Things You Gotta Know
Focused Energy Closes Record $240 Million Series A to Build Germany’s First Laser Fusion Power Plant
Focused Energy announced on May 27 that it has raised $240 million in Series A funding, the largest fully secured Series A in the global fusion industry to date, making the Darmstadt-based developer the most valuable fusion company in Europe. The oversubscribed round is led by German utility RWE alongside Germany’s SPRIND federal innovation agency, the European Innovation Council Fund, Beteiligungs-Managementgesellschaft Hessen, Futury Capital, and existing US lead Prime Movers Lab. Almost all of the new capital will be invested at the former RWE Biblis nuclear site in Hesse, where Focused Energy plans to build the world’s first laser fusion power plant by the mid-2030s.
Thea Energy Raises $100 Million Series B to Scale Stellarator Path to Commercial Fusion
Thea Energy announced on May 27 that it has closed an oversubscribed $100 million Series B led by Thomas Tull’s US Innovative Technology Fund (USIT), with participation from General Innovation Capital Partners, Linse Capital, Idemitsu Kosan, Hitachi Ventures, Lowercarbon Capital, Emerald Technology Ventures, and others. The Kearny, NJ-based stellarator developer will expand magnet manufacturing capacity, including a second facility in northern New Jersey, select a site for and begin construction of its Eos integrated stellarator later this year, and double its team. The round follows DOE certification of Thea’s Helios power plant preconceptual design milestone, where Thea is the first awardee to receive that distinction. The company says it is already in discussions with more than a dozen power offtakers, hyperscalers, and utility partners as it heads toward construction of its first Helios commercial power plant before the end of the decade.
NRC Fusion Rule Comment Period Closes; Final Rule Targeted for This Fall
The 90-day public comment period on the NRC’s proposed Regulatory Framework for Fusion Machines closed on May 27, putting the rule on track for finalization by October 2026, well ahead of the December 2027 statutory deadline. The proposed framework regulates fusion machines under the existing byproduct material approach in Part 30, keeping fusion energy systems out of the fission utilization-facility licensing regime entirely.
Top Fusion Companies by Funding
The Fusion Report’s tracker of private fusion company funding, now covering 24 companies and $10.9 billion in disclosed capital. Last refreshed May 28, 2026 to fold in the latest Focused Energy and Thea Energy rounds.
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Is An All-Electric Ferrari a Good Idea?
Ferrari has gone all-electric. The new Luce is a $640K, 1,035-hp, five-seater sedan that isn’t red, isn’t especially pretty, and isn’t even the fastest EV sedan on the market. So why does it matter? Because when Maranello commits to electrification, the rest of the supercar world has to take EV adoption seriously, and that has knock-on effects for every kilowatt-hour of electricity we’ll need to generate in the decade ahead.
[On-Demand Webinar] Fusion 2035: The Shot Clock To Put Electricity on the Grid
The Fusion Report convened a half-day webcast to pressure-test what fusion’s run at the mid-2030s commercial window actually requires. Six companies, one moderator, and a milestone-by-milestone read on the next nine years.
