Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers
Proxima Fusion is betting on a critical ingredient for its fusion reactors: superconducting tape. Proxima Fusion said Wednesday it plans build a €140 million factory ($162.6M) to produce fusion-grade high-temperature superconducting (HTS) tape, which will provide the startup with key component to its reactor design. The move comes months after Proxima raised €411 million in…
