Focused Energy Raises $240M for Fusion Reactor

Focused Energy raised $240 million in a Series A round to commercialise a fusion reactor based on the first net energy gain fusion experiment. The round was led by German utility RWE and brings the company's total private capital to $300 million. The reactor uses a magnetically confined plasma approach that achieved net energy gain in a 2022 experiment. The funding supports scaling the technology for commercial power generation. This marks the first time a fusion experiment has produced net energy gain under controlled conditions.