American Fusion (OTC: AMFN) is preparing proposals for at least four new data center projects in Texas. The plan is to supply dedicated electricity under a Power-as-a-Service model built on its Texatron fusion platform.
The Southlake, Texas-based company also outlined other operational steps. It is finalizing the engagement of a new independent auditor and negotiating financing offers received from several investment banks. Meanwhile, its technical team is refining Texatron components, in particular the pulsed-power architecture and the capacitor banks. The company is also preparing to resume experiments at Texas Tech University and is evaluating additional test sites.
Texatron is an aneutronic fusion engine. It relies on the deuterium–helium-3 reaction, which produces mostly charged particles and few neutrons. In theory, this allows energy to be converted directly into electricity, without steam turbines. The architecture is called Rifled Toroidal Pinch: a chamber with helical grooves in which rapid electrical pulses create and compress plasma within toroidal magnetic confinement. The platform is designed for modular configurations ranging from roughly 1 megawatt up to 500 megawatts.
The latest figures come from the testing front. The company has completed its ninth prototype, rated at half a megawatt, and is building a five-megawatt pre-production unit. In September it reported hotter, denser and more stable toroidal plasmas using its new pulsed magnetic field configuration. A new portable vacuum vessel, delivered to the assembly site, has opened another round of experiments on ultra-high-pressure plasma compression.
On the commercial side, in mid-October the company reported four proposals under negotiation and one letter of intent sent. It did not disclose the counterparties or how the two figures relate, so the numbers should not be added together. Texas is a logical market: data centers require large amounts of continuous power, and local grids are under strain. A compact source that can be installed on-site would answer that demand.
The company itself stresses that Texatron remains in development. It has not demonstrated ignition, net energy gain or commercial electricity production. Further independent testing is needed to measure performance and yield. If the Texas Tech trials and the financing under discussion come through, the five-megawatt unit could become the first real proving ground for the Texas contracts.
