"Proxima Fusion secured €130mn in Series A funding, leading Europe's fusion energy sector with the largest single investment in a fusion startup."
"Fusion energy startups in Europe raised a record €290mn in the first half of the year, surpassing last year's total of €185mn."
"Marvel Fusion raised €113mn in a Series B funding round, developing laser-based fusion through inertial confinement with ultra-powerful lasers."
"Europe's fusion energy sector shows promising growth, with significant investments and innovative technologies aiming to provide limitless clean power."
In the first half of this year, European fusion energy startups raised a record €290 million, surpassing previous funding records. Munich-based Proxima Fusion led with €130 million in Series A funding, the largest investment for a fusion startup in Europe. Proxima plans to commercialize a stellarator fusion machine. Marvel Fusion, another Munich company, raised €113 million in Series B funding for its laser-based fusion technology, which replicates the sun’s energy production. Investment activity is shifting positively towards the fusion energy sector, indicating strong growth potential.
Read at TNW | Ecosystems
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