American Fusion

What American Fusion does

American Fusion is a publicly traded company (OTC: AMFN, formerly Renewal Fuels, Inc.) that operates as an advanced energy infrastructure platform through its wholly owned subsidiary Kepler Fusion Technologies, acquired via reverse-merger that closed on February 27, 2026 and accounted for as a reverse recapitalization under ASC 805-40. The company is developing the Texatron aneutronic fusion engine, a compact fusion power system using Deuterium and Helium-3 fuel and available in 5MW Pre-Production, 10MW, and 20MW configurations, with nine successive prototype generations completed and a 5MW unit accepted at the Midland-Odessa region of Texas in June 2026 for installation, commissioning, and integrated testing at the company's Fort Worth facility. Intellectual property includes approximately 280 patent filings in progress, ~300 additional applications planned, and Kepler's separate portfolio of 238+ patents in the pipeline, covering reactor architecture, plasma behavior, energy conversion, and system-level integration.

The company pursues three customer segments: government and defense clients (with interest from multiple U.S. military branches and Canadian defense and space agencies, plus a letter of intent for a 20MW Northern Canada installation), industrial and commercial energy users facing grid constraints, and AI infrastructure and data centers requiring high-density power for AI-driven workloads. Revenue mechanics are pre-commercial: Texatron deployment is positioned as a future power-as-a-service subscription model, and a separately launched Government Procurement Services segment supplies specialized technical instrumentation (such as Microchip Technology OEM Phase Noise Analyzers) to defense clients, generating its first $58,000 contract with the Canadian Department of National Defence in April 2026 through prime contractor Effective Acceleration Ventures Ltd. The company is pre-revenue, reporting a Q1 2026 net loss of $669,750 against operating expenses of $632,583, with cash reserves of $99,594 and 1.316 billion shares outstanding following a court-ordered cancellation of 1.683 billion shares.

Name

American Fusion

Legal name

Renewal Fuels, Inc.

Website

https://americanfusionenergy.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

American Fusion (OTC: AMFN) is a publicly traded advanced energy company developing the Texatron aneutronic fusion platform through subsidiary Kepler Fusion Technologies, targeting industrial, AI data center, and government/defense customers with planned power-as-a-service deployments.

Ownership category

akta.pro rank

Product category

Fusion Energy Systems

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (33361)

SIC

Engines & Turbines (3510)

akta.pro industry

PRIMARYIMABAMAD

Military Aerospace Engines & Propulsion

Industrials, Manufacturing & Construction/Aerospace & Defense Manufacturing/Military Aerospace Manufacturing

Keywords

• Fusion energy systems
• Aneutronic fusion technology
• Modular power generation
• Defense procurement services
• Advanced energy infrastructure

Headquarters

HQ city

Southlake

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Power-as-a-Service: The company is developing a power-as-a-service business model targeting industrial sites and data centers, offering fusion energy solutions on a service basis rather than direct hardware sales.
2. Government Procurement Services: Newly launched segment supplying specialized technical equipment to government defense clients, demonstrated by $58,000 purchase order for Phase Noise Analyzer units to Canadian Department of National Defence.
3. Pre-Commercial Development: Company is pre-revenue, focused on developing and testing Texatron fusion technology. Q1 2026 reported net loss of $669,750 against operating expenses of $632,583 with cash reserves of $99,594.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

American Fusion develops and is commercializing the Texatron™ aneutronic fusion power platform — a compact fusion engine available in 5MW, 10MW, and 20MW configurations — for distributed electrical power generation targeting industrial sites, data centers, and defense applications. The technology is fueled by Deuterium and Helium-3 and is being built through wholly owned subsidiary Kepler Fusion Technologies. The company additionally operates a Government Procurement Services segment supplying specialized technical instrumentation (such as Phase Noise Analyzer units) to defense clients.

Product overview

American Fusion operates through its wholly owned subsidiary Kepler Fusion Technologies, developing the Texatron™ aneutronic fusion platform — a compact fusion system designed for modular, infrastructure-grade deployment ranging from 5MW to 20MW capacity for industrial, commercial, and grid-constrained applications. The company also maintains a separate Government Procurement Services segment that supplies specialized instrumentation to defense clients.

Differentiator

Problem solved

Functional benefit

Brands

• Texatron: Aneutronic fusion engine platform designed for modular, infrastructure-grade deployment supporting industrial, commercial, and grid-constrained applications

Products and services

• Texatron™ Fusion Engine A compact aneutronic fusion power system using Deuterium and Helium-3 fuel, designed for modular infrastructure-grade deployment in 5MW, 10MW, and 20MW configurations for distributed electrical power generation. Targeted at industrial energy users, AI/data center operators, and government/defense customers.
• Government Procurement Services Segment supplying specialized technical instrumentation and acting as a U.S. source-of-supply vendor for defense procurement requirements. First contract supplied two Microchip Technology 53100A Phase Noise Analyzer units to the Canadian Department of National Defence under DND Contract W8486-260222/A through prime contractor Effective Acceleration Ventures Ltd.

Quantifiable outcome

• 5MW Pre-Production Texatron system operational, with 10MW and 20MW systems in development discussions
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered strategic, core and supporting.

• Texas Tech UniversitystrategicStrategic or Co-development PartnerActive discussions regarding potential use of specialized testing facility in Lubbock, Texas. Company also evaluating acquisition of next-generation FT-ICR Mass Spectrometer for enhanced fusion diagnostics. Key academic partnership for testing and validation activities.
• Effective Acceleration Ventures Ltd. (EAV)coreChannel Partner/ Reseller/ DistributorPrime contractor on Canadian Department of National Defence project for which American Fusion acts as U.S. source-of-supply vendor, supplying Microchip Technology Inc. OEM instrumentation (53100A Phase Noise Analyzer units). First proof-of-concept for government procurement channel participation.
• Microchip Technology Inc.supportingTechnology or IntegrationOEM instrumentation supplier for Phase Noise Analyzer units supplied to Canadian Department of National Defence. American Fusion acts as intermediary vendor sourcing Microchip OEM products for defense procurement requirements.
• Kepler Fusion TechnologiescoreStrategic or Co-development PartnerWholly owned subsidiary acquired through reverse-merger on February 27, 2026. Develops Texatron aneutronic fusion platform and holds extensive patent portfolio of 238+ patents. Core technology subsidiary driving company's fusion energy strategy.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Bloom Energy: Bloom Energy is a commercial-stage distributed power generation company using solid oxide fuel cells. It is comparable to American Fusion in targeting industrial and data center customers with distributed, behind-the-meter power solutions, though using a different technology approach.
• Lockheed Martin (Skunk Works): Lockheed Martin's Skunk Works division has previously pursued compact fusion reactor concepts and represents a broad defense incumbent with fusion R&D capabilities. It is comparable to American Fusion in targeting defense applications for advanced energy technology.
• NuScale Power: NuScale is developing small modular reactor (SMR) nuclear technology for distributed power generation. It competes with American Fusion in the advanced clean energy space targeting similar industrial, data center, and utility customers with reliable, carbon-free power.

Direct peers

• TAE Technologies: TAE Technologies pursues aneutronic fusion using Field-Reversed Configuration (FRC) with hydrogen-boron and D-He3 fuel cycles. Like American Fusion, it targets commercial fusion power generation and emphasizes the advantages of aneutronic reactions, making it the most direct technological peer.
• General Fusion: General Fusion pursues magnetized target fusion technology and has received significant investment from Jeff Bezos and Canadian government sources. It competes with American Fusion in the commercial fusion power generation market and shares the Canadian operational footprint.
• Commonwealth Fusion Systems: An MIT spinout developing high-temperature superconducting tokamak fusion systems. CFS is the most heavily funded private fusion company and competes directly with American Fusion for talent, capital, and commercial fusion deployment contracts.
• Type One Energy: Type One Energy is developing stellarator fusion systems using high-temperature superconducting magnets. It is a direct competitor in the commercial fusion power generation race targeting similar industrial and utility customers.
• Helion Energy: Helion is developing pulsed fusion technology with a focus on direct electricity generation and has signed a power purchase agreement with Microsoft. It competes directly with American Fusion in the commercial fusion power generation race targeting data center and industrial customers.
• Zap Energy: Zap Energy is developing sheared-flow Z-pinch fusion technology with a relatively compact and lower-cost approach. It competes directly with American Fusion in pursuing smaller-scale, commercially-viable fusion power systems.
• Tokamak Energy: Tokamak Energy is developing compact spherical tokamak fusion systems with high-temperature superconducting magnets. Like American Fusion, it pursues smaller, more distributed fusion architectures compared to traditional large-scale tokamak designs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Fusion