Industry
Focused Energy raises $240 million in Series A funding for laser fusion
German laser fusion company Focused Energy said on May 27 it has completed a $240 million Series A funding round, the largest such round in the global fusion industry. It said the financing makes it Europe’s highest-valued fusion company. RWE invested $60 million as a strategic investor and industrial partner. The funding will be used to develop a former RWE nuclear plant site in Biblis, Hesse, to build an industrial laser fusion power plant targeted for the mid-2030s.
