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February 26, 2026

Nuclear startup Proxima Fusion eyes €1.2bn from German government

CEO confident of winning government tender set to launch later this year

Freya Pratty and Éanna Kelly

3 min read

Nuclear startup Proxima Fusion is aiming to secure around €2bn to build a test facility in Germany, more than half of which the company expects to be supplied by the federal government.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Éanna Kelly

Éanna Kelly is a contributing editor at Sifted, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow him on X and LinkedIn

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