Proxima Fusion’s €411M round made headlines for Google. The real story is how Germany matched public and private capital to build Europe’s biggest fusion deal.
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July 20, 20264 minute read
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When Google backed Proxima Fusion's €411 million round, it marked the search giant's first investment in a European fusion company. But the investors who backed the company say that is not the story. The financing structure behind the money is.
Proxi...
Munich’s Proxima Fusion has raised €411mn from backers including Google and RWE, the largest private fusion round Europe has seen.
Munich-based Proxima Fusion secured €411M to build a stellarator demo plant in Bavaria, marking Google's first European fusion…
Latest fusion company to secure backing from the tech giant
Proxima Fusion's €2.4 billion valuation speaks to the growing European determination to compete in the nascent fusion space.
July 7 : Magnetic fusion start-up Proxima Fusion has raised €411 million ($469.69 million) from investors including Alphabet's…
Proxima Fusion secures massive funding from RWE and Google to build a €2 billion stellarator fusion plant in Germany, with…
