Focused Energy receives contract for laser fusion hub in Biblis
The Federal Ministry selected the site as part of the 'Fusion 2040' program. The world's first commercial laser fusion power plant is to be built.
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Laser inertial fusion power systems developer
focused-energy.coLast updated
In short: Focused Energy secured $240 million in Series A funding and was selected to develop a commercial laser fusion hub at the Biblis site.
The Federal Ministry selected the site as part of the 'Fusion 2040' program. The world's first commercial laser fusion power plant is to be built.
The $240 million round is the largest fully secured Series A in global fusion industry.
The new entity will commercialize laser-driven X-ray and neutron sources for non-destructive testing in nuclear waste, security, and quality assurance.
The round is the largest fully secured Series A in global fusion, with investors including RWE and SPRIND.
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Focused Energy recently raised an oversubscribed $240 million Series A round, one of the largest...
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