Proxima Fusion plans €140M factory for critical fusion reactor components
Summary
Proxima Fusion announced plans to build a €140 million plant to manufacture high-temperature superconducting tape for its fusion reactors.
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Fusion startup Proxima Fusion has unveiled plans to construct a €140 million ($162.6 million) factory dedicated to producing fusion-grade high-temperature superconducting (HTS) tape.
The specialized tape is a crucial component for the startup's proprietary reactor design. At present, the global market for this critical fusion material is predominantly controlled by suppliers in Asia.
The investment in domestic manufacturing will help Proxima Fusion secure its internal supply chain and ensure reliable access to core components required for its fusion energy technology.
Source: TechCrunch
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