Our progress so far
Proxima is turning stellarator science into industrial capability and supply chains on the path to building the world’s first stellarator fusion power plant.
Record-breaking operation of Wendelstein 7-X (W7-X), the world’s most advanced stellarator at the Max Planck Institute for Plasma Physics (IPP)

Spin-out of Proxima from IPP, to build directly on the success of W7-X

Publication of peer-reviewed Stellaris fusion power plant concept - first-of-a-kind design for a stellarator fusion power plant

Completion of the Stellarator Model Coil (SMC) demo magnet and the design for demo stellarator Alpha

Alpha - The demo stellarator that will first achieve net energy gain

Stellaris - The stellarator fusion power plant that will first put fusion electricity on the grid







Our team
Our team of 200+ world-class scientists, engineers, and operators has been assembled from some of the world’s most innovative companies and institutions, including the Max Planck IPP, TUM, MIT, SpaceX, Tesla, McLaren, Google X, EPFL, Stanford, KIT, Harvard, Imperial and Cambridge.
We work closely with world-leading fusion research institutions, including the Max Planck Institute for Plasma Physics (IPP), the Karlsruhe Institute of Technology (KIT), and the Research Center of Jülich, the UK Atomic Energy Authority and the French Center for Atomic Energy, leveraging decades of research and experience from the European fusion ecosystem.









Our partners
Scientific partner
Proxima Fusion was spun out of the Max Planck Institute for Plasma Physics (IPP) and is rooted in the scientific foundation established by Wendelstein 7-X, IPP’s flagship stellarator. Today, IPP is Proxima’s scientific partner for Alpha, bringing decades of stellarator research to the program as we advance towards the next generation of fusion machines.
Strategic partners
RWE and the Free State of Bavaria are strategic partners in Proxima Fusion’s path from Alpha to Stellaris. Together, they bring public commitment and large-scale energy expertise to Alpha in Garching and plans for magnet manufacturing and Stellaris at RWE’s Gundremmingen site – helping turn stellarator science into a new fusion energy industry. Read more.
Industry partners
Proxima Fusion’s industrial consortium, the Alpha Alliance, brings together 50+ industrial companies and public research institutions with deep expertise in the design, manufacturing, and integration of components for fusion devices, aligning Europe’s strong fusion ecosystem behind a concrete engineering project.
Our investors
Proxima Fusion has raised approximately €650 million ($740 million) in private and public funding, partnering with leading investors as well as European governments.
Our locations
Proxima is headquartered in Munich, with additional offices and labs at the Paul Scherrer Institute (PSI) in Switzerland and on the UK’s Culham Campus.

Munich, Germany
The site of Proxima’s company headquarters and lab, near the Max Planck Institute for Plasma Physics (IPP).

Zurich, Switzerland
The site of our magnet lab at the Paul Scherrer Institute (PSI).

Oxford, United Kingdom
The site of our office on the UK Atomic Energy Authority (UKAEA)’s Culham Campus.
FAQ
Proxima Fusion is building the first generation of stellarator fusion power plants. Founded in 2023 as the first-ever spin-out from the Max Planck Institute for Plasma Physics (IPP) in its 60-year history, Proxima Fusion designs and builds quasi-isodynamic (QI) stellarators that use high-temperature superconducting (HTS) magnets. Proxima is headquartered in Munich, Germany, with additional sites in Oxford, United Kingdom, and Zurich, Switzerland, and has raised approximately €650 million ($740 million) in public and private funding.
A stellarator is a type of fusion device that uses precisely shaped magnetic fields to confine hot ionized matter and hold it stable long enough for sustained fusion to occur. Stellarators can be designed to run continuously, in steady state, limiting the complexity that derives from pulsed operation in many fusion approaches. More specifically, Proxima Fusion builds quasi-isodynamic (QI) stellarators, which present intrinsic stability – avoiding the sudden losses of confinement that affect tokamaks.
A quasi-isodynamic (QI) stellarator is a stellarator optimized so that the toroidal currents flowing around the plasma cancel out to zero, enabling the stability and steady-state operation required for an integrated power plant. Stellarators can be numerically optimized in countless ways, unlocking new performance levels through modern simulation and AI. Proxima Fusion pairs the QI approach with high-temperature superconducting (HTS) magnets to reach the overall design simplicity and field strengths that a commercial plant needs.
Stellarators are harder to design than tokamaks, but easier to operate. Unlike tokamaks, stellarators can run stably in continuous operation without disruptions, when designed with so-called “QI symmetries”. Proxima Fusion builds stellarators because steady-state, stable operation is essential for commercial power plants. The Wendelstein 7-X (W7-X) experiment at the Max Planck Institute for Plasma Physics (IPP) has shown that an optimized stellarator can confine hot, high-density plasma with performance that rivals leading tokamaks.
Proxima Fusion uses high-temperature superconducting (HTS) magnets because of the opportunity to simplify overall plant design and build more compact devices at higher magnetic field strengths than permitted by conventional superconductors. Stronger magnetic fields make stellarators easier, smaller, and more economical to build. Proxima Fusion is proving critical HTS technology with the Stellarator Model Coil (SMC), the first large-scale stellarator HTS magnet.
The Stellarator Model Coil (SMC) is Proxima Fusion's demo high-temperature superconducting (HTS) magnet with stellarator geometry. By the end of 2027, SMC will de-risk key HTS magnet technology for stellarators. Following SMC, Proxima Fusion will build numerous stellarator magnets in a new magnet factory, generating manufacturing capacity and learnings that carry forward into Alpha, Stellaris, and future machines. Proxima Fusion's magnet team is currently manufacturing SMC and getting ready to test it at the Center for Atomic Energy (CEA) in Saclay, near Paris.
Alpha is Proxima Fusion's demonstration stellarator, designed to achieve net energy gain (Q>1) from a stellarator for the first time. Built in partnership with the Max Planck Institute for Plasma Physics (IPP) in Munich, Germany, Alpha will validate the manufacturing methods, materials and systems that define future stellarator power plants, and is on track to become operational in the early 2030s. It is Europe's industrial bridge from advanced fusion research to commercial deployment.
Stellaris is Proxima Fusion's concept for a first commercial stellarator fusion power plant, planned for the site of a former nuclear fission power plant in Gundremmingen, Germany. It is the first stellarator power plant concept to use high-temperature superconducting (HTS) magnets at high magnetic fields, and the first to meet all major constraints for physics and engineering feasibility – a design published in a peer-reviewed journal in 2024. Stellaris will put fusion electricity on the grid in the 2030s.
Proxima Fusion is working to put fusion electricity on the grid in the 2030s with Stellaris, its first commercial stellarator power plant in Gundremmingen, Germany. Along the way, Proxima will complete its Stellarator Model Coil (SMC) demo magnet in 2027 and bring its demo stellarator, Alpha, online in the early 2030s.
Proxima Fusion is building its first fusion machines in Europe, beginning in Germany. Alpha, its demonstration stellarator, will be built near the Max Planck Institute for Plasma Physics (IPP) in Munich, and Stellaris, its first commercial power plant, is planned for the site of a former nuclear fission plant in Gundremmingen. Proxima is headquartered in Munich, with additional R&D offices and labs in Oxford, United Kingdom, and Zurich, Switzerland.
The Alpha Alliance is Proxima Fusion's industrial consortium, bringing together more than 50 industrial companies and public research institutions with deep expertise in designing, manufacturing and integrating components for fusion devices. Its purpose is not only to deliver Alpha but to build the supply chains and industrial capabilities required for future commercial stellarators, including Stellaris. The Alpha Alliance aligns Europe's fusion ecosystem behind a single concrete engineering project.
Proxima Fusion is the first-ever spin-out from the Max Planck Institute for Plasma Physics (IPP), founded in 2023 after six decades of IPP research. It builds directly on Wendelstein 7-X (W7-X), the world's most advanced stellarator, located at IPP, which proved that an optimized stellarator can confine hot, high-density plasma with performance that rivals leading tokamaks. The IPP is Proxima’s key scientific partner for Alpha.
Proxima Fusion has raised approximately €650 million ($740 million) in public and private funding to build integrated stellarator fusion power plant systems. This combined public and private backing supports the company's work across integrated design, magnet technology, manufacturing, and program delivery.
Proxima Fusion's team of more than 200 scientists, engineers and operators is drawn from leading institutions and companies including the Max Planck IPP, TUM, MIT, SpaceX, Tesla, McLaren, Google X,, EPFL, Stanford, KIT, Harvard, Imperial, and Cambridge. The company works closely with world-leading fusion research institutions, including the Max Planck Institute for Plasma Physics (IPP),the Karlsruhe Institute of Technology (KIT), and the Research Center of Jülich.