Proxima Fusion designs and builds fusion power plants based on quasi-isodynamic high-temperature-superconductor (QI-HTS) stellarators. Its main project, Alpha, is a net-energy stellarator demonstrator near Munich developed with partners Bavaria, IPP and RWE to test and prove the technology before a commercial Stellaris plant planned for the 2030s. The company leverages its roots as the first Max Planck Institute for Plasma Physics spin-out and uses advanced HTS magnets to create steady magnetic confinement for fusion plasma, enabling a scalable path to power generation. Proxima differentiates itself by pursuing a clear commercial roadmap from a world-class research lineage, collaboration with industry and government partners, and a focus on the Stellaris design to move from a demonstrator to a market-ready fusion power plant. The goal is to deliver commercially viable fusion energy, moving from the Alpha demonstrator to fully commercial Stellaris plants in the 2030s.
Company Size
51-200
Company Stage
Series B
Total Funding
$651.5M
Headquarters
Munich, Germany
Founded
2023
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