Focused Energy, a member of our Renewable Energies group, has reached a milestone that signals how fast fusion is moving from scientific breakthrough to industrial build-out, closing the largest fully secured Series A financing in the global fusion industry.
On 27 May 2026, Darmstadt-headquartered Focused Energy announced a $240 million (~€206.58 million) Series A round, with investors including RWE, the Federal Agency for Breakthrough Innovation (SPRIND), the European Innovation Council Fund and continued backing from Prime Movers Lab. The oversubscribed round drew investors from Germany, Europe, Asia and the Gulf region, including potential future buyers of fusion power, alongside capital providers prepared to fund through the construction phase of a fusion power plant.
This round positions Focused Energy as Europe’s most valuable fusion company, and it anchors a bold industrial plan: repurposing the former RWE site at Biblis, with its existing infrastructure and grid connection, as the future home of the world’s first laser fusion power plant.
Focused Energy is pursuing laser-driven inertial confinement fusion, building on the only fusion approach that has demonstrated a scientifically verified net energy gain to date. The company’s model is explicit about what must change next: moving from laboratory-scale shots to power-plant cadence, and turning a complex, bespoke supply chain into repeatable industrial production.
“Fusion energy is entering a new era in Germany and Europe. It is now about how we can effectively translate our scientific excellence and industrial strength in fusion technology ... into industrial value creation,” said Thomas Forner, co-founder and CEO of Focused Energy.
Europe’s energy transition is not only a question of clean generation; it is also a question of industrial competitiveness, technology sovereignty and long-term system resilience. Fusion is not a near-term substitute for today’s decarbonisation toolkit, but it is one of the few pathways that could, if commercialised, deliver firm, high-density, carbon-free power at scale.
Focused Energy’s choice of site reflects that industrial logic. With RWE as both strategic investor and industrial partner, the Biblis location offers infrastructure, operational know-how and regulatory experience that can reduce friction as the company shifts from R&D to deployment. As RWE’s CEO Markus Krebber put it, the partnership is designed to help Germany take a leading role in fusion by combining a strong research ecosystem with industrial execution.
According to Focused Energy, the new capital will be used to:
The EIC Scaling Club exists to help Europe’s most promising deep tech scale-ups become world-class companies — and to see a meaningful share of members reach unicorn status. Focused Energy’s financing round is a proof-point of that ambition, and a reminder that Europe can mobilise serious capital behind long-horizon industrial moonshots when technology leadership meets credible execution.
For the EIC Scaling Club community, this moment matters for another reason: it is the second largest funding round raised by a member company so far. It underlines what becomes possible when European innovators are backed not only to invent, but to build — at industrial scale, on European soil.
The EIC Scaling Club is a curated community where 120 European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.
The top 120 European deep tech companies have been carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.
The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.