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Oil major Eni bets on nuclear fusion becoming its ‘next refinery’ - Financial Times
Eni, an Italian oil and gas company, has announced strategic investment in nuclear fusion research and development, positioning it as a future core energy infrastructure asset — its 'next refinery' — to diversify beyond fossil fuels.
Aug 24, 2026
Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)
Proxima Fusion, a Munich-based nuclear fusion startup, secured €411M in funding at a €2.4B valuation, led by XTX Markets and East X, with Google participating.
Jul 9, 2026
Google backs nuclear fusion startup targeting Europe’s first commercial power plant
Proxima Fusion secured $468 million in funding to advance toward building Europe’s first commercial nuclear fusion power plant, positioning itself at the frontier of a high-stakes, technically unproven energy transition.
Jul 9, 2026