Google and RWE back Proxima Fusion in record €411mn round
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 €2.4bn and brings in Google and German utility RWE as strategic backers. XTX Ventures and […]<br /> This story continues at The Next Web [...]
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Proxima Fusion seeks €2 Billion to build a nuclear fusion test facility
Proxima Fusion, a Munich-based nuclear energy startup, has outlined plans to raise about €2 billion to build a major fusion test facility in Germany that could be a milestone on the path to commerci [...]
European VCs just made a record bet on this fusion energy underdog
Two years ago, German startup Proxima Fusion emerged from stealth with big ambitions to make a little-known stellarator fusion machine a serious contender in the race for commercial fusion energy. Tod [...]
Max Planck spinout unveils ‘world’s most viable’ fusion reactor design — and only needs 6 years to build it
German startup Proxima Fusion — whose team includes engineers from MIT, Google, SpaceX, and McLaren — has unveiled a fusion energy reactor design it believes offers the quickest route to commercia [...]
A German startup raised $240 million to commercialise the only fusion experiment that has ever produced net energy
Focused Energy, a Germany-based fusion startup, has raised an oversubscribed $240 million Series A round to develop a commercial reactor based on the same approach that produced the world’s first co [...]
A private start-up called Helion aims to have a working fusion reactor by 2028
Building a working nuclear fusion reactor has proven to be a daunting challenge even for multiple wealthy nations, as we've seen with the much-delayed ITER project. However, a private start-up ca [...]
Fusion energy could be ‘decisive building block’ for Europe’s energy security
Highly dependent on imported fossil fuels and renewable energy technologies from foreign powers such as the US, China, and Russia, Europe’s energy security is in a precarious state. One potential fi [...]