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Proxima Fusion Secures €400 Million for Emission-Free Power Project

4/21/2026

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Summary

Story summary

Proxima Fusion, a Germany-based company, is developing Alpha, a stellarator for emission-free fusion electricity.
The firm secured €400 million from Bavaria.
Proxima seeks over $1 billion from the federal government to fund the project.
Proxima plans to produce 40 additional coils by 2028–2029 as part of its prototype program.
The European fusion industry is gaining momentum.

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Story summary

Proxima Fusion, a Germany-based company, is developing Alpha, a stellarator for emission-free fusion electricity.
The firm secured €400 million from Bavaria.
Proxima seeks over $1 billion from the federal government to fund the project.
Proxima plans to produce 40 additional coils by 2028–2029 as part of its prototype program.
The European fusion industry is gaining momentum.