Google-backed fusion start-up taps Japan to revive German industrial base

What happened: Proxima Fusion, a Google-backed Munich fusion start-up, is partnering with Japan's Fujikura on a possible manufacturing facility in Lower Saxony, Germany, to produce a critical fusion reactor component. Why it matters: Proxima's chief said companies are moving to China over a lack of cheap nuclear power, and Germany is looking to build a domestic supply chain for the commercially unproven technology and revive its industrial base.

Proxima Fusion, a Google-backed Munich fusion start-up, is partnering with Japan's Fujikura on a possible manufacturing facility in Lower Saxony, Germany, to produce a critical fusion reactor component.

Proxima's chief said companies are moving to China over a lack of cheap nuclear power, and Germany is looking to build a domestic supply chain for the commercially unproven technology and revive its industrial base.