Proxima Fusion

Proxima Fusion develops stellarator fusion technology as integrated systems, covering design, high-temperature superconducting magnets, manufacturing, supply chains and program delivery. Its two programs are Alpha, a demonstration stellarator, and Stellaris, a concept for a first commercial fusion power plant.

The website does not describe its customers or revenue model. It names research institutions as collaborators, including the Max Planck Institute for Plasma Physics (IPP), the Karlsruhe Institute of Technology (KIT) and the Research Center Jülich, and refers to an Alpha Alliance of industrial partners.

The company was spun out of IPP in 2023 and is registered in Munich (HRB 283423). It presents Munich as its headquarters, with additional offices in Zurich and Oxford and labs at the Paul Scherrer Institute in Switzerland and on the UK's Culham Campus. The website cites a team of 200+ and backing of over €650M. Its 40 open roles cover procurement, manufacturing and site operations, magnet engineering, plasma modelling and software.

Product: Alpha demonstration stellarator and Stellaris commercial fusion power plant concept, with superconducting magnet technology and manufacturing capabilities.