Munich-based Proxima Fusion bags €20 million seed to accelerate timeline to fusion power

Published on April 10, 2024

Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), has raised €20 million in seed funding to propel the Munich-based startup towards building the first generation of fusion power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconductors. Proxima Fusion’s vision is to lead Europe into a new era of…

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