May 2, 2024

TechNewsInsight

Technology/Tech News – Get all the latest news on Technology, Gadgets with reviews, prices, features, highlights and specificatio

Proxima raises seven million euros

Proxima raises seven million euros

magnetic fusion

The groundbreaking Wendelstein X7 reactor in Greifswald, Germany, was the basis for the idea of ​​Proxima.

Dusseldorf No other star is as close to the Sun as Proxima Centauri. This is also the motto of the latest nuclear fusion start-up from Germany: “Our goal is to bring fusion, the power of stars, even closer to us, in our power plants,” Francesco Scirtino says with conviction. He is the co-founder and president of Proxima Corporation.

In January, Sciortino and four other nuclear researchers founded the young company in Munich. They come from the Max Planck Institute for Plasma Physics (IPP), the US MIT University or the Google X Research Laboratory.

Like German competitors Marvel Fusion and Focused Energy, Proxima researchers want a breakthrough in nuclear fusion. In 2031, Germany should have its first power plant that “produces more energy than it consumes,” Sciortino explains. The startup raised seven million euros in the first round of financing. Funders include technology investors UVC Partners and High-Tech Gründerfonds.

Read now

Get access to this and all other articles at

web and in our app FREE for 4 weeks.

tracking

Read now

Get access to this and all other articles at

the web and in our app.

tracking

See also  Xpeng brings the third model to Germany