A star on Earth. Interview with Francesco Sciortino of Proxima Fusion, the startup investing in fusion

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Summary

Proxima Fusion is building a European fusion energy company around stellarator technology and has already raised €200 million from major venture capital investors. The interview with co-founder and CEO Francesco Sciortino explains how the team moved from academia to a startup model to accelerate progress. He outlines the company’s roadmap, including a superconducting magnet prototype by 2027, a demonstrator in the early 2030s, and a power plant later in the decade. The piece also stresses the role of talent, industrial partners, and European manufacturing in making the project viable.

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Amount $216.0M Total raised
Date June 26, 2026 Announcement date
Investors CDP Venture Capital SGR, Unternehmertum Venture Capital Partners Lead investors
Company proximafusion.com Funded company

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