Trump Media & Technology Group (TMTG), the entity behind the Truth Social platform, has announced a merger with TAE Technologies, an energy company. The agreement is valued at over $6 billion.
Merger Details
The merger plans were jointly announced by TMTG and TAE Technologies on Thursday via a statement. This consolidation is projected to establish one of the world's initial publicly traded companies focused on nuclear fusion.
About Fusion Power
Fusion power is an energy generation method that utilizes heat released from nuclear fusion reactions. This process is noted for its potential to yield significant amounts of energy while producing minimal associated radioactivity.
Future Plans
According to the joint statement, the newly combined company intends to commence construction of what it describes as the "world's first utility-scale fusion power plant" in the upcoming year. Additional facilities are projected to follow thereafter.