How will events develop in connection with the adoption of new legislation United States of America to transition their economies into a greener and less polluting era, which attracts investments and alienates them from the EU is reflected in a single example. Marvel Fusion, one of the few European startups developing zero-carbon fusion technology, is under intense pressure from its investors to relocate its headquarters to the US.

This is reported by the British newspaper in its publication. Financial Times and moneyreview.gr. “Pressure is mounting from our existing investors every day to potentially move to the United States,” Moritz von der Linden, founder and CEO of the four-year-old German company, told the Financial Times.

The pressure from investors is partly due to the US government giving $1.4 billion to the domestic fusion industry, an amount the US Fusion Industry Association called “record funding.”

The move comes as U.S. officials from several states are trying to lure foreign companies and groups into U.S. soil by touting and touting the big tax breaks and subsidies available under the historic new inflation-reduction law.

“Investors are asking us to move to the United States,” the company’s founder said, referring to US subsidies for the fusion industry.

The law, passed in August, will provide about $370 billion in broad subsidies, some for clean energy like the fusion industry, marking America’s most ambitious effort to tackle the climate crisis.

“Deflationary legislation has completely changed the rules of the game in favor of the United States,” von der Leyden said, highlighting the contrast between the industrial policy of Washington and Brussels.

In addition, the head of Marvel Fusion is also concerned about how US legislation will affect the level of investment in Europe from energy-intensive enterprises in the steel, aluminum and chemical sectors – a promising startup customer base – in Europe. in the next five to ten years.

For his part, Heike Freud, Chief Operating Officer of Marvel Fusion, believes that European governments should “act as customers” rather than trying to keep clean energy companies in the region through subsidies.

A double statement released by Germany and France after their leaders met over the weekend said the two countries “will work together to see where new technological breakthroughs in fusion are possible, and to consider industry initiatives in the field.”

Freud welcomed the announcement but said it was weaker than Washington’s commitment, adding that new investors were concerned about Europe’s suitability as a home for fusion start-ups. “When it comes to larger funding rounds, investors also want to see the German government’s commitment to fusion,” he said.

Marvel Fusion is exploring the development of laser fusion technology, which involves creating what could be called an artificial sun using laser beams.