Latham & Watkins Advises Focused Energy on US$240 Million Series A Financing

Latham & Watkins LLP has advised German-American laser fusion company Focused Energy on its US$240 million Series A financing. The financing round is the largest Series A financing in the global fusion industry to date. Investors include RWE, the Federal Agency for Breakthrough Innovation SPRIND, the European Innovation Council Fund, and existing investor Prime Movers Lab. This fundraise will assist Focused Energy in its goal to transfer fusion technology from research into industrial application in Germany and to build the world’s first laser fusion power plant in Biblis, together with scientific and industry partners, by the mid-2030s.

The Latham team was led by Boston corporate/emerging companies partner Spencer Ricks and Frankfurt corporate/emerging companies partner Markus Krüger, with counsel Andreas Lönner and associates Dominique Brieger, Lara Stelmach, Lasse Winzer, Alexander Belk, and Erik Thompson. Advice was also provided on IP matters by Frankfurt partner Susan Kempe-Müller, with associate Johannes Huschka; on infrastructure real estate matters by counsel Sven Nickel, with associate Janina Kirschner; and on tax matters by Munich partner Ulf Kieker and New York partner Matthew Dewitz, with counsel Daniel Hiemer.