German startup Proxima Fusion raises €411 million (about $469 million) from a group of investors, including energy firm RWE AG and Alphabet Inc.’s Google, according to Bloomberg and the Financial Post. The funding round values the company at about €2.4 billion. Proxima Fusion plans to develop a nuclear fusion plant, aiming for operations in the 2030s. Both outlets describe the investment as part of efforts to commercialize fusion technology, which remains in the development stage globally. Details on the full list of investors beyond RWE and Google were not specified in the provided accounts. The company’s stated timeline suggests it is working toward building and deploying fusion capacity over the next decade or so, subject to technical and regulatory progress. The reports present the investment and valuation as key milestones for the company as it moves from development toward a potential commercial facility.