Marvel Fusion funding news – Munich-based Marvel Fusion Secures €50 Million in Series B Round Funding

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The extra funding will help Marvel Fusion move from research and development to industrial deployment. This includes building a $150 million laser facility with Colorado State University. The company is also working with Siemens Energy on designing a fully integrated fusion power plant.

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 is developing the first laser-based fusion power plant by creating advanced high-energy laser systems and increasing laser production. The company is building two laser prototypes and forming partnerships to boost production to meet energy needs at competitive prices.

Siemens Energy is contributing significant resources to design the overall concept for the fusion power plant, including systems for heat transfer and power generation.

Juha Pankakoski, Executive Vice President Global Functions at Siemens Energy, comments: "We hope this important technology becomes a reality, enabling reliable energy. When that day arrives, Siemens Energy is committed to being at the forefront."

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, said: "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."

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.”

About Marvel Fusion

Marvel Fusion's mission is to provide clean, safe, and reliable energy by developing a laser-driven fusion power plant.