Proxima Fusion Closes €411 Million Funding Round for Stellarator Demonstrator (heise.de)

• Proxima Fusion raises €411 million in funding
• Company valued at over €2.4 billion
• Funding enables construction of Alpha stellarator demonstrator in Garching
• €1.2 billion German federal funding still required

"Munich-based fusion startup Proxima Fusion raised €411 million from investors including Google and RWE, becoming Europe's highest-valued fusion company at over €2.4 billion. The funding is a prerequisite for building the Alpha demonstrator, a stellarator reactor near Garching, as part of a memorandum with the IPP, RWE, and Bavaria. Still pending is €1.2 billion in federal German funding."