Dec 2 (Reuters) – TAE Technologies, a private company backed by Alphabet’s Google and Chevron, said on Tuesday it had formed a joint venture with the United Kingdom’s nuclear agency to develop neutral beams for nuclear fusion.

Under the agreement, the UK Atomic Energy Authority will make an equity investment of 5.6 million euros ($6.50 million) in the new venture called TAE Beam UK.

Nuclear fusion is a nascent technology that aims to generate electricity by harnessing the process that powers the sun. It offers the vision of abundant energy without pollution, radioactive waste or greenhouse gases.

With nuclear power garnering renewed interest, countries such as Italy, the UK, China and the U.S. are looking into nuclear technology firms to enable application across industries including he

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