Google and RWE back German nuclear fusion startup Proxima Fusion at €2.4bn valuation

German startup Proxima Fusion has raised €411 million ($469 million) from investors including Google's parent Alphabet and national energy firm RWE AG, at a valuation of €2.4 billion. The company aims to develop a nuclear fusion power plant it hopes will be operational in the 2030s. It is one of the largest funding rounds in European nuclear fusion.

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