Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion

Proxima Fusion raises €411M at €2.4B valuation, marking Google's first European fusion investment — TFN

Proxima Fusion raised €411M at €2.4B with Google and RWE backing—Europe's largest private fusion round. Stellarators enable continuous operation versus pulsed tokamaks; Google's first European fusion bet diversifies architectures against Commonwealth Fusion Systems.