In partnership with Siemens Energy, Marvel Fusion is working on designing a fully integrated fusion power plant, leveraging Siemens' expertise in heat transfer and power generation systems.

EQT Ventures partner Ted Persson highlighted the transformative potential of fusion energy, expressing excitement about the partnership with Marvel Fusion.

Svetoslava Georgieva from the EIC Fund noted the strategic role of private fusion companies in Europe's innovation landscape, underscoring the importance of their contributions.

CEO Moritz von der Linden expressed optimism about the new investors' support, stating that this funding will help Marvel Fusion achieve critical milestones toward building the world's first fusion prototype.

The company is focusing on an inertial confinement approach, which utilizes lasers to compress hydrogen fuel capsules and initiate fusion.

Nuclear fusion, which mimics the processes in the sun's core, promises a nearly limitless hydrogen fuel source with minimal greenhouse gas emissions and reduced meltdown risks compared to traditional nuclear fission.

Munich-based Marvel Fusion has successfully secured an additional €50 million in its Series B funding round, bringing the total raised to €113 million and making it the best-funded nuclear fusion startup in Europe with a cumulative €385 million.

The new capital will facilitate Marvel Fusion's transition from research and development to industrial deployment, including the construction of a $150 million laser facility in collaboration with Colorado State University.

Marvel Fusion is actively developing high-energy laser systems and constructing two prototypes to enhance laser production for its fusion power plant.

This funding round saw participation from notable investors including EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund, alongside existing investors Tengelmann Ventures and Bayern Kapital.

Marvel Fusion aims to construct a prototype facility by 2032 and a commercial fusion power plant by 2036, marking significant milestones in the pursuit of sustainable energy solutions.

Juha Pankakoski from Siemens Energy emphasized their commitment to advancing fusion technology as a reliable energy source.