Press & News

Proxima Fusion Updates

The Advantage of Simulation-Driven Engineering: Fast-Tracking Stellarator Development

9.9.2024

At Proxima Fusion, we make extensive use of simulation as a means to accelerate our path to building stellarator fusion power plants. We’re a stellarator company, not a simulation company, but we are big believers that smart software can massively accelerate hardware development.

How the Most Advanced Stellarator in the World Set the Stage for Commercial Fusion

24.9.2024

Proxima is building on the groundbreaking results of the Wendelstein 7-X (W7-X) experiment, the world's most advanced stellarator at the Max Planck Institute for Plasma Physics (IPP) in Germany.

Proxima Fusion Awarded Accelerator Funding by European Innovation Council

15.7.2024

EIC Accelerator program awards Proxima Fusion a €2.5M grant and an opportunity for €15M investment

Proxima Fusion and the Paul Scherrer Institute (PSI) Sign Framework Agreement for the Development of High-Temperature Superconducting Magnet Technology

28.6.2024

Proxima Fusion and the Paul Scherrer Institute (PSI) have signed a framework agreement to advance the development of high-temperature superconducting (HTS) magnet technology, with applications for both fusion energy and particle physics research.

Proxima Fusion Raises €20M Seed to Accelerate Timeline to Fusion Power

10.4.2024

Proxima Fusion’s seed round, led by redalpine, was preempted and oversubscribed, with participation from the Bavarian government-backed Bayern Kapital, German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation.

Proxima Fusion partners with leading European unicorn founders for its clean energy moonshot

16.11.2023

Proxima Fusion’s new investments bring together unicorn founders who have proven experience in scaling complex tech businesses valued at more than $1Bn.

A European champion for fusion: Proxima Fusion spins out of the Max Planck Institute for Plasma Physics

30.5.2023

Proxima Fusion is the first spin-out from the Max Planck Institute for Plasma Physics (IPP). The startup was founded by former scientists and engineers from the Max Planck IPP, MIT, and Google-X.

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