A German start-up, Proxima Fusion, has raised a record €130 million in funding to advance its fusion energy technology, focusing on developing a stellarator device, which is seen as a viable alternative to traditional tokamaks. This investment, led by Cherry Ventures and Balderton Capital, positions Proxima as a potential leader in fusion power, aiming to construct a unique magnet by 2027 and a demonstration plant by 2031, as emphasized by CEO Francesco Sciortino. With strong governmental support and a commitment to innovation, Proxima seeks to ensure Europe remains at the forefront of fusion research.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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