RWE invests 25 million euros in fusion technology start-up Proxima Fusion
Germany, July 7 -- RWE has invested 25 million euros in the funding round of Munich-based magnetic fusion start-up Proxima Fusion. RWE had already signaled its willingness to make a financial investment in the cooperation agreement signed in February between the Free State of Bavaria, Proxima Fusion, the Max Planck Institute for Plasma Physics (IPP) and RWE. In this agreement, the partners reaffirm their intention to collaborate towards the first commercial magnetic fusion power plant at RWE's Gundremmingen site.Nuclear fusion is developing at a rapid pace worldwide - and Germany is playing an increasingly important role in this field. The involvement of renowned international investors in Proxima Fusion clearly demonstrates that German fus...
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