Focused Energy has raised $240 million in a Series A round, one of the larger financings disclosed in the fusion sector, as the Darmstadt-based company moves to scale its laser-based fusion technology.
The round included RWE, the Federal Agency for Breakthrough Innovation SPRIND, the European Innovation Council Fund, and existing investor Prime Movers Lab.
According to the company, the funding will be used to develop its operations at the former RWE power plant site in Biblis, Hesse, accelerate fusion system development, and position the site as a model for industrial laser fusion.
Founded in 2021 as a spin-off from Technical University Darmstadt, Focused Energy is a German American fusion company developing laser-based technology aimed at making fusion energy industrially viable.
The round included RWE, the Federal Agency for Breakthrough Innovation SPRIND, the European Innovation Council Fund, and existing investor Prime Movers Lab.
According to the company, the funding will be used to develop its operations at the former RWE power plant site in Biblis, Hesse, accelerate fusion system development, and position the site as a model for industrial laser fusion.
Founded in 2021 as a spin-off from Technical University Darmstadt, Focused Energy is a German American fusion company developing laser-based technology aimed at making fusion energy industrially viable.