Company Profile

Proxima Fusion

Profile date: 2026-01-30

Company Profile: Proxima Fusion GmbH

Proxima Fusion is a prominent German energy technology company focused on the development of commercial fusion power plants. Headquartered in Munich, it was established in April 2023 as the first-ever spin-off from the Max Planck Institute for Plasma Physics (IPP). The company?s core objective is to industrialize the "stellarator" concept?a magnetic confinement fusion device?leveraging decades of public research to provide a carbon-free, safe, and limitless source of baseload power.

As of 2026, Proxima Fusion is recognized as Europe?s leading contender in the global fusion race, having secured over ?200 million in private and public funding, including a record-breaking ?130 million Series A round in June 2025.

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