Trump Media and TAE Technologies announced a landmark merger valued at $6 billion, creating a new firm that will focus on revolutionizing energy solutions. ENGIE and ECP anticipate the deal will close by mid-2026, subject to required regulatory and shareholder approvals. The resulting merger will produce a 50-50 ownership split. Each firm will own an equal 50% interest in the joint venture company.
TAE Technologies is known for its cutting-edge technology in energy storage and power delivery systems. Their innovations are netting big dividends, particularly for batteries and electric vehicles. Their innovations have been praised as the biggest energy breakthrough since the 1950s. With this merger behind it, Trump Media is set to access this capital and enter the public market. Their goal is to help TAE’s technology become commercially viable.
Devin Nunes, the new chief executive of Trump Media, faces a tall order. At the new firm, he will remain the co-chief executive. Donald Trump Jr., the son of the former president, will be seated on the nine-member board. As a joiner to this merger, this board will govern the future, combined company. This advisory board will include leaders from both organizations, providing a balanced and thoughtful approach to the decision-making process.
The agreement includes a $100 million (£74.7 million) commitment by the two merged organizations. This sum will be disbursed immediately after the deal is formally recorded. The plans of the newly combined company are lofty. By next year, they will be breaking ground on the world’s first utility-scale fusion power plant. After this first plant, more are expected to build to continue the race towards developing useful fusion energy.
It’s a make-or-break moment for TAE Technologies. They just announced a third quarter year loss of $54.8 million (£40.9 million) for the quarter ending in September. The deal puts funding to work to counter these losses. It pushes back against a downward trending revenue and it reflects a smart strategy to fortify both companies’ balance sheets as they look ahead.
Mr. Nunes expressed optimism about the new partnership, stating,
“We are taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations.”