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Google and RWE Back Proxima Fusion at $2.7B to Build Europe's First Commercial Fusion Plant
Munich stellarator startup Proxima Fusion raised 411 million euros ($468M) from investors including Google and German utility RWE, reaching a 2.4 billion euro ($2.7B) valuation. It is now the best-financed fusion company in Europe and plans to build the continent's first commercial fusion plant at a former nuclear fission site in Bavaria, with a demonstrator targeted for the early 2030s.
Continue the story on unscarcity.ai:
Fusion Energy 2024-2030: The $10B+ Commercial Race
How to Turn $60 Trillion of Dying Wealth Into Fusion Reactors
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