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.
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.
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