Proxima Fusion

Developing stellarator fusion power plants using high-temperature superconducting magnets for continuous, clean energy production.

Status unknownVerified by OSH Website

Proxima Fusion is a hardware & semiconductors company based in Munich, DE, founded in 2023.

Overview

Proxima Fusion develops stellarator-based fusion power plants, focusing on quasi-isodynamic configurations that leverage high-temperature superconducting (HTS) magnets [0, 1]. Founded in 2023 as a spin-out from the Max Planck Institute for Plasma Physics, the company aims to facilitate steady-state energy production, avoiding the pulsed operations typical of other fusion methods [1]. Proxima oversees the full development lifecycle, encompassing simulation, design, and manufacturing [0]. Its current roadmap features “Alpha,” a demonstration device scheduled for the early 2030s to achieve net energy gain, followed by the “Stellaris” concept for commercial deployment [1]. The firm has raised approximately €650 million ($740 million) in public and private funding [1]. Based in Munich with facilities in Switzerland and the United Kingdom, Proxima operates the Alpha Alliance, a consortium of over 50 industrial partners and research institutions designed to build out the necessary supply chains for commercial-scale fusion [1]. The company employs over 200 staff members [1].

fusionenergystellaratorsuperconductorsdeep-techclimate-tech