Proxima Fusion Raises Record $468M from Google and RWE to Build First Commercial Fusion Plant
By
Mark Segal
Summary
German fusion startup Proxima Fusion raised €411 million ($468M) in the largest-ever private investment in European fusion energy, backed by Google and RWE. The funding values the company at nearly €2.5 billion and positions it as Europe's best-funded fusion firm, competing with the U.S. and China to achieve the first commercial fusion power plant.
Source
bskyProxima Fusion Raises Record $468M from Google and RWE to Build First Commercial Fusion Plantesgtoday.comKey quotes
· 1 pulledAccording to Proxima CEO Francesco Sciortino, the funding round comes as Europe is competing with the U.S. and China to be the first to achieve commercial fusion, with the financing establishing Proxima as the best-funded fusion company in Europe, and valuing the company at nearly €2.5 billion.
You might also wanna read
Proxima Fusion raises $468mln for fusion energy push
Google and XTX Markets back German fusion start-up as nuclear bets proliferate
Companies Explore Space-Based Data Centers as SpaceX Acquires xAI for $1.25 Trillion Venture
The article discusses the emerging trend of companies exploring space-based data centers, with SpaceX acquiring xAI to form a $1.25 trillion
civai.org·5mo ago
Together AI Raises $800 Million at $8.3 Billion Valuation for Open-Source AI Models
Together AI, an open-source AI model startup, announced an $800 million funding round at an $8.3 billion valuation, led by Prosperity7 Ventu
nytimes.com·5d ago
Nvidia Acquires AI Chip Startup Groq's Assets in $20 Billion Deal
Nvidia is acquiring assets from AI chip startup Groq for approximately $20 billion in cash, marking Nvidia's largest acquisition to date. Th
cnbc.com·6mo ago
SpaceX signs $920M/month AI compute deal with Google ahead of planned IPO
SpaceX has signed a deal with Google to provide AI compute capacity for $920 million per month, using about 110,000 Nvidia GPUs and other ha
cnbc.com·29d agoSpaceX signs $920M/month AI compute deal with Google ahead of planned IPO
SpaceX has signed a deal with Google to provide AI compute capacity for $920 million per month, using about 110,000 Nvidia GPUs and other ha
cnbc.com·29d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.