In an unexpected strategic pivot, Trump Media & Technology Group (TMTG) has announced a landmark merger with California-based energy firm TAE Technologies, creating a combined entity valued at over $6 billion. The agreement, unveiled Thursday through a joint statement, marks TMTG’s dramatic transition from social media and financial services into the advanced energy sector.
The newly formed organization will position itself as one of the world’s first publicly traded nuclear fusion companies, with ambitious plans to commence construction of the inaugural utility-scale fusion power plant as early as next year. This venture represents a significant bet on fusion energy—a cutting-edge technology that generates power through nuclear fusion reactions, potentially producing enormous energy output with minimal radioactive byproducts.
Under the merger terms, both companies will maintain equal 50% ownership stakes upon deal finalization, anticipated by mid-2026 pending regulatory reviews and shareholder approvals. TAE Technologies brings to the partnership substantial expertise in energy storage systems and power delivery solutions for batteries and electric vehicles, alongside its subsidiary TAE Life Sciences which focuses on cancer treatment technologies.
Devin Nunes, CEO of TMTG, characterized the move as a transformative step toward securing American energy dominance through revolutionary technology. He emphasized that his organization would provide crucial capital markets access and financing to accelerate the commercialization of TAE’s fusion technology.
The timing coincides with resurgent interest in reliable clean energy solutions, particularly driven by soaring electricity demands from artificial intelligence data centers. This energy crunch has revitalized nuclear power investments globally, including reactor restarts, facility expansions, and development of small modular reactors.
TAE Technologies has previously secured more than $1.3 billion in funding from prominent investors including Google and Goldman Sachs, underscoring the technological credibility behind this unconventional partnership between political media and advanced energy innovation.