The race for clean, endless energy continues to make significant steps forward. Focused Energy, a German-American company, is the latest to do so with its latest round of funding. The company has raised $240 million, marking the biggest Series A funding ever secured in the global fusion industry.

The company plans to use this money to turn an old power plant in Biblis, Germany, into a center for laser fusion. Taking over this decommissioned site means Focused Energy can use existing power lines, buildings, and energy expertise to build their systems much faster.

The company plans to use this money to turn an old power plant in Biblis, Germany, into a center for laser fusion.

The plan is to turn the Biblis site into a blueprint for building laser fusion plants everywhere. To do this, they are partnering with RWE, a major German energy company that used to run the site.