# Proxima Fusion

The European startups racing to power the AI boom, mapped
Pro
Market map
July 31, 2026
The European startups racing to power the AI boom, mapped
From nuclear to geothermal to tidal power, Sifted maps the European startups developing new sources of electricity for the continent’s growing data centre buildout
Jonathan Sinclair
Google backs Proxima Fusion in €411m raise
News
July 7, 2026
Google backs Proxima Fusion in €411m raise
Google has previously said it wants to “send a demand signal to the market for fusion energy”
Freya Pratty
Europe’s investors eye nuclear startups amid ‘massive scramble’ for sovereign energy
Pro
Analysis
June 25, 2026
Europe’s investors eye nuclear startups amid ‘massive scramble’ for sovereign energy
Some investors report seeing more nuclear startups in the market, but big challenges remain
Anne Sraders
100+ companies the €5bn Scaleup Europe Fund could back
Pro
List
May 22, 2026
100+ companies the €5bn Scaleup Europe Fund could back
We've been asking investors which companies they think the fund will back
Freya Pratty, Anne Sraders and Federico Scolari
Nuclear startup Proxima Fusion eyes €1.2bn from German government
Pro
News
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
10 predictions for German tech in 2026
Pro
Features
January 8, 2026
10 predictions for German tech in 2026
Sifted asked 10 founders and investors what’s in store for Germany’s tech future
Miriam Partington
Fusion fever: Europe’s startups race to power the future
Pro
Analysis
June 19, 2025
Fusion fever: Europe’s startups race to power the future
With European governments pledging billions and VCs waking up to fusion, Sifted lists the key startups
Mimi Billing
Germany’s Proxima Fusion secures €130m
News
June 11, 2025
Germany’s Proxima Fusion secures €130m
The Munich-based company hopes to build a demonstration plant by 2031
Freya Pratty

# Proxima Fusion

The European startups racing to power the AI boom, mapped

Google backs Proxima Fusion in €411m raise

Europe’s investors eye nuclear startups amid ‘massive scramble’ for sovereign energy

100+ companies the €5bn Scaleup Europe Fund could back

Nuclear startup Proxima Fusion eyes €1.2bn from German government

10 predictions for German tech in 2026

Fusion fever: Europe’s startups race to power the future

Germany’s Proxima Fusion secures €130m