b'This investment will act as a springboard for SCOA to develop a foundation or ecosystem that surrounds the nuclear fusion power field, allowing the company to accelerate its position as a vital player in the power production requirements for nuclear fusion power generation.business. Designed to demonstrate the viability of achieving net energy generation, TAEs advanced beam-driven field-reversed configuration (FRC) is the penultimate step on TAEs path to commercialize clean fusionto that of the suns energy productionto produce power. Copernicus is the vital stepping stone to theenergy that is non-radioactive, creating the fastest, birth of the next-generation fusion reactor. most practical, and economically competitive solution We look forward to being a partner in bringingto bring abundant carbon-free energy to the grid.TAEs clean energy solutions to the Asian market,The caliber and interest of our investors validates our which will be paramount to sustaining local econo- significant technical progress and supports our goal to mies without impacting our planet, said Sandro begin commercialization of fusion by the end ofHasegawa, General Manager, Energy Innovation this decade, said Michl Binderbauer, CEO of TAE. Initiative Americas at SCOA. Global energy demand is growing exponentially, and SCOAs Business Development Group (BDG)we have a moral obligation to do our utmost to devel-continues to research game-changing clean energyop a baseload power solution that is safe, carbon-free, innovations, and identified TAE as a key player with aand economically viable. differentiated technological approach and a clean envi- This investment will act as a springboard for SCOA to ronmental profile. TAEs approach differs from otherdevelop a foundation or ecosystem that surrounds nuclear fusion technologies in development becausethe nuclear fusion power field, allowing the com-of its unique combination of plasma and acceleratorpany to accelerate its position as a vital player in the physics. In addition, TAEs preferred fuel source ofpower production business. In the mid-term, SCOA abundant hydrogen-boron bears no environmentalwill continue to leverage its experience and business impact, particulate emissions, radioactivity or fuel scar- network to apply this resource across multiple markets city. TAEs technology recreates a reactionsimilarand sectors, hoping to one day emerge as a leader in the de-carbonization of society. Sumitomo Corporation of Americas 7'