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

Bloomberg

BusinessBloomberg·Jul 7, 2026·1 min read

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

German startup Proxima Fusion has raised €411 million ($469 million) from a range of investors, including national energy firm RWE AG and Alphabet Inc.’s Google, to develop a nuclear fusion plant it hopes will be operational in the 2030s.

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