German firm accelerates race for world’s first nuclear fusion plant with funding boost
SMRTR summary
Proxima Fusion, a Munich-based startup, has secured €130 million in Series A funding to build a commercial fusion power plant using a stellarator design. The company aims to complete its Stellarator Model Coil by 2027 and start operations of its "Alpha" demonstration facility by 2031, targeting net energy gain. Proxima Fusion's "Stellaris" concept integrates physics, engineering, and maintenance considerations, utilizing high-temperature superconducting technology to create smaller, more efficient stellarators for potential commercial fusion energy production.
SMRTR provides this summary for quick context. The original article belongs to Interesting Engineering.
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