and Google-backed TAE Technologies is set to propel the development of fusion power, with plans to build the world’s first utility-scale fusion plant. The deal, announced on Thursday, brings together TMTG, owner of the Truth Social platform, and TAE Technologies, a firm pioneering next-generation neutral beam systems for fusion.
The merged company will focus on meeting the surging electricity demand driven by the artificial intelligence boom. TAE Chief Executive Michl Binderbauer highlighted the synergy between the two companies, stating that TMTG’s “fortress balance sheet” will be paired with TAE’s technology platform, enabling the company to scale up its operations. The deal is expected to close in mid-2026, with shareholders from both companies owning approximately 50% of the combined entity.
Nuclear fusion, a highly experimental technology, aims to produce electricity by replicating the reaction that powers the sun. This innovative approach has the potential to provide a plentiful source of energy with minimal pollution and without greenhouse-gas emissions or long-lived radioactive waste. TAE Technologies, backed by Alphabet’s Google and oil major Chevron, has been developing cutting-edge technology to reduce costs associated with fusion.
The merger comes as Trump Media’s social media business, Truth Social, has struggled to generate significant revenue. In the three months ended September 30, the company reported revenue of $927,900, down from $1.01 million in the prior-year period, with a net loss widening to $54.8 million.
The planned construction of the world’s first utility-scale fusion power plant is slated to begin next year, with the site selection process currently underway. This project aims to provide electricity supply for artificial intelligence computing, underscoring the growing demand for sustainable energy solutions. As the world shifts towards more environmentally friendly technologies, this merger and the resulting fusion power plant project are poised to play a significant role in shaping the future of energy production.