RWE invests 25 million euros in fusion energy start-up Proxima Fusion
Jul 7, 2026 • RWE
Proxima Fusion
Fusion Machine Developer
Founding Year
2023
Location
Munich, Bavaria, Germany
Company Founders
Francesco Sciortino
Jonathan Schilling
Lucio Milanese
Jorrit Lion
Martin Kubie
Leadership
Francesco Sciortino, CEO
Lucio Milanese, COO
Martin Kubie, Head of Engineering
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
Google backs nuclear fusion startup targeting Europe’s first commercial power plant
Jul 7, 2026 • CNBC
German startups compete in global race for nuclear fusion
Jul 1, 2026 • dw.com
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
Health and Safety Lead
Proxima Fusion
Munich, Germany
Safety
Full-time
On-site
Found 11 hours ago
R&D Engineer, Pellet Injectors
Proxima Fusion
Munich, Germany
Mechanical Engineering
Full-time
On-site
Found a month ago
Chief of Staff, Systems Architecture
Proxima Fusion
Munich, Germany
Systems EngineeringProject Management
Full-time
On-site
Found a month ago
Procurement Specialist
Proxima Fusion
Munich, Germany
Supply Chain
Full-time
On-site
Found a month ago
Plasma Material Interaction Engineer
Proxima Fusion
Munich, Germany
PhysicsMaterials
Full-time
On-site
Found 4 months ago
Magnet Prototyping Engineer
Proxima Fusion
Physics
Full-time
On-site
Found 2 months ago
Instrumentation and Test Engineer
Proxima Fusion
Electrical EngineeringQuality & Testing
Full-time
On-site
Found a month ago
Manufacturing Engineer (Temporary ITER Secondment Program)
Proxima Fusion
Munich, Germany
Manufacturing
Full-time
On-site
Found a month ago
Design Physicist
Proxima Fusion
Munich, Germany
Physics
Full-time
On-site
Found 2 months ago
AI Solutions Engineer
Proxima Fusion
Munich, Germany
Software Engineering
Full-time
On-site
Found 9 days ago
Neutronics Engineer
Proxima Fusion
Munich, Germany
Nuclear Engineering
Full-time
On-site
Found 6 months ago
Computational Physicist
Proxima Fusion
Munich, Germany
Physics
Full-time
On-site
Found 4 months ago
German Policy Specialist (Bavaria)
Proxima Fusion
Munich, Germany
Business
Full-time
On-site
Found a month ago
Plasma Edge Transport Physicist
Proxima Fusion
Munich, Germany
Physics
Full-time
On-site
Found 5 months ago
Electrical Technician, Magnet Systems
Proxima Fusion
Technician
Full-time
On-site
Found 18 days ago
Mechanical Design Engineer
Proxima Fusion
Munich, Germany
Mechanical Engineering
Full-time
Hybrid
Found 6 months ago
Lab Technician
Proxima Fusion
Munich, Germany
Technician
Full-time
On-site
Found a month ago
Integration Engineer, Building Services & MEP (Mechanical, Electrical and Plumbing)
Proxima Fusion
Munich, Germany
Electrical EngineeringMechanical EngineeringSystems Engineering
Full-time
On-site
Found 2 months ago
Office Manager/Workplace Experience Assistant
Proxima Fusion
Oxford, United Kingdom
Business
Part-time
Hybrid
Found 4 months ago
Intern Enterprise AI Team
Proxima Fusion
Munich, Germany
Software Engineering
On-site
Found 2 months ago
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