Focused Energy, a laser fusion company focused on developing clean fusion energy systems, announced it has raised $240 million in Series A financing. The company said the round is the largest fully secured Series A financing in the global fusion industry to date.
The financing round included participation from RWE, Federal Agency for Breakthrough Innovation SPRIND, European Innovation Council Fund, and existing investor Prime Movers Lab.
Focused Energy said the new capital will be invested into the former RWE power plant site in Biblis, Hesse. The company plans to use the site’s infrastructure and RWE’s operational expertise to accelerate fusion system development while positioning Biblis as a model for industrial laser fusion deployment.
Founded in 2021 as a spin-off from Technical University Darmstadt, Focused Energy develops laser-based fusion technology designed to deliver clean, safe, and virtually inexhaustible energy. The company is headquartered in Darmstadt and also operates offices in Berlin, Austin, and San Francisco.
The company said the funding reinforces its long-term commitment to Europe, with Germany and the state of Hesse serving as the center of its industrial deployment strategy.
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“Thanks to its excellent research ecosystem and innovative start-ups such as Focused Energy – one of the leading companies in the field of laser fusion – Germany is well-positioned to take a leading global role in nuclear fusion. That is why we are prepared to further expand our investment in Focused Energy. It sends an important message that the German federal and state governments are working together to advance development with the goal of building a commercial fusion reactor in Germany. RWE fully supports this goal: with our sites that we are currently decommissioning, their existing nuclear infrastructure, and our long-standing expertise in dealing with regulatory approvals, we are creating ideal conditions to secure internationally competitive advantages for Germany, both in terms of time and costs.”
Markus Krebber, CEO, RWE AG
“Fusion energy is entering a new era in Germany and Europe. It is now about translating our scientific excellence and industrial strength in fusion technology into industrial value creation. The successful financing round confirms our scientifically grounded laser fusion approach, which has taken Focused Energy from a startup to the world’s leading laser fusion company in just four years. With the new capital, we can further expand our lead in laser fusion in Hesse.”
Thomas Forner, Co-Founder and CEO, Focused Energy
