Velocity
This Week's Stories
Proxima Fusion

Proxima Fusion

Fusion Energy · Clean Energy · Supply Chain

Partnership

Proxima Fusion signs MoU with Kyoto Fusioneering on plasma heating tech

October 28, 2026

The deal signals fusion startups are now racing to lock down supply chains years before any reactor runs.

  • Proxima Fusion and Kyoto Fusioneering signed a Memorandum of Understanding in Tokyo on October 28, 2026, during German Chancellor Friedrich Merz's visit to Japan, to expand cooperation on gyrotrons for plasma heating and fusion fuel-cycle technology.
  • Proxima Fusion, a Munich-based spinout of the Max Planck Institute for Plasma Physics, is building stellarator fusion plants; Kyoto Fusioneering supplies fusion engineering technology including gyrotrons and fuel-cycle systems.
  • The agreement is not a firm order or construction commitment, but it extends existing work between the two companies and will feed into Germany's national Fusion Hubs program, backed by an initial €125 million.
  • The same day, Proxima also signed a separate MoU with Japanese manufacturer Fujikura to study building a high-temperature superconducting tape factory in Lower Saxony, part of a planned €140 million investment by 2029.
  • Proxima expects to need about 20,000 kilometres of superconducting tape for its Alpha demonstrator, planned for the early 2030s, and roughly 40,000 kilometres for each commercial Stellaris plant that follows.
  • Fusion's bottleneck is shifting from physics to manufacturing, so pairing Japan's decades of fusion engineering expertise with Germany's stellarator know-how aims to pre-build an industrial supply chain before any plant is operational.

Get the app

Stay Ahead With Velocity

Deep company profiles, investor context, and every original source behind this story — plus the next one, the moment it breaks.

Download on the App StoreGet it on Google Play

More This Week

View All →