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Bloomberg

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

Tuesday, July 7, 2026


German startup Proxima Fusion raised 411 million euros from investors including RWE AG and Google in a funding round that valued the company at 2.4 billion euros. The company is developing a nuclear fusion plant. Proxima Fusion stated it aims to have the plant operational in the 2030s.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-07/google-rwe-back-german-nuclear-startup-proxima-fusion-at-2-4-billion-valuation

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