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

German startup Proxima Fusion has raised €411 million from investors, including Alphabet Inc.’s Google and national energy firm RWE AG. This funding supports the development of a nuclear fusion plant intended to be operational in the 2030s. While the company's advancements could accelerate the transition to sustainable energy, potential regulatory and funding hurdles may delay widespread impact. The startup currently holds a valuation of €2.4 billion as the global fusion energy race continues to intensify.