Occidental Low Carbon, TAE Technologies explore fusion energy

Oxy Low Carbon Ventures, a subsidiary of Occidental, and TAE Technologies announced they have signed a memorandum of understanding to explore commercial opportunities that use TAE’s fusion technology to provide emissions-free power and heat for Direct Air Capture facilities. Through the agreement, TAE Technologies can explore demonstrating the reliability, cost savings and safety of their TAE Power Solutions power management systems in a high utilization commercial setting. “Collaborating with TAE Technologies is an opportunity to build on Occidental’s portfolio of clean power sources that can provide our Direct Air Capture facilities with reliable, emissions-free energy,” said Frank Koller, Vice President, Power Development, Oxy Low Carbon Ventures. “Fusion is a promising technology that advances our efforts to explore sustainable energy sources as we progress with commercializing large scale Direct Air Capture as a critical climate solution.”