Proxima Fusion
proxima-fusion.com
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Overview
Proxima Fusion is a Munich company founded in 2023 as a spin-out from the Max Planck Institute for Plasma Physics. It designs stellarator fusion power plants using high temperature superconducting magnets and computational optimisation. The company raised one of the largest European fusion funding rounds to build its demonstration machine.
News
Proxima Fusion raises 411 million euros
With the successful completion of a record-breaking financing round totaling 411 million euros, Proxima Fusion has reached a decisive milestone in the implementation of the Alpha fusion demonstrator.
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Proxima Fusion Raises €411 Million to Build Europe's Commercial Fusion Champion
Proxima Fusion today announced a €411 million ($468 million) financing round, bringing the company's valuation to €2.4 billion ($2.7 billion) and establishing Proxima as the best-funded fusion company in Europe.
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Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe's Commercial Fusion Champion
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Proxima Fusion, RWE, the Free State of Bavaria and Max Planck Institute for Plasma Physics sign agreement to build the world's first commercial fusion power plant in Europe
Proxima has signed an agreement with the Free State of Bavaria, RWE, and Max Planck Institute for Plasma Physics (IPP) to put the world's first commercial stellarator fusion power plant on the grid in Europe.
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