Google and RWE Back German Nuclear Startup Proxima Fusion at €2.4 Billion Valuation

AI Summary

German nuclear startup Proxima Fusion raised €411 million ($469 million) with investments from RWE AG and Alphabet Inc.’s Google to develop a nuclear fusion plant targeting operation in the 2030s. This funding marks a significant step in the energy technology sector.

German startup Proxima Fusion has raised €411 million ($469 million) from a range of investors, including national energy firm RWE AG and Alphabet Inc.’s Google, to develop a nuclear fusion plant it hopes will be operational in the 2030s.