Munich stellarator developer Proxima Fusion detailed a €140 million (about USD 160 million) high-temperature superconducting-tape plant planned for Lower Saxony, Germany, targeting roughly 5,000 kilometres of tape a year by 2030 and financed partly by its July funding round of $468 million at a $2.7 billion valuation, with Google among its backers. The plan sits inside memoranda of understanding signed in Tokyo on October 28 with Fujikura (industrial-scale tape manufacturing in Germany) and Kyoto Fusioneering (expanded gyrotron work), with Japanese Prime Minister Sanae Takaichi and German Chancellor Friedrich Merz present. Proxima expects to need about 20,000 kilometres of tape for its Alpha demonstrator and another 40,000 kilometres for the planned Stellaris power plant, and is aiming for net energy gain in the early 2030s (
CNBC). Watch: the plant's financing and site decision, the memoranda converting into supply orders, and Alpha demonstrator progress.
