Proxima Fusion has announced plans to build a superconducting tape plant for fusion reactors in northwestern Germany, with total investment of approximately €140 million. Funding support has also been approved by the state government.
Proxima Fusion has unveiled plans to invest €140 million in a plant manufacturing the high-temperature superconducting tape essential for fusion reactors. The new plant will be built in Lower Saxony, northwestern Germany, with the aim of strengthening supplies of components for the company's energy technology and reducing dependence on Asia.
The company plans to use German government and private-sector funding, and the Lower Saxony state government has already approved €21 million in funding. The decision to build the plant came several months after the company raised €411 million.
High-temperature superconducting tape is essential for generating the magnetic fields that confine fusion plasma, and production is currently concentrated mainly in China and Japan. In-house production in Germany aims to stabilize the supply chain and lay the groundwork for mass production.