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

funding round active 70% AI & Tech

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.

🇩🇪 Location: Germany — Sources: 1 — First seen: Last seen:
Nuclear Fusion Proxima Fusion Google RWE AG Energy Technology

Linked Entities

Proxima Fusion

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RWE AG

organization investor

Google

organization investor 🇺🇸

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