Fusion breakthrough: Proxima Fusion raises €130M to commercialize next-gen reactors.
Munich-based startup Proxima Fusion, spun out of research at the Max Planck Institute, has closed a record-breaking €130 million funding round — the largest ever for European nuclear fusion.
The company is building reactors based on next-generation stellarator technology — a more stable and efficient alternative to tokamaks. Unlike massive megaprojects like ITER, Proxima is focused on compact, modular reactors with optimized magnetic confinement and fully digital design.
The idea is simple: Proxima’s reactors don’t require constant magnetic field adjustments, run more stably, and promise to slash the time to commercial deployment by decades compared to traditional fusion programs.
Investors are explicit about the goal: the world’s first commercial fusion reactor by 2035 — not experimental, but fully operational and connected to the grid.
Proxima is part of the new wave of Europe’s nuclear renaissance, integrating cloud-based simulations, digital twin systems, quantum computing, and automated production of magnetic components.
Fusion energy is no longer “30 years away.” It’s “10 years or less.”
👉 Official website: https://proximafusion.com
