Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers

Source: techcrunch.com · Section: business-tech · Bias: Center · Published: Thu, 10 Sep 2026 18:38:00 GMT

Proxima Fusion said Wednesday it plans to build a €140 million ($162.6 million) factory to produce fusion-grade high-temperature superconducting (HTS) tape, which will provide the startup with key component to its reactor design.

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