Proxima Fusion to build €140M factory for fusion-grade superconducting tape

German fusion startup Proxima Fusion is investing €140 million in domestic high-temperature superconductor manufacturing to secure a critical supply chain currently dominated by Asian producers.

First covered Sep 10, 2026 · 11:38 AM PT · 1 article · no longer in the live window

Proxima Fusion to build €140M factory for fusion-grade superconducting tape — Image via techcrunch.com

Coverage

16d TechCrunch Climate Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers — Proxima Fusion said Wednesday it plans to build a €140 million ($162.6 million) factory to produce fusion-grade high-temperature superconducting (HTS) tape,…

More coverage from around the web

eu-startups.com German fusion startup Proxima Fusion raises additional €15 million as it accelerates into hardware execution | EU-Startups

eu-startups.com Largest European fusion investment on record sees Proxima Fusion raise €411 million | EU-Startups

proximafusion.com Proxima Fusion Extends Series A to €200M Total Funding As It Accelerates Into Hardware Execution

proximafusion.com Proxima Fusion Raises €411 Million to Build Europe’s Commercial Fusion Champion

prnewswire.com Faraday Factory Japan signed an agreement to deliver superconductor tape for the demo stellarator magnet of Proxima Fusion

Appeared in: 2026-09-10 (#14) · 2026-09-11 (#16)

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