Marvel Fusion, a Munich fusion energy company, has raised an additional €50 million in its Series B funding round, reaching a total of €113 million.
New investments from EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund, among others, have contributed to the funding round.
The funding will support Marvel Fusion in building the world's first fusion prototype and advancing towards the construction of a commercial fusion power plant by 2036.
Siemens Energy is actively involved in Marvel Fusion's development, working on conceptual designs for a fully integrated fusion power plant.