Post by Marvel Fusion

🚀 Marvel Fusion secures €113 million in Series B funding! 🚀 We’ve secured the largest-ever equity investment round in fusion energy in the EU, including commitments of EQT Ventures, Siemens Energy, and the European Innovation Council and SMEs Executive Agency (EISMEA). This landmark funding demonstrates Europe's strong commitment to leading the global race for fusion energy and advancing Europe’s energy security and sovereignty. The European Innovation Council Fund invests for the first time in a private fusion energy company.   With this investment, Marvel Fusion will accelerate the development of our groundbreaking laser-based fusion technology. To build the first laser-based fusion power plant, Marvel Fusion heavily innovates high-energy laser systems and scales the production of lasers. The strategic investment arrives amid heightened geopolitical tensions and increased urgency for energy sovereignty across Europe. With rising demand, volatile energy markets, and the pressing need for sustainable alternatives to fossil fuel and a reduced dependency on energy imports, Europe is actively diversifying its energy infrastructure.    Juha Pankakoski, Executive Vice President Global Functions at Siemens Energy, comments: "We have long been involved with Marvel Fusion, contributing our expertise and we look forward to continuing our joint work. We hope this important technology becomes a reality, enabling reliable energy. When that day arrives, Siemens Energy is committed to being at the forefront."   The European Commission has explicitly identified fusion energy as "no longer a research subject" but rather "an industrial challenge with immense potential for Europe's industry, competitiveness, and strategic autonomy." Marvel Fusion’s progress positions the company uniquely to address global energy demands sustainably. Fusion energy, once commercialized, will transform the global energy supply, significantly reducing reliance on fossil fuels and enabling an economically viable pathway to competitive, reliable baseload energy.   A heartfelt thank you to our investors and partners for their confidence and vision in building a cleaner, more resilient energy future for Europe. Read the article by the Financial Times: https://lnkd.in/d8Wx8NGg And the full press release here: https://lnkd.in/dth_9f9m #fusion #fusionenergy #deeptech Ted Persson, Lars Jörnow, Jenny Dreier, Sofia Graflund, Enrique Gonzalez Zanetich, Kendra Rauschenberger, Maximilian Fleischer, Franz Derler, CFA, Alexander Greis, Marie-Liliane Haub, Wolfgang Dengler, Sarah Gscheider