Focused Energy raises $240M Series A for laser-based fusion reactor development
By
Tim De Chant
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Summary
Focused Energy, a Germany-based fusion startup, raised a $240 million Series A round (one of the largest early-stage rounds for fusion power), bringing total private capital to $300 million plus $200 million in grants. The company is developing laser-driven inertial confinement fusion technology, using lasers to compress fusion fuel targets.
Key quotes
· 4 pulledFocused Energy recently raised an oversubscribed $240 million Series A round, one of the largest early-stage rounds for a fusion power startup.
The new round brings the company's total private capital raised to $300 million, the company told TechCrunch.
The startup has also received $200 million in grants, collectively making it one of the most heavily funded fusion startups.
Germany-based Focused Energy is developing a reactor that will use lasers to compress fusion fuel, an approach known as inertial confinement.
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