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French startup GravitHyEU has secured €60 million to decarbonize the steel industry, aiming to reduce CO2 emissions by 90% through low-carbon hydrogen technology. This initiative is part of a broader effort to address the challenges of decarbonizing the steel sector, which is crucial for meeting climate goals and could prove profitable for companies willing to invest in sustainable practices. In parallel, Germany's Marvel Fusion has raised €113 million to advance nuclear fusion technology, positioning itself as Europe's highest-funded fusion startup. Marvel Fusion has recently received backing from EQT Ventures and Siemens Energy, highlighting the growing interest in fusion energy as a solution to current energy challenges. Additionally, nuclear startup Terrestrial Energy has gone public via SPAC, raising $280 million to further its initiatives in the energy sector.
💥@EUeic's first fusion investment @MarvelFusion is now Europe’s highest-funded fusion startup. Joining the investor base: @eqtventures & @Siemens_Energy. Marvel Fusion is set to advance industrial projects with its laser facility & target manufacturing.🔗⬇️ cc @ColoradoStateU https://t.co/D6UXUqlySz
⚡ EQT Ventures backs Marvel Fusion: EQT Ventures backs Marvel Fusion: Fusion energy reaches the industrialization stage. We’re proud to announce our investment in Marvel Fusion, a team rethinking what’s possible in energy innovation. https://t.co/Vzvqbip3bY
Das Münchner Start-up Proxima Fusion will die Energieprobleme unserer Zeit durch Kernfusion lösen. Noch ist nicht klar, ob das technologisch und wirtschaftlich klappen kann – doch das hält Investoren nicht davon ab, dem Gründerteam viel Geld anzudienen.https://t.co/qwLyqw1r5O
