Proxima Fusion

Munich/Tokyo – October 29, 2026 -- Proxima Fusion and Japan's Fujikura signed a memorandum of understanding to explore industrial-scale production of high-temperature superconductor (HTS) tape in Germany, anchored by planned demand of 60,000 kilometers from Proxima's own fusion projects. The MoU was signed in Tokyo in the presence of German Chancellor Friedrich Merz and Japanese Prime Minister Sanae Takaichi.

The production site is planned for Lower Saxony. The plant is meant to close a central gap in Europe's fusion supply chain, since HTS tape is currently made mostly outside Europe.

Hannover – September 15, 2026 -- Proxima Fusion and the German state of Lower Saxony have signed a memorandum of understanding to build Europe's first large-scale industrial production site for high-temperature superconductor (HTS) tape used in fusion reactors, with investments of roughly €140 million planned for the first two project phases through the end of 2029.

State and private capital split the €140 million bill

Proxima aims for a 50-50 split between private and public financing. Lower Saxony intends to contribute €21 million, covering nearly 30% of the planned public funding share.