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CNBC·3 min read·medium

Google backs Proxima Fusion in $468 million round

K
Kai Nicol-Schwarz
Google backs Proxima Fusion in $468 million round
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Google has invested in German startup Proxima Fusion as part of a $468 million funding round to develop commercial nuclear fusion technology. The company aims to build a fusion demonstrator by the early 2030s using stellarator technology.

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Google has backed Germany-based Proxima Fusion, which is looking to build Europe's first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday.

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