Latest Proxima Fusion News & Updates

See the latest news and media coverage for Proxima. We track all announcements, press releases, and industry mentions in real time, all in one place.

Proxima Fusion (Proxima)

Fusion energy developer using quasi-isodynamic stellarators

proximafusion.com

Headquarters: Munich, Germany
Founded year: 2023
Company type: Private company
Number of employees: 190–200
Industry: Independent Power Producers

Last updated October 9

Latest news about Proxima Fusion (Proxima)

In short: Proxima raised €411M, signed a Bavarian fusion plant deal and advanced HTS supply chains

Company announcements

October 9 Proxima

Proxima highlights Milestone Program support

The German program backs fusion companies toward demonstration plants. Proxima raised €411 million and targets net energy gain in the early 2030s.

July 7 Proxima

Proxima raises €411 million to build commercial fusion champion

The round was led by XTX Ventures and East X Ventures, with RWE and Google investing, valuing Proxima at €2.4 billion.

April 29 Proxima

Proxima Fusion urges EU Fusion Strategy

CEOs of European fusion companies call for an ambitious EU strategy to prioritize fusion for energy security, technological sovereignty, and net-zero goals. It demands milestone-based funding and regulatory integration.

April 22 Proxima

Proxima reports on Merz' fusion interest

Chancellor Merz visited KIT booth at HANNOVER MESSE with ministers and emphasized fusion technology. Proxima builds Supply Chain with Alpha Alliance.

Media coverage

September 22 Hamburger Abendblatt

Söder snatches Stade's billion-dollar project: How the core fusion deal with Proxima Fusion fell through

New technology was supposed to be located on the site of the former nuclear reactor. Why Garching and Markus Söder can now rejoice.

September 10 TechCrunch

Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers

Proxima Fusion's new high-temperature superconducting magnet factory will help supply its commercial power plant.

September 9 Milano Finanza

Proxima Fusion, agreement in Lower Saxony for a high-temperature superconducting tape plant: investment of 140 million

The European startup with two Italian founders, Francesco Sciortino and Lucio Milanese, signs a memorandum of understanding with the State of Lower Saxony: it will be the...

September 5 Yahoo Finance

Google Just Dropped €411 Million on a Fusion Reactor Deemed “Impossible” to Build

For the past 50 years, the global race for commercial nuclear fusion has been utterly dominated by t...

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