Proxima Fusion
Proxima Fusion is a Fusion Energy company founded in 2023 and based in Munich, Germany.
Proxima Fusion was founded in 2023 and is headquartered in Munich, Germany. The company develops stellarator fusion technology, a magnetic-confinement approach intended for continuous operation. Its named programs are Stellaris, a commercial stellarator power plant concept using a quasi-isodynamic magnetic configuration and high-temperature superconducting magnets, and Alpha, a planned demonstration stellarator targeted for 2031 to show a fusion gain greater than one in steady-state operation. A near-term hardware step, the Stellarator Model Coil, is scheduled for 2027 to de-risk the magnet technology before Alpha is built. Stellaris is planned for the former Gundremmingen nuclear site in Germany and is a development target for the 2030s rather than a shipping product. The company's revenue model is not established in the available data. Funding totals and round history are not recorded in the available data, so its capital position cannot be assessed from this record. The company lists between 51 and 200 employees and has a five-person founding team plus a CFO and a chief technical operations officer.
Proxima Fusion is one of the companies in the fusion energy category pursuing the stellarator design rather than the tokamak approach, with a stated plan to demonstrate a fusion gain greater than one in a continuously operating machine by 2031. Its roadmap sequences a 2027 magnet model coil, a 2031 demonstration device, and a Stellaris power plant concept for the 2030s, which gives the sector a set of dated milestones to measure progress against. The company's headcount range of 51 to 200 and its five co-founders place it among the mid-sized teams in its category. Capital raised is not recorded in the available data, so its funding depth relative to these milestones cannot yet be judged.
At a glance
Total raised
Undisclosed
Headcount
51-200
Headquarters
Munich
GermanyFounded
2023
Status
Private
Subsector
Energy, ranked
Top 25 Energy companies →Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
In the news
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