{"id":116983,"date":"2026-02-16T16:22:00","date_gmt":"2026-02-16T15:22:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=116983"},"modified":"2026-02-24T16:17:15","modified_gmt":"2026-02-24T15:17:15","slug":"at-the-limit-of-what-is-feasible-proxima-fusion-vision","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/116983\/at-the-limit-of-what-is-feasible-proxima-fusion-vision\/","title":{"rendered":"At the limit of what is possible \u2013 Proxima Fusion&#039;s vision at the Munich Security Conference"},"content":{"rendered":"<div class=\"entry-content\">\n<p><strong>Francesco Sciortino<\/strong>The CEO of Proxima Fusion worked in the field of tokamaks until 2022. This is currently the most widespread design for fusion reactors. Put simply, a tokamak is a ring-shaped magnetic field system that confines extremely hot plasma, i.e., an ionized gas, allowing atomic nuclei to fuse together.<\/p>\n\n\n\n<p>But 2022 brought a turning point for Sciortino. New research showed that a different concept, the so-called stellarator, was suddenly much more predictable and optimizable than previously thought. Sciortino explains this in a conversation with Munich Startup at the Munich Security Conference in the MSC Startup Hub:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn 2022, we realized that tokamaks could not be scaled up to power plants. At the same time, it became clear that stellarators could be optimized numerically \u2013 further than I had ever thought possible.\u201d<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">What is a stellarator?<\/h2>\n\n\n\n<p>A stellarator is also a fusion reactor that confines plasma with magnetic fields. The difference: While tokamaks rely on relatively symmetrical ring structures, stellarators have extremely complex shapes, with their magnetic coils winding around each other in three dimensions. For a long time, this was considered too complicated.<\/p>\n\n\n\n<p>However, new simulation methods make it possible to numerically optimize these geometries so that there are no longer any obvious technical showstoppers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">From simulation to industrial reality<\/h2>\n\n\n\n<p>Sciortino emphasizes in the interview: Mere feasibility is not enough.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;Feasibility is a prerequisite, but not sufficient. We actually need to build things so that we can iterate and turn that into an industrialization of fusion components.&quot;<\/p>\n<\/blockquote>\n\n\n\n<p>This is exactly where it starts <a href=\"https:\/\/www.proximafusion.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Proxima Fusion<\/a> The company is not only developing the reactor design, but also intends to industrialize the key components itself. These include, in particular, highly complex magnetic structures. A dedicated magnet factory is planned.<\/p>\n\n\n\n<p>The dynamics are further accelerated by advances in high-temperature superconductors. These materials enable stronger magnetic fields, a key factor for stable fusion processes. The long-term goal is to create a net-energy stellarator. Proxima is aiming for its first power plant by the mid-2030s.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">100 billion valuation<\/h2>\n\n\n\n<p>But how do you convince investors of an idea that seems to be pushing the boundaries of what&#039;s possible? Sciortino explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;As long as the valuation continues to grow strongly and there&#039;s a multiple in front of us, it&#039;s financially viable. A VC&#039;s fear only arises when there&#039;s no further increase in value. But with this merger, we&#039;re only at the beginning.&quot; <\/p>\n<\/blockquote>\n\n\n\n<p>He goes even further: Before humanity can benefit from clean energy, an economic ecosystem will first have to emerge. In the 2030s, companies that build the first fusion power plants could... <a href=\"\/en\/110271\/proxima-fusion-series-a\/\">Valuations approaching one hundred billion<\/a>And even that is not the end point; the energy markets are significantly larger. Yet Sciortino cannot promise an abundance of cheap energy in five or ten years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Startup culture instead of bureaucratic logic<\/h2>\n\n\n\n<p>Fusion has long been the playing field for state megaprojects. But Proxima is deliberately focusing on a startup culture.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&quot;We are not a physics company, we are an engineering company.&quot;<\/p>\n<\/blockquote>\n\n\n\n<p>On board are experts from aerospace, automotive, and software. The excellence of akademi is being complemented, not copied. But Europe has a problem: the so-called scale-up gap. Large financing rounds in the billions are more difficult here than in the USA. That&#039;s why Proxima is engaging with investors globally and bringing international capital to Germany.<\/p>\n\n\n            <div class=\"two-column-layout\" style=\"background-color: #d4dbe9;\">\n                <span class=\"infobox-badge\">Infobox<\/span>\n                <div class=\"two-column-inner\">\n                    <div class=\"column column-image\">\n                                                    <div class=\"image-wrapper\">\n                                <img decoding=\"async\" src=\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2026\/02\/IMG_7278-1.jpg\" alt=\"\" \/>\n                            <\/div>\n                                                                        <\/div>\n                    <div class=\"column column-content\" style=\"color: #474647;\">\n                        \n\n<p>Proxima Fusion is a deep-tech startup founded in Munich in 2022 with the goal of making fusion energy commercially viable. The company focuses on the stellarator concept \u2013 a particularly complex, magnet-based design of fusion reactors \u2013 and develops the necessary high-performance magnets and simulation software. A spin-off from the Max Planck Society, Proxima Fusion combines scientific excellence with industrial engineering and aims to realize the first net-energy fusion power plant in the 2030s.<br><br>Photo: Munich Startup editor Kyrill Ring and Proxima Fusion CEO Francesco Sciortino at the MSC Startup Hub<\/p>\n\n                    <\/div>\n                <\/div>\n            <\/div>\n            \n\n\n<h2 class=\"wp-block-heading\">Why all of this was discussed at the MSC Startup Hub<\/h2>\n\n\n\n<p>The MSC Startup Hub brings together founders, investors, industry representatives, and policymakers in conjunction with the Munich Security Conference. Its goal is to showcase security-relevant innovations \u2013 from dual-use technologies to strategic energy infrastructure. Because energy means security.<\/p>\n\n\n\n<p>A stable, clean, and geopolitically independent energy supply is one of the central security policy issues of our time. Whoever controls tomorrow&#039;s energy will reshape geopolitical power dynamics. Fusion is therefore not just a climate issue, but a strategic one.<\/p>\n\n\n\n<p>The MSC Startup Hub provides precisely this platform: It connects capital, technology, and political decision-makers on the international stage. Startups like Proxima Fusion exemplify a new generation of European deep-tech champions that could transform not only markets but also geopolitical dynamics. <\/p>\n\n\n\n<p><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Fusion \u2013 that sounds like huge research facilities, decades of development time, and billion-dollar government projects. Francesco Sciortino wants to change that. With Proxima Fusion, he&#039;s building a startup in Munich that aims to bring nuclear fusion from basic research into industry \u2013 with the goal of realizing the first domestically produced fusion power plant in the 2030s.<\/p>\n<p>As part of the MSC Startup Hub, we spoke with the CEO about a technological turning point, billion-dollar investments, and why Fusion is suddenly becoming startup-friendly.<\/p>","protected":false},"author":50,"featured_media":117010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5634,5638,4074,1083],"tags":[3013,4883],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Am Limit des Machbaren - Proxima Fusions Vision auf der M\u00fcnchner Sicherheitskonferenz - Munich Startup<\/title>\n<meta name=\"description\" content=\"Proxima Fusion will in M\u00fcnchen das erste Fusionskraftwerk bauen. 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