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

From TechCrunch 10 Sep 2026, 18:38 UTC 1 min read

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

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