German startup wins initial funding for revolutionary fusion energy machine

ft.com

5 pointsmoh_maya2 comments

'Proxima Fusion, incorporated in January, aims to build a complex device known as a stellarator and is the latest company to join the emerging fusion industry’s effort to generate electricity by fusing atoms.

Although the amount of funding is small at only €7mn, it is significant as Proxima is the first fusion company to spin out of Germany’s revered Max Planck Institute for Plasma Physics.' [0]

Joins a few other stellerator-based fusion startups.. what an exciting time..

[0] https://www.ft.com/content/c777f0db-1a4b-4ced-b02a-c27178032... (same link as the title I submitted)

And this is the reason why Europe can't compete with the US. The Max Planck Institute has a stellar reputation, and this funding amounts to not much more than the signing bonus for a Google Principal Software Engineer.

VC's in the US will not pick up the phone on you, unless you are asking for at least 100 million ( I am serious...)

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