Munich-based startup spun out of the Max Planck Institute for Plasma Physics (IPP) in 2023 developing QI-HTS stellarator fusion reactors. Proxima aims to demonstrate net energy gain with its Alpha demonstration reactor and later deliver commercial fusion plants (Stellaris) using high-temperature superconductors and simulation-driven engineering.
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Frequently Asked Questions
Where is Proxima Fusion located?
Proxima Fusion is located in Munich / Garching, Germany.
What industries does Proxima Fusion operate in?
Proxima Fusion operates in the following industries: fusion energy, clean energy, cleantech, energy.
When was Proxima Fusion founded?
Proxima Fusion was founded on 2026-02-27.
How much total funding has Proxima Fusion raised?
Proxima Fusion has raised a total of $415,000,000.
Who are the investors in Proxima Fusion?
The investors in Proxima Fusion are: CDP (Cassa Depositi e Prestiti), European Innovation Council Fund (EICF), Brevan Howard Macro Venture Fund, Deep Tech & Climate Fund (DTCF), High-Tech Gründerfonds (HTGF), Max-Planck-Förderstiftung, Bavaria (state government), Federal Government of Germany, RWE.
Who are the founders of Proxima Fusion?
The founders of Proxima Fusion are: Francesco Sciortino.
What is Proxima Fusion?
Proxima Fusion is a Munich-based fusion energy company that spun out from the Max Planck Institute for Plasma Physics. The company focuses on developing clean, limitless energy through the design and construction of stellarator fusion power plants.
What specific fusion technology does Proxima Fusion utilize?
Proxima Fusion utilizes quasi-isodynamic stellarator technology. This approach uses complex magnetic fields to confine plasma, aiming for steady-state operation and high stability compared to other fusion methods.
Where is Proxima Fusion based?
Proxima Fusion is headquartered in Munich, Germany, which allows it to maintain close ties with leading research institutions in the field of plasma physics and engineering.
What is the main objective of Proxima Fusion?
The main objective of Proxima Fusion is to design and build the first generation of commercially viable fusion power plants, providing a carbon-free and sustainable source of base-load electricity.
How does Proxima Fusion design its fusion reactors?
Proxima Fusion employs advanced high-performance computing and simulation-driven design processes to optimize the magnetic configurations of their stellarators, ensuring efficient plasma confinement.