President Trump’s social media platform plans to merge with a nearly 30-year-old energy company, providing it with some $300 million in funding.

BY CHLOE AIELLO, REPORTER @CHLOBO_ILO

President Donald Trump. Illustration: Inc.; Photo: Getty Images

President Donald Trump’s social media company is joining forces with a new industry: nuclear fusion. Trump Media, which owns his social media platform, Truth Social, announced a $6 billion merger agreement with TAE Technologies, a California-based fusion company.

The transaction will create one of the first publicly traded fusion companies, which plans to “site and begin construction on” a 50 megawatt electric (MWe) utility-scale fusion power plant as soon as 2026, according to the announcement. The company also has plans for additional power plants with capacity ranging from 350-500 MWe.

“Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” Devin Nunes, chairman and CEO of Trump Media and Technology Group said in a statement. “Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy........

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