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.

2022

Record-breaking operation of Wendelstein 7-X (W7-X), the world’s most advanced stellarator at the Max Planck Institute for Plasma Physics (IPP)

2023

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

2024

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

2027

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

Early 2030s

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

2030s

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

2022
2023
2024
2027
Early 2030s
2030s

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.

Francesco Sciortino
Co-Founder and CEO
Lucio Milanese
Co-Founder and Chief External Affairs Officer
Jorrit Lion
Co-Founder and Chief Scientist
Martin Kubie
Co-Founder and Chief Engineer
Sergei Galperin
Chief Financial Officer
Maria Dantz
Head of Communications
Dr Jonathan Schilling
Co-Founder and Head of Assembly
Marija Kose
Head of People
Lennart Bock
Head of Operations

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.

An aerial photograph of the area of Munich, Germany where Proxima Fusion is headquartered.
Imagery ©2026 Landsat / Copernicus, Imagery ©2026 Airbus, Maxar Technologies, Map data ©2026

Munich, Germany

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

An aerial photograph of the Paul Scherrer Institute in Zurich, Switzerland.
Imagery ©2026 ©swisstopo, Imagery ©2026 Airbus, CNES / Airbus, GeoBasis-DE/BKG, Maxar Technologies, ©swisstopo, Map data ©2026 Google

Zurich, Switzerland

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

An aerial photograph of the Culham campus in Oxford, UK.
Imagery ©2026 Airbus, Imagery ©2026 Airbus, Maxar Technologies, Map data ©2026

Oxford, United Kingdom

The site of our office on the UK Atomic Energy Authority (UKAEA)’s Culham Campus.

FAQ

What is Proxima Fusion?
What is a stellarator?
What is a quasi-isodynamic (QI) stellarator?
What is the difference between a stellarator and a tokamak?
Why does Proxima Fusion use high-temperature superconducting (HTS) magnets?
What is the Stellarator Model Coil (SMC)?
What is Alpha?
What is Stellaris?
When will Proxima Fusion put fusion on the grid?
Where is Proxima Fusion building its fusion machines?
What is the Alpha Alliance?
How is Proxima Fusion connected to Wendelstein 7-X and IPP?
How much funding has Proxima Fusion raised?
Who works at Proxima Fusion?