TAE Technologies Appoints New COO to Lead Fusion Power Growth

Media
Media
Change of Management
Change of Management
Merger:
Mar 26, 2024
Industry:
COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap.:
2.73 bn.

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TAE Technologies Appoints Jeff Woodbury as President and COO as Fusion Power Plant Development Advances

Foothill Ranch, California - TAE Technologies, a prominent fusion energy company, has announced the appointment of Jeff Woodbury as its new President and Chief Operating Officer. This leadership expansion comes as the company accelerates the development of its inaugural utility-scale fusion power plant, aiming to integrate clean energy into the grid.

Woodbury joins the company with over three decades of energy sector experience, having previously served in senior leadership roles at Exxon Mobil Corporation. In his new position, he will oversee business strategy, operational foundations, and the deployment of TAE technologies to support the company's transition into a commercial energy enterprise.

Key Highlights

  • Jeff Woodbury brings extensive experience in large-scale energy operations and complex capital projects.
  • The company is actively advancing site selection for its first utility-scale fusion power plant.
  • The initial power facility is expected to generate approximately 50 MWe and commence operations in the early 2030s.
  • Future reactor designs are targeted to range between 350 and 500 MWe.
  • The company continues to prepare for its merger with Trump Media & Technology Group Corp. (TMTG), following which construction is expected to begin.

About Trump Media & Technology Group Corp.

The mission of TMTG is to end Big Tech’s s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content.

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