Proxima Fusion partners with Kyoto Fusioneering on reactor supply chains
The Munich stellarator developer signs a bilateral supply chain pact following its €411 million financing.
Image: Proxima Fusion
Munich-based Proxima Fusion has signed a Memorandum of Understanding with Japanese engineering firm Kyoto Fusioneering to collaborate on fusion power supply chains [1].
Founded in 2023, Proxima Fusion is developing commercial power plants based on stellarator magnetic confinement technology [1]. The agreement establishes a manufacturing and components partnership with Kyoto Fusioneering, led by CEO Kiyoshi Seko [1].
The industrial tie-up follows Proxima Fusion's €411 million funding round completed in July 2026 [1]. Outlining the strategic rationale behind securing bilateral component manufacturing capabilities, Dr. Francesco Sciortino, co-founder and CEO of Proxima Fusion, said that "the global race to fusion will be won in factories and supply chains" [1].
Questions and answers
What did Proxima Fusion and Kyoto Fusioneering announce?
The two companies entered into a Memorandum of Understanding to cooperate on fusion energy supply chains [1].
How much capital has Proxima Fusion raised recently?
Proxima Fusion secured €411 million in July 2026 [1].
Companies & investors in this story
Sources
- 1.As Merz visits Japan, energy startup Proxima Fusion moves to secure Germany’s place in the global fusion race — EU-Startups, Oct 28, 2026