American Fusion Inc (AMFN)

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LAS VEGAS, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Renewal Fuels, Inc. (OTC: RNWF) (“RNWF” or the “Company”), which recently announced the execution of a definitive merger with Kepler Fusion Technologies Inc. (“Kepler”), today commented on heightened attention surrounding the fusion energy sector following last week’s announced transaction involving TAE Technologies and Trump Media & Technology Group.The increasing scale of capital committed to fusion validates the sector’s long-term strategic importance. However, RNWF believes it is essential for investors and stakeholders to distinguish between experimental fusion research platforms and commercially engineered fusion energy systems designed for near-term deployment and revenue generation.TAE Technologies’ Norm device represents a significant scientific and engineering milestone within fusion research. By TAE’s public disclosures, Norm is intended as an experimental platform designed to simplify and advance future reactor development. Commercial electricity production remains a longer-term objective, with TAE indicating that its first utility-scale power plant, targeted at approximately 50 MWe, is expected to begin construction in 2026.By contrast, Kepler’s Texatron™ platform has been engineered from inception as a deployable commercial energy infrastructure asset, not a laboratory physics demonstrator. Texatron™ is a compact, fast-pulsed fusion system designed for distributed deployment at industrial facilities, AI data centers, defense installations, and grid-constrained environments. The platform is intended to deliver continuous baseload electricity without reliance on large, centralized plants or new transmission infrastructure.Kepler’s commercialization strategy is centered on a Power-as-a-Service (PaaS) model aligned with established infrastructure finance principles. Rather than selling reactors or pursuing large centralized generation facilities, Kepler intends to retain ownership of Texatron™ units and sell electricity under long-term Power Purchase Agreements (PPAs).With indicative pricing targets starting at approximately $0.0625 per kilowatt-hour, this is intended to position the Texatron™ as a competitive baseload energy source. This model is designed to generate recurring, contracted cash flows while enabling scalable deployment through fleet expansion.“Recent announcements confirm that fusion has entered the mainstream of serious capital formation,” said Brent Nelson, Chief Executive Officer of Kepler Fusion Technologies. “What differentiates companies in this sector is not just physics, but readiness for deployment, business model discipline, and a clear path to revenue. Kepler is building an American Fusion energy platform designed to operate as a utility in the real economy.”While both Kepler and TAE pursue aneutronic fusion, their underlying technologies differ substantially.TAE’s approach is based on Field-Reversed Configuration (FRC) technology utilizing a proton-boron (p-B11) fuel pathway, which requires extremely high plasma temperatures and remains focused on experimental performance optimization.Kepler’s Texatron™ employs a proprietary torsatron-based magnetic confinement architecture with a Deuterium-Helium-3 (D-He³) fuel orientation optimized for a fast-pulsed operating regime. Texatron™ is designed for direct electricity generation, eliminating the need for steam cycles and extensive balance-of-plant infrastructure. This direct-conversion design supports the compact, modular form factor required for distributed deployment.Kepler maintains a growing intellectual property portfolio with more than 238 patents in its pipeline, covering reactor architecture, energy conversion systems, controls, and operational methodologies.On December 17, 2025, RNWF and Kepler announced the execution of a definitive merger pursuant to which Kepler has become a wholly owned subsidiary of RNWF. The Company intends to change its corporate name to American Fusion, reflecting its strategic focus on advanced fusion energy infrastructure.In connection with the merger, Kepler has engaged an independent firm to conduct a third-party valuation of its intellectual property and operating assets. While the valuation process remains ongoing, the Company currently anticipates that the resulting valuation should exceed $300 million, with results expected to be reflected in RNWF’s fiscal year-end 2025 consolidated filings.RNWF is also in the process of engaging a PCAOB-registered audit firm to enhance financial reporting standards and support future capital markets initiatives. Following the closing of the merger, American Fusion intends to pursue a national exchange listing on either the NASDAQ or the Texas Stock Exchange (TXSE) in 2026, subject to meeting applicable listing requirements and market conditions.