Proxima Fusion to build €140M factory for critical fusion component
The company announced plans to construct a €140 million ($162.6 million) factory to produce high-temperature superconducting (HTS) tape for its fusion reactor design.
Proxima Fusion announced Wednesday its intention to build a €140 million ($162.6 million) factory for the production of fusion-grade high-temperature superconducting (HTS) tape. This material is a critical component for the startup's reactor design.
The facility will focus on HTS tape specifically for fusion applications. The market for this specialized material is currently dominated by Asian suppliers, and Proxima Fusion's investment aims to secure its supply chain and reduce reliance on external manufacturers.
According to the company, HTS tape is essential for creating the superconducting magnets required to contain and sustain a fusion reaction. The new factory is expected to streamline production and ensure adequate supply for future reactor needs.
This significant investment underscores Proxima Fusion's strategy to advance the commercialization of fusion energy. Specific details regarding the factory's location and construction timeline have not yet been released.