July 7 : Magnetic fusion start-up Proxima Fusion has raised €411 million ($469.69 million) from investors including Alphabet's Google and German utility RWE as part of a financing round, the Munich-based start-up said on Tuesday.• "Proxima’s financing demonstrates that Europe can not only invent breakth

Latest fusion company to secure backing from the tech giant

Proxima Fusion secures massive funding from RWE and Google to build a €2 billion stellarator fusion plant in Germany, with implications for energy and