In a groundbreaking development for clean energy, German startup Proxima Fusion has raised $150 million in a Series A funding round, marking it as one of the largest private fusion investments in Europe. The Munich-based company is pioneering the development of stellarator-based fusion power plants, aiming to deliver virtually limitless, clean, and safe energy.
The funding round, announced on June 11, 2025, will accelerate Proxima Fusion's ambitious timeline to build a demonstration version of its fusion power plant by 2031. The company plans to have a commercial plant operational in the 2030s, a significant step toward transforming the global energy landscape.
Proxima Fusion's innovative approach leverages superconducting magnets, a critical technology in achieving sustainable nuclear fusion. This funding will support the development of these components, alongside expanding their world-class team in Munich and fostering public-private partnerships across Europe.
CEO Francesco Sciortino emphasized the importance of governmental support, urging the German government to invest heavily in nuclear fusion. He described Proxima Fusion as a 'European treasure' with the potential to position Europe as a leader in clean energy innovation.
The influx of venture capital into fusion startups like Proxima Fusion signals growing confidence in the feasibility of commercial nuclear fusion. Despite the technology not yet being a reality, the $150M investment underscores the high stakes and transformative potential of this field.
As the race for fusion energy intensifies, Proxima Fusion stands out with its clear path to grid deployment. The company's success could pave the way for a future where clean energy is abundant, addressing pressing global challenges like climate change and energy security.
Andrew Lee
