Proxima Fusion, as one of the leaders in the fusion industry in Europe, has focused on the production of superconducting tapes by signing agreements with Japanese industrial partners. These tapes, which are recognized as a key component in fusion power generation, are currently being planned for a €140 million production unit in the state of Lower Saxony, Germany.
Agreements and Production Capacity
The agreement that Proxima has signed with Fujikura includes the production of high-temperature superconducting (HTS) tapes used in plasma confinement magnets. These tapes contribute to the production of HTS magnets, which are essential for creating strong and stable magnetic fields at temperatures exceeding 100 to 150 million degrees Celsius. Proxima estimates that it will need approximately 60,000 kilometers of superconducting tape for its projects.
Read more: Marlin has obtained UR E27 cybersecurity certification for the XChange NextGen platform
Resource Supply and Challenges
Producing superconducting tapes is a complex process and relies on specific mineral resources such as yttrium and gadolinium, which are primarily sourced from China. Given China's export restrictions, securing these materials poses one of the main challenges for the fusion industry. Meanwhile, Proxima Fusion continues to attract significant investments, having raised over €650 million from private and public sources.
Currently, Proxima is striving to support the development of fusion power plants using innovative technologies and international collaborations, aiming to be recognized as a frontrunner in this industry in Europe. The company seeks to become a key player in the global fusion market by establishing new production units and creating a sustainable supply chain.
Read more: Halliburton provides cementing and stimulation services for the EGS project in Nevada · Leading knowledge-based companies in the petrochemical industry with the Petrofan 1405 event
