TAE Technologies breakthrough in Power Management technology developed for EVs
TAE Technologies, the world's largest private fusion energy provider, announced the establishment of a new power management division. The ground-breaking technology developed by TAE Power Management will enable the next generation of electric vehicles and expedite the adoption of electrified energy and storage systems.
TAE Power Management leverages TAE's pioneering fusion power design and the requirement to store enormous amounts of energy intermittently and release it in precise, high-power increments for its fusion test facilities. TAE's established power management technology offers a game-changing solution for the electric mobility market, and the new firm is currently in advanced conversations with key global automakers and fuel retailers.
TAE Power Management enables the true potential and widespread adoption of electric vehicles to be realised by revolutionising the infrastructure surrounding electric mobility. It provides an end-to-end powertrain that maximises efficiency and range, increases safety and reliability, allows for greater design flexibility, and charges significantly faster – all at a cheaper cost.
Additionally, the company is selling its own modular power management technology to revolutionise EV charging, residential and commercial energy storage, and has aspirations to grow into aerospace, mass transportation, shipping, fleet operations, and a variety of other sectors.
David Roberts, a prominent industrialist located in the United Kingdom, has been appointed Chief Executive Officer of the Power Management division. He will report directly to Michl Binderbauer, CEO of TAE Group. Roberts will oversee the global implementation of TAE Power Management technology, providing a strong strategic vision and experience gained over a 40-year career in the automotive and aerospace industries, as well as strong relationships with global OEMs and the UK Government.
The new division has already assembled a strong team of experienced engineers, product specialists, and a business development team. It has ambitious aspirations to grow and scale rapidly, generating revenue through licencing and collaborations as early as 2022. By 2030, it is anticipated that the energy storage and electric mobility markets would be worth $1.2 trillion combined.
TAE Power Management Division CEO, David Roberts “I'm ecstatic about TAE's Power Management system, which is genuinely revolutionary. It will fundamentally revolutionise the market for electric mobility while drastically lowering operating costs. Not only has it accelerated commercial fusion, but the immediate uses of such technology promise to boost everything from utility transmission to electric vehicle efficiency. It's the most enthralling project I've ever had the honour of bringing to market.”
Michl Binderbauer, TAE Group's CEO “As global demand for electricity increases, we will require more efficient and sustainable solutions to combat climate change and adapt to an increasingly electrified world. TAE feels that fusion is critical to accomplishing this goal. Since 2017, TAE's unique fusion platform has been powered by this technology, which is now being commercialised as a comprehensive clean energy ecosystem. We will be able to rapidly grow and bring our innovations to market with David's strategic experience and in-depth knowledge of various application areas, particularly in the mobility sector. TAE Power Management will enhance storage, optimise access to renewable energy sources, increase the range and performance of electric vehicles, and contribute to the long-term development of a more efficient grid.”
Without a feasible power management solution to bridge the gap for fusion needs, TAE created a proprietary, intelligent modular system that handles power flows ranging from 10+ kilowatts, the equivalent usage of a single family home, to gigawatts, the output of massive power plants. The programme is capable of managing all power regardless of battery chemistry or size.
Scalable Power Modules from the division work in concert to produce exact power output while monitoring and actively managing the condition of charge and temperature at the module level. A small number of these integrated power "building blocks" eliminates the need for thousands of system-specific electrical components such as inverters, resulting in substantial performance, efficiency, and lifetime advantages and significant cost reductions.
TAE Power Management is now a sophisticated universal platform solution with expanded applications in residential and commercial energy storage, industrial and data centres, peak shaving, load shifting, power factor correction, microgrids, electric mobility, and EV charging stations.