Proxima Fusion is a fusion startup that is designing fusion power plants based on the stellarator concept that has completed its pre-seed fundraising of €7 million. The funding round was co-led by Plural and UVC Partners and joined by High-Tech Gründerfonds (HTGF) and the Wilbe Group.
Proxima Fusion is known as the first spin-out from the Max Planck Institute for Plasma Physics (IPP). And the startup was founded by former scientists and engineers from the Max Planck IPP, MIT, and Google-X. This group aims to deploy a new high-performance stellarator over the coming years. Its roadmap targets a first-of-a-kind fusion power plant within the 2030s.
Fusion is known as the process that powers the stars. And to make it possible on Earth, one can confine high-energy ionized matter called “plasma” via magnetic fields. And tokamaks and stellarators are two approaches that do so by creating a magnetic “cage” in doughnut-shaped devices.
Stellarators essentially use a complex set of electromagnets outside of the plasma whereas tokamaks combine external electromagnets with a large current within the plasma, which simplifies the overall design but incurs significant control challenges. Modern magnetic confinement devices can already routinely reach plasmas at more than 100 million degrees – 10x the temperature at the center of the Sun. The opportunity to leverage fusion as a safe, clean, and abundant energy source has motivated academic research in this domain for decades.
The Proxima Fusion project essentially stands on the shoulders of IPP’s Wendelstein 7-X (W7-X), which is by far the most advanced stellarator in the world. Even more complex in design than tokamaks, stellarators present compelling features for a fusion power plant: they can operate in a steady state, with smaller operational challenges, and present an attractive solution to manage excessive heat loads on material surfaces. But stellarators have long been affected by major drawbacks: poor plasma confinement at high temperatures, high losses of fusion products, challenging construction tolerances, etc. Many of these challenges have been solved in recent years.
The performance of fusion devices has historically been quantified with the triple product of density, temperature, and confinement time. And since the start of its operations in 2015, W7-X has been rapidly catching up over the most advanced tokamaks, which have collectively received vastly more funding so far. But the triple product says little of the engineering and economic viability of a fusion concept for power plants. W7-X excels in these respects: its February 2023 record of energy turnaround, i.e. the total heating power multiplied by the duration of the experiment, is only the latest demonstration of how stellarators like W7-X are superior in a number of important ways.
(Figure: triple product of ion density, ion temperature and energy confinement time as a function of the time the triple product was sustained)
Based in Munich, Germany, Proxima Fusion has proximity to one of IPP’s research centers and aims to maximize opportunities for collaboration with the Institute.
KEY QUOTES:
“Experimental progress from W7-X and recent advances in stellarator modeling have radically changed the picture. Stellarators can now remedy the key problems of tokamaks and truly scale up, radically improving the stability of the plasma and reaching high performance in steady state.”
— Francesco Sciortino, co-founder and CEO of Proxima Fusion
“We are building on decades of visionary investment by the German government in stellarator technology. It is this investment that created the opportunity for Proxima to be a European champion for fusion. Now, it is up to us to bring fusion energy to the grid.”
— Jorrit Lion, a co-founder and expert in the modeling of stellarator power plants
“Fusion is the challenge of our time. Our task will be to make it a commercial reality. Over the next 12 months, in collaboration with its academic and industry partners, Proxima will focus on completing its initial fusion power plant design.”
— Martin Kubie, joining his co-founders after a decade of work in the McLaren Formula-1 team, Google-X and its spin-off Wing
“Stellarators offer the most robust and clearest path to fusion energy. The Proxima team has the energy and the speed that we need. They are ecosystem players, with a thrilling sense of ambition building on top of the Wendelstein 7-X stellarator – a masterpiece of German leadership. Europe needs the audacity of this team and their willpower to take on the fusion challenge.”
— Ian Hogarth of Plural Platform
“In the coming years, the energy issue will be one of our most existential ones. We already know today that we need a clever mix of different energy sources. Proxima’s efforts for fusion leverage the massive investment made on stellarators in Germany. We are convinced that the team is ready to change the picture – for the world, and particularly for Germany and Europe, which are in urgent need of reliable sources beyond wind and solar.”
— Benjamin Erhart, General Partner at UVC Partners
