Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers
Sep 10, 2026 • TechCrunch
Proxima Fusion
Last updated
Fusion Machine Developer
Founding Year
2023
Location
Munich, Bavaria, Germany
Company Founders
Francesco Sciortino
Jonathan Schilling
Jorrit Lion
Lucio Milanese
Martin Kubie
Leadership
Francesco Sciortino, CEO
Lucio Milanese, COO
Martin Kubie, Head of Engineering
Website
Proxima Fusion is a Munich-based fusion energy company founded in 2023 as a spin-out from the Max Planck Institute for Plasma Physics to commercialize stellarator-based fusion power. The company is developing quasi-isodynamic stellarator technology with high-temperature superconducting magnets and advanced computational design, targeting an “Alpha” demonstration machine by 2031 and commercial deployment in the late 2030s. Proxima Fusion has offices in Switzerland and the UK and raised over €200 million in Series A funding by 2025.
News
Proxima Fusion signs MOU with Bavaria, RWE, and Max Planck IPP to build German stellarator power plant
Aug 14, 2026 • American Nuclear Society -- ANS
RWE invests 25 million euros in fusion energy start-up Proxima Fusion
Jul 7, 2026 • RWE
Publications
PQLS: A Quasilinear Gyrokinetic Transport Solver with a Bayesian Saturation-Rule Closure
Sep 24, 2026 • arXiv (physics.plasm-ph)
Symplectic methods for optimization of wall heat loads by fusion alpha particles in stellarator reactors
Aug 1, 2026 • Nuclear Materials and Energy
SPECTRE: A robust solver for 3D equilibria with arbitrary topology
Jul 29, 2026 • arXiv (physics.plasm-ph)
Articles
September 2025 Fusion Equity Investment Update
September 01, 2025 Investment
July 2025 Fusion Equity Investment Update
July 14, 2025 Investment
Projects
Stellaris
Funding Received (Investment)
July 7, 2026
round
$468,000,000
September 9, 2025
roundSeries A Extension
$17,602,500
June 11, 2025
roundSeries A
$150,000,000
July 15, 2024
roundEIC Accelerator
$16,344,000
FundersEuropean Innovation Council
April 10, 2024
roundSeed
$21,490,330
May 30, 2023
roundSeed
$7,500,000
Funding Received (Nondilutive)
December 10, 2024
programAI for Fusion Engineering
$6,780,800
July 15, 2024
programEIC Accelerator
$2,724,000
FundersEuropean Innovation Council
Jobs
Workplace Manager
Proxima Fusion
Munich, Germany
Business
Full-time
On-site
Found 21 hours ago
Test Technician
Proxima Fusion
Munich, Germany
TechnicianQuality & Testing
Full-time
On-site
Found a day ago
Engineering Technician
Proxima Fusion
Munich, Germany
Technician
Full-time
On-site
Found 5 days ago
Head of Monitoring and Control
Proxima Fusion
Munich, Germany
Electrical Engineering
Full-time
On-site
Found 5 days ago
Maintenance Technician
Proxima Fusion
Munich, Germany
Technician
Full-time
On-site
Found 5 days ago
Manufacturing Technician
Proxima Fusion
Munich, Germany
ManufacturingTechnician
Full-time
On-site
Found 5 days ago
Production Technician
Proxima Fusion
Munich, Germany
TechnicianManufacturing
Full-time
On-site
Found 5 days ago
Procurement Manager, Advanced Manufacturing
Proxima Fusion
Munich, Germany
Supply Chain
Full-time
On-site
Found 6 days ago
Senior Integration Engineer
Proxima Fusion
Munich, Germany
Systems Engineering
Full-time
On-site
Found 8 days ago
Mechanical Design Engineer
Proxima Fusion
Munich, Germany
Mechanical Engineering
Full-time
On-site
Found 13 days ago
Electrical Technician, Magnet Systems
Proxima Fusion
Zürich, Switzerland
TechnicianElectrical EngineeringPhysics
Full-time
On-site
Found 14 days ago
Senior Simulation Engineer, Computational Physics
Proxima Fusion
Munich, Germany
PhysicsSoftware Engineering
Full-time
On-site
Found 18 days ago
Software Engineer - Simulation Platform
Proxima Fusion
Munich, Germany
Software Engineering
Full-time
On-site
Found 18 days ago
People Operations Manager
Proxima Fusion
Munich, Germany
People & HR
Full-time
On-site
Found 22 days ago
Microwave Design Engineer
Proxima Fusion
Munich, Germany
Electrical Engineering
Full-time
On-site
Found a month ago
Automation Engineer – Magnet Industrialisation
Proxima Fusion
Zürich, Switzerland
ManufacturingElectrical Engineering
Full-time
On-site
Found a month ago
Manufacturing Engineer – Magnet Industrialisation
Proxima Fusion
Zürich, Switzerland
ManufacturingPhysics
Full-time
On-site
Found a month ago
Plasma Microwave Modelling Physicist (ECRH, Gyrotrons)
Proxima Fusion
Munich, Germany
Physics
Full-time
On-site
Found a month ago
Procurement Manager, Construction and Infrastructure (EPC/EPCM)
Proxima Fusion
Munich, Germany
Supply Chain
Full-time
On-site
Found a month ago
Industrial Controls Engineer
Proxima Fusion
Munich, Germany
Electrical Engineering
Full-time
On-site
Found a month ago
Get Fusion Job AlertsNew fusion energy jobs delivered to your inbox.
