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Tech & Startups

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

The Next Web Germany 07 July 2026, 10:06 UTC 2h ago

Google and RWE back Proxima Fusion in record €411mn round — The Next Web

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 […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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