Proxima Fusion

Fact sheet

• Founded in 2023↗ Proxima Funding Round Targets 2030s for Fusion Power↗ Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion↗ Proxima Fusion Raises €411 Million to Build Europe's ...↗ Proxima Fusion↗ Proxima Fusion 2026 Company Profile↗ Proxima Fusion
• HQ in Munich, Germany↗ Proxima Funding Round Targets 2030s for Fusion Power↗ Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion↗ Proxima Fusion Raises €411 Million to Build Europe's ...↗ Proxima Fusion↗ Proxima Fusion 2026 Company Profile↗ Proxima Fusion
• Key technology: Quasi-isodynamic (QI) stellarators↗ Proxima Funding Round Targets 2030s for Fusion Power↗ Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion↗ Proxima Fusion Raises €411 Million to Build Europe's ...↗ Proxima Fusion↗ Proxima Fusion 2026 Company Profile↗ Proxima Fusion
• Develops Alpha net-energy fusion demonstrator and Stellaris commercial plant concept↗ Proxima Funding Round Targets 2030s for Fusion Power↗ Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion↗ Proxima Fusion Raises €411 Million to Build Europe's ...↗ Proxima Fusion↗ Proxima Fusion 2026 Company Profile↗ Proxima Fusion
• Notable partners: Max Planck Institute for Plasma Physics, RWE, and the Free State of Bavaria↗ Aiwanger: "Gundremmingen wird zum Leuchtturm für moderne Energie-Erzeugung und Fusionsenergie" - Bayerisches Staatsministerium für Wirtschaft, Landesentwicklung und Energie · 2026-07-16↗ Proxima Funding Round Targets 2030s for Fusion Power↗ Proxima Fusion Raises €411 Million at a €2.4B Valuation to Build Europe’s Commercial Fusion Champion↗ Proxima Fusion Raises €411 Million to Build Europe's ...↗ Proxima Fusion↗ Proxima Fusion 2026 Company Profile
• Plans to manufacture fusion reactor components at the former Gundremmingen nuclear power plant site starting in 2027, in collaboration with RWE↗ Fusionskraftwerk: Proxima Fusion startet Produktion in Gundremmingen - b4bschwaben.de · 2026-07-16

Connections

• Commonwealth Fusion Systems — Proxima Fusion and Commonwealth Fusion Systems are competing players in the private fusion industry, both among the top fundraisers in the past year.↗ Global Investments In Nuclear Fusion Surge 69% To $4.5B | ZeroHedge
• Gauss Fusion — Proxima Fusion is a separate European stellarator-focused fusion startup operating in the same competitive space as Gauss Fusion.↗ The fixed boundary plasma equilibrium basis for a one Gigawatt ...
• Gauss Fusion — Proxima Fusion raised €411 million in Europe's largest private fusion round to date, widening its funding lead over fellow European stellarator startup Gauss Fusion.↗ Fusion Industry Attracts Record Annual Funding of $4.48bn, Raising Total to $14.24bn - Fusion Industry Association
• Google — Google made its first European fusion investment as a strategic investor in Proxima Fusion's July 2026 €411M funding round.↗ Fusion Industry Attracts Record Annual Funding of $4.48bn, Raising Total to $14.24bn - Fusion Industry Association
• Inertia Enterprises — Inertia Enterprises and Proxima Fusion are among the top recipients of the record $4.48B in global fusion investment reported for the past year.↗ Fusion energy company opens research HQ in Livermore - Pleasanton Weekly
• Marvel Fusion — Proxima Fusion, a Munich-based stellarator startup, raised €411M in July 2026 and has been cited as Europe's best-funded fusion company, placing it in direct competitive comparison with Marvel Fusion's self-described position as Europe's leading fusion energy company.↗ Fusion Industry Attracts Record Annual Funding of $4.48bn, Raising Total to $14.24bn - Fusion Industry Association
• Max Planck Institute for Plasma Physics — Notable partner of Proxima Fusion↗ Proxima Fusion - Products, Competitors, Financials, Employees, Headquarters Locations
• RWE — Notable partner of Proxima Fusion↗ Proxima Fusion - Products, Competitors, Financials, Employees, Headquarters Locations
• Stellarex — Proxima Fusion is a fellow stellarator-based fusion developer whose demonstrator progress represents a comparable technology approach and competitive reference point for Stellarex.↗ Fusion Industry Attracts Record Annual Funding of $4.48bn, Raising Total to $14.24bn - Fusion Industry Association
• TAE Technologies — Proxima Fusion is a separate Google-backed fusion company that recently raised €411M, operating alongside TAE Technologies in Google's fusion investment portfolio.↗ General Fusion go-public deal to close Friday – but amount contributed by SPAC partner a mystery - The Globe and Mail
• Type One Energy — Proxima Fusion is a competitor in the global stellarator-based fusion startup landscape alongside Type One Energy.↗ Bill Gates' Artificial Sun: A New Era for Clean Energy (2026)
• Type One Energy — Proxima Fusion raised €411 million and unveiled its Alpha stellarator-based demonstrator, intensifying competition with Type One Energy in the global stellarator fusion startup landscape.↗ Fusion Industry Attracts Record Annual Funding of $4.48bn, Raising Total to $14.24bn - Fusion Industry Association

Recent developments

• Proxima Fusion and RWE plan to manufacture fusion reactor components at the former Gundremmingen nuclear power plant site starting in 2027, converting the decommissioned facility into a fusion manufacturing hub.

  Read more ↗b4bschwaben.de16 Jul

• Proxima Fusion launched the Alpha Alliance, an industrial and research consortium supporting the design of its Alpha stellarator demonstrator; Swedish electron beam manufacturer Freemelt joined as a member via MOU, contributing expertise in tungsten component fabrication.

  Read more ↗voxelmatters.com15 Jul

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