Google and RWE Back German Nuclear Startup Proxima Fusion at €2.4 Billion Valuation
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...
By Eyk Henning, Arno Schuetze, Maya Thompson · Bloomberg Markets
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.