Marvel Fusion, Europe’s leading fusion energy startup, has expanded its Series B funding round by €50 million, bringing the total to €113 million. This investment, led by new backers EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund. Marks the EIC’s first equity stake in a fusion startup. Returning investors Tengelmann Ventures and Bayern Kapital also contributed
The new funds will propel Marvel Fusion from research to large-scale deployment. With a significant focus on enhancing high-energy laser systems—critical for its laser-based fusion process. The company is currently developing two laser prototypes. Building industrial partnerships, and progressing on a $150 million laser facility in collaboration with Colorado State University. Additionally, Marvel Fusion is working with Siemens Energy on the conceptual design of an integrated fusion power plant
Founded in 2019 in Munich by Georg Korn, Karl-Georg Schlesinger, Moritz von der Linden, and Pasha Shabalin, Marvel Fusion is tackling energy security and climate change by developing a scalable fusion energy solution. With Europe striving for energy independence amid rising costs and geopolitical uncertainties, the company’s high-energy laser approach aims to produce commercially viable fusion power at competitive prices
Marvel Fusion’s technology is based on inertial confinement fusion (ICF), using ultra-intense lasers to trigger fusion reactions in fuel pellets. Unlike traditional magnetic confinement methods, such as those used in ITER, this approach offers a more compact and scalable pathway to clean energy.
Marvel Fusion joins a competitive field of fusion innovators, including:
- TAE Technologies (USA) – Developing boron-based reactors with beam-driven plasma confinement.
- Commonwealth Fusion Systems (USA) – Using high-temperature superconducting magnets for tokamak-based fusion.
- Helion Energy (USA) – Focused on magneto-inertial fusion, recently securing $425M in funding.
- First Light Fusion (UK) – Exploring projectile-driven inertial fusion as a cost-effective alternative.
Marvel Fusion’s laser-driven approach stands out for its potential scalability and cost efficiency.
Key milestones in Marvel Fusion’s roadmap include:
- Finalizing and testing high-energy laser systems.
- Launching its laser testing facility with Colorado State University.
- Strengthening collaborations with Siemens Energy and other industrial partners.
- Demonstrating energy-positive fusion reactions, paving the way for commercialization.
With strong financial and industrial backing, Marvel Fusion is positioned at the forefront of Europe’s push for clean energy sovereignty. If successful, its laser-based fusion technology could revolutionize the global energy landscape by providing a sustainable, cost-effective, and limitless energy source.
Moritz von der Linden, CEO of Marvel Fusion:
“Welcoming the EIC Fund, EQT Ventures, and Siemens Energy to our shareholder board provides the financial and operational backing we need to build the world’s first fusion prototype.”
Juha Pankakoski, Siemens Energy:
“We have long collaborated with Marvel Fusion and look forward to continuing our joint efforts to make reliable fusion energy a reality.”
Ted Persson, EQT Ventures:
“Solving fusion will be a generation-defining moment. Marvel Fusion has proven that fusion energy is within reach, and we’re thrilled to partner with them.”
With continued innovation and investment, Marvel Fusion is advancing toward a future where fusion energy becomes a practical and transformative solution for global energy needs.
