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Sumitomo Corporation of Americas Invests in TAE Technologies; Funds Next-Gen Fusion Reactor to Accelerate Decarbonization

July 19, 2022

New York, NY – Sumitomo Corporation of Americas (“SCOA”) announced today its investment in TAE Technologies ("TAE"), a fusion power company and world leader in hydrogen-boron fusion research. The investment will help fund the construction of TAE’s next research reactor, “Copernicus” and accelerate SCOA’s implementation of fusion power in Japan and Asia as part of the company’s strategy to help realize a carbon-neutral society.