TAE Technologies Commercializes Revolutionary Power Management Technology Developed for Fusion to Revolutionize Electric Vehicles, Charging Infrastructures and Energy Storage | State
– TAE Technologies, the world’s largest fusion energy pioneer, announces the formation of a Power Management division to commercialize its revolutionary energy management solutions
– TAE Power Management’s global expertise will help create lower cost and more efficient electric vehicles, transform charging infrastructure and energy storage
– Innovation created for TAE’s revolutionary fusion energy platform stores energy intermittently to buffer standard grid power
– The new division is already in advanced talks with global automakers and fuel retailers
– Highly experienced automotive industry expert David roberts announced as CEO of the new division
– The energy storage and electric mobility markets are estimated $ 1.2T per year by 2030
ALFALFA, Switzerland and LONDON and FOOTHILL RANCH, California, September 21, 2021 / PRNewswire / – TAE Technologies, the world’s largest privately-held fusion energy company, has announced the formation of a new division dedicated to energy management. The breakthrough technologies of TAE Power Management will enable the next generation of electric vehicles and accelerate the adoption of electrified energy and storage systems.
TAE Power Management utilizes TAE’s technologies that were originally developed for its pioneering fusion energy architecture, and the requirement to intermittently store large amounts of energy and release it in precise, high increments. power for its fusion test facilities. TAE’s proven power management technology provides a transformative solution for the electric mobility market, and the new company is already in advanced discussions with the world’s leading automakers and fuel retailers.
TAE Power Management now enables the real potential and widespread adoption of electric vehicles to be harnessed by revolutionizing the infrastructure around electric mobility. It offers an end-to-end powertrain that delivers maximum efficiency and range, increased safety and reliability, greater design flexibility, and significantly faster charging, all at a lower cost.
The company also offers its proprietary modular power management technologies to transform electric vehicle charging, residential and commercial energy storage, and plans to expand into aerospace, mass transit, marine transportation, fleet operations and several other sectors.
Automotive and aerospace industry veteran
Leading UK based industrialist David roberts has been appointed Managing Director of the Power Management division and will report directly to the CEO of the TAE Group, Michl Binderbauer. Roberts will lead the global deployment of TAE power management technology, bringing strong strategic vision and experience from a 40-year career in the automotive and aerospace industries, and strong connections with global OEMs and the UK government.
The new division is already well-staffed with experienced engineers, product specialists and a business development team. It has ambitious plans to grow and scale rapidly, generating revenue as early as 2022 through licenses and partnerships. Together, the energy storage and electric mobility markets are estimated at $ 1.2T per year by 2030.
David roberts, CEO, TAE Power Management Division “I am very excited about TAE’s power management technology, which is truly revolutionary. It will completely transform the electric vehicle mobility market, while significantly reducing operating costs. Plus, we can advance everything from utility drivetrains to the efficiency of electric vehicles. It is the most exciting project I have ever had the privilege to bring to market. “
Michl Binderbauer, CEO, TAE Group “As the global demand for electricity increases, we will need more efficient and sustainable solutions to tackle climate change and the transition to an increasingly electrified world. TAE believes that the merger is essential to achieve this result. Now, the technology that has powered TAE’s innovative fusion platform since 2017 is being commercialized in a complete clean energy ecosystem. Thanks to David’s strategic experience and his in-depth knowledge of these application areas, especially in the mobility sector, we will be able to scale quickly and bring our advances to market. TAE Power Management will improve storage, optimize access to renewable energy sources, extend the range and performance of electric vehicles and help build a more efficient network for years to come. to come.”
TAE power management technology: a universal platform
With no viable energy management solution available in the market to bridge the gap for fusion needs, TAE has developed intelligent, proprietary modular technology that manages energy flows ranging from more than 10 kilowatts. , the equivalent consumption of a single-family home, at gigawatt levels, as produced by large power plants. The software can handle all power regardless of chemistry or battery size.
The division’s scalable power modules work together as a network to provide precise power output while actively monitoring and controlling state of charge and temperature at the individual module level. A small number of these integrated power “building blocks” eliminate the need to source from thousands of system-specific electronic components such as inverters, resulting in significant performance gains. efficiency and longevity for large-scale savings.
Today, TAE Power Management is an elegant universal platform solution that has additional applications in residential and commercial energy storage, industrial and data centers, peak shaving, load transfer, power factor correction, microgrids, electric mobility, electric vehicle charging stations, and more.
For more information on TAE Power Management and TAE Technologies, visit tae.com.
About TAE Technologies
TAE Technologies (pronounced TAE) was founded in 1998 to develop commercial fusion energy with the cleanest environmental profile, and represents the fastest, most convenient and most economically competitive solution for bringing abundant energy to the grid. With more than 900 patents issued, more than $ 880 million With private capital, six generations of national lab-scale devices, and an experienced team of over 250 employees, TAE is now poised to deliver this transformational energy source capable of sustaining the planet for centuries. The company’s breakthrough technologies have produced a strong portfolio of business innovations in other large adjacent markets such as energy management, energy storage, transmission, electric mobility, life sciences, etc. TAE is based at California, and maintains international offices in the UK and Switzerland. Multidisciplinary and mission-driven by nature, TAE leverages proprietary science and engineering to create a bright future for us all.