Trump Media, Tae Technologies commence site selection planning process

Trump Media (DJT) & Technology Group and TAE Technologies announced that the site selection planning process for the first fusion power plant based on TAE’s technology is underway and that, following the receipt of required approvals and the closing of their previously announced merger, the combined company is anticipated to begin construction of its first fusion power plant in 2026, which is expected to be 50 MWe. Future plants are expected to be 350 – 500 MWe. Criteria for the initial site are expected to include: Minimum of 20 acres, facilitating construction of a planned 50 MWe fusion reactor, a future 350 – 500 MWe fusion reactor, and a next-generation reactor for advanced research; Access to a primary distribution grid that can transport adequate electricity to and from the plant; Proximity to a metropolitan hub, airport, and pool of local talent; Presence of local and state governments that support energy production and fusion power; Ability to maintain sufficient security for infrastructure and personnel TMTG and TAE recently signed a definitive merger agreement to combine in an all-stock transaction valued at more than $6B, with Nunes and Binderbauer serving as co-CEOs of the combined company. The transaction is expected to close in mid-2026, subject to customary closing conditions, including shareholder and regulatory approvals. TMTG and TAE will continue to operate as separate, independent entities until the Proposed Transaction closes.