FOOTHILL RANCH, CA. / BIRMINGHAM, UK – TAE Technologies, the world’s largest private fusion energy company, announced the formation of a new subsidiary, TAE Power Solutions. The new company aims to deliver a first-of-its-kind technology to fundamentally improve electric-powered products’ reliability, efficiency, longevity, and affordability, from vehicles to renewable energy storage.
The proprietary technology platform is derived from fusion research, and is a foundational step toward mass onboarding of electric vehicles and deployment of intermittent renewable energy as dispatchable power. The company launches with a world-class team of industry leaders, including Kedar Munipella, who has been appointed 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 a business unit dedicated to energy and environmental solutions.
In addition, TAE Power Solutions has made two strategic acquisitions in the UK to fortify its entry into new markets: Sprint Power, one of the largest transport electrification specialists in Europe, focusing on electrical systems integration and high voltage driveline, and Eltrium, a design and manufacturing company specializing in the production of energy storage systems, power distribution, and electronic assemblies. Through these acquisitions, TAE Power Solutions gains an early foothold in existing projects, including APC18 CELERITAS, a program for advanced battery systems with BMW and other project partners.
The combined workforce of over 250 professionals, headquartered in California, brings deep domain expertise and long-standing OEM relationships, positioning TAE Power Solutions to become a market leader in emerging power management technologies.
“Spinning off TAE’s power management division is an extraordinary opportunity to bring the bold innovations of fusion-derived technology 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 the ability to convert wind and solar into on-demand sources of energy, will transform the future of electrification, creating opportunities for unprecedented efficiencies in e-mobility and energy storage.”
The path to Power Solutions began with TAE solving a power problem for fusion. The local grid near the company’s headquarters in Southern California provides 2 MW of power, while its fifth-generation fusion research reactor, Norman, operates at up to 750 MW. To support the company’s groundbreaking scientific research, TAE needed an extremely scalable energy storage and power delivery system – one that could be deployed in the future to support integration of commercial fusion power.
With no existing technology available in the market, TAE developed a modular energy and power delivery solution that can incrementally scale and discharge with highly flexible, efficient, and accurate bi-directional power on a sub-millisecond time scale.
To leverage these unique capabilities beyond fusion, TAE Power Solutions developed proprietary intelligent AC power (ACi) and Converter Battery Module (CBM) technology that features fully integrated energy storage and power electronics to unlock greater efficiency and performance from modern power systems.
TAE Power Solutions is now forming partnerships to speed up commercialization in both the e-mobility and stationary markets. This will help electric vehicles have a longer range, be more efficient, perform better, and charge faster, as well as be used in residential, commercial, industrial, and utility-scale grid applications to make them more affordable and give them a better value over their lifetime.