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Proxima Fusion, a nuclear fusion startup, has raised an additional €15 million, bringing its Series A funding to €145 million. This investment, led by prominent European funds, will support the construction of its stellarator, a device that aims to make commercial fusion power viable.

Founder Francesco Sciortino emphasizes the importance of government collaboration and highlights Europe's potential in the fusion sector, despite stiff competition from the U.S. and China. Proxima is exploring various European locations for its first plant, expected to cost around €1 billion.