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Germany, Lower Saxony, Grohnde, Grohnde Nuclear Power Plant. Westend61 German start-up Proxima Fusion on Wednesday announced it had raised 130 million euros ($148 million) in a record funding round, with investors hopeful the company can soon develop the world’s first commercial nuclear fusion power plant. The Series A financing round, which was co-led by investors … Read more
Commercial nuclear fusion power isn’t a reality yet. But venture capital is flowing into startups that promise that clean, safe, and virtually limitless energy is no longer just a distant dream. Most fusion companies that have raised over $100 million are based in the United States. Not Proxima Fusion, a German startup that has just … Read more
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