Proxima Fusion
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | N/A | Support Program | |
N/A | N/A | Seed | |
* | €20.0m | Seed | |
N/A | Grant | ||
* | N/A | Early VC | |
Total Funding | €27.0m |
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Recent News about Proxima Fusion
EditProxima Fusion is a European startup focused on developing the first generation of fusion power plants using Quasi Isodynamic (QI) stellarators. These advanced fusion devices are designed to provide clean, abundant, and safe energy, addressing the limitations of traditional fusion technologies. The company leverages high-temperature superconductors and modern computational design to optimize magnetic confinement, ensuring continuous operation and intrinsic stability. Proxima Fusion serves the energy sector, targeting utilities and governments seeking sustainable energy solutions. The business model revolves around the development and commercialization of QI stellarator-based power plants, generating revenue through partnerships, licensing, and direct sales. By pioneering this cutting-edge technology, Proxima Fusion aims to complement renewable energy sources and lead the transition to a sustainable energy future.
Keywords: fusion power, QI stellarators, clean energy, high-temperature superconductors, magnetic confinement, energy sector, sustainable energy, computational design, power plants, European startup.