July 7, 2026

Google and RWE back Proxima Fusion in record €411mn round

Woman standing with arms crossed in modern office
Vitaly Gariev / Unsplash

Munich-based Proxima Fusion has raised €411mn ($468mn), the largest private fusion round Europe has ever seen and a rare vote of confidence in a technology that has yet to produce a watt of commercial power. The deal values the stellarator company at...