PROXIMA FUSION BUILDS €140M HTS TAPE FACTORY

Proxima Fusion's investment targets a key material for its reactor design. HTS tape enables the powerful magnets required for next-generation fusion reactors, but production has remained concentrated among Asian manufacturers. The factory will reduce the startup's supply chain dependency while establishing European manufacturing capacity in the sector. Proxima Fusion is developing a stellarator-type fusion reactor and has raised significant funding for commercialization efforts. The move reflects broader industry trends as fusion companies advance toward demonstration reactors. Securing reliable access to critical components like HTS tape is essential for timeline projections. The facility's construction timeline and production capacity details were not disclosed.