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July 24, 2023

Leading European fusion startup offered term sheet to build its tech in US

German startup Marvel Fusion has been offered a term sheet from a US-based entity, with the caveat that it must build its demonstrator in America

German nuclear fusion startup Marvel Fusion has been offered a term sheet from a US-based entity — which, if accepted, would mean the company building its demonstration lab in America. The move comes as European policymakers fight to keep hold of the continent’s climate tech companies in the face of generous subsidies from other nations.

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Alexandra Bacon

Alexandra Bacon was an editorial intern at Sifted. Find her on Twitter and LinkedIn

Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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