Marvel Fusion, a Munich fusion energy company, announced the extension of its Series B funding round by €50 million, bringing the total round to €113 million and placing Marvel Fusion as the “best-funded European fusion company“.
The extension includes new investments from EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund, marking their first fusion energy equity investment. Existing investors Tengelmann Ventures and Bayern Kapital contributed again.
Moritz von der Linden, Founder and CEO of Marvel Fusion, said: “Welcoming the EIC Fund, EQT Ventures and Siemens Energy to our shareholder board is fantastic; it gives us the financial and operational backing for executing the required milestones towards building the world’s first fusion prototype”.
Marvel Fusion, founded in 2019, is a technology company innovating laser-based nuclear fusion to provide clean, safe, and reliable energy. Their approach utilises inertial confinement fusion, where ultra-short pulse lasers target nano-structured fuel capsules to initiate fusion reactions.
The company plans to build a prototype facility by 2032 and aims to have a commercial fusion power plant operational by 2036.
The extended financing round further supports Marvel Fusion’s transition from its research and development phase toward industrial deployment. This includes the current construction of a €139 million laser facility in partnership with Colorado State University.
Additionally, Marvel Fusion is progressing its industrial partnership with Siemens Energy by jointly developing a conceptual design of a fully integrated fusion power plant.
As a leading energy technology company, Siemens Energy commits significant resources to designing the overall concept for the fusion power plant as well as concepts for heat transfer and power generation systems.
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.”
To build the first laser-based fusion power plant, Marvel Fusion heavily innovates high-energy laser systems and scales the production of lasers. Currently building two laser prototypes, the company is actively forging industrial partnerships for the ramp-up of laser production, which can meet the high-gain requirement needed to offer sufficient energy at competitive prices.
Antonia Schmalz, CTO of Pulsed Light Technologies and innovation manager at SPRIND, says: “Providing the initial funding for the first two prototypes, SPRIND is committed to supporting Marvel Fusion’s path to scaled laser production and their further mission to build a fusion power plant.“
Ted Persson, Partner at EQT Ventures, added: “Needless to say, solving fusion would be a generation-defining moment for humanity. We’ve followed the fusion space since the early days of EQT Ventures. The exceptional team at Marvel Fusion has proven time and again that fusion energy is within reach, and we are more than excited to partner with them.”
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 from energy imports, Europe is actively diversifying its energy infrastructure.
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.”
Fusion energy, once commercialised, has the potential to transform global energy supply, significantly reducing reliance on fossil fuels and enabling an economically viable pathway to competitive, reliable baseload energy.
Svetoslava Georgieva, Chair of the EIC Fund Board, added: “The European Innovation Council’s Fund participation underscores a significant advance, demonstrating the EIC commitment to high-impact innovation by private fusion companies and in line with fusion technology’s position as a strategic technology for Europe.”
