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German startup Marvel Fusion, supported by EQT Ventures, is developing a commercially viable fusion power plant in partnership with Colorado State University. The project aims to validate fusion energy technology, leveraging advancements from a U.S. experiment in 2022.

A facility on the university campus, set to open in early 2027, will utilize powerful lasers to compress fuel targets, achieving temperatures hotter than the sun. Marvel Fusion aims to produce energy competitively by the mid-2030s, addressing high technical and financial hurdles with an estimated development cost of $1.4 billion for the laser system.

With approximately $400 million in funding, the company seeks additional investments of $600 million to $800 million. The collaboration highlights Europe's efforts to remain competitive in fusion technology, especially as other regions, particularly the U.S. and China, rapidly advance in this field.