The company behind US president Donald Trump’s Truth Social platform is merging with a Google-backed energy company in a deal valued at more than $6bn (€5bn) that could lead to construction of “the world's first utility-scale fusion power plant” next year.
Trump Media & Technology Group (TMTG) and TAE Technologies, a California-based private company developing technology to generate power from nuclear fusion, announced the plans on 18 December in a joint statement, which said the move would “create one of the world’s first publicly traded fusion companies”.
The statement said the combined company planned to begin constructing a 50-MW utility-scale fusion power plant next year, with further plants to follow.
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