Week 13 of 2025

Three nuclear energy innovation news!

☀️ Marvel Fusion (Germany) raises a €113 million Series B round led by HV Capital, with participation from others including Bayern Kapital, Deutsche Telekom, and Earlybird Venture Capital. The company focuses on laser-based inertial confinement fusion technology. They aim to build a prototype reactor by 2032, and a commercial power plant by 2036.

💸 Applied Atomics (US) emerges from stealth with a $2 million pre-seed funding round led by Alpaca Ventures, with participation from others including Unruly Capital. The company is developing a Generation III+ light-water Small Modular Reactor (SMR). They plan to complete a preliminary design review by the end of summer 2025.

🚀 ExLabs and Antares (US) form a strategic partnership to develop the first commercial nuclear-powered spacecraft for deep-space applications. Antares' microreactor technology will be integrated into ExLabs' Science Exploration and Resource Vehicle (SERV), creating a high-power platform for missions in Geostationary Orbit (GEO) and beyond. Both companies have existing contracts with the US Space Force and US Air Force.

👨‍🎓 Papers of the week: "Physics Basis of the Infinity Two Fusion Power Plant", Journal of Plasma Physics (2025).

👉 Six peer-reviewed articles providing a comprehensive physics basis for Type One Energy’s Infinity Two stellarator.