Munich \u2014 Proxima Fusion, the first spin-out of the Max Planck Insti\u00adtute for Plasma Physics (IPP), has recei\u00adved seed funding of 20 million euros to acce\u00adle\u00adrate the cons\u00adtruc\u00adtion of the first gene\u00adra\u00adtion of fusion power plants. The Munich-based start-up has set itself the goal of enab\u00adling a new era of scalable, emis\u00adsion-free energy. The tech\u00adno\u00adlogy for this is based on the prin\u00adci\u00adple of opti\u00admi\u00adzed quasi-isody\u00adna\u00admic (QI) stel\u00adla\u00adra\u00adtors and high-tempe\u00adra\u00adture superconductors.<\/p>\n
Redal\u00adpine<\/strong> leads the seed finan\u00adcing round \u2014 with invest\u00adments from Bayern Kapi\u00adtal<\/strong>, the DeepT\u00adech & Climate Fund<\/strong> and the Max Planck Foun\u00adda\u00adtion<\/strong>. As an exis\u00adting inves\u00adtor, UVC Part\u00adners<\/strong> doubles the pre-seed invest\u00adment along\u00adside Plural, High-Tech Gr\u00fcn\u00adder\u00adfonds, Wilbe<\/strong> and Visio\u00adna\u00adries Club<\/strong>.<\/p>\n Inno\u00adva\u00adtive tech\u00adno\u00adlogy in the field of compu\u00adter-based simulations<\/strong><\/p>\n QI stel\u00adla\u00adra\u00adtors are one of the most promi\u00adsing tech\u00adno\u00adlo\u00adgies when it comes to tapping CO2-free, safe and almost unli\u00admi\u00adted energy. The funda\u00admen\u00adtal scien\u00adti\u00adfic ques\u00adti\u00adons in magne\u00adtic fusion have been inten\u00adsi\u00advely rese\u00adar\u00adched for more than six deca\u00addes. Howe\u00adver, the gene\u00adra\u00adtion of sustainable and econo\u00admic\u00adally viable fusion energy remained a chall\u00adenge. Proxima Fusion builds on the results of the Wendel\u00adstein 7\u2011X (W7\u2011X) expe\u00adri\u00adment, the worl\u00add\u2019s largest stel\u00adla\u00adra\u00adtor at the Max Planck Insti\u00adtute for Plasma Physics.<\/p>\n Dr. Fran\u00adcesco Sciort\u00adino, co-foun\u00adder and CEO of Proxima Fusion<\/strong>\u201cIn April 2023, we star\u00adted with the tech\u00adni\u00adcal opti\u00admiza\u00adtion and deve\u00adlo\u00adp\u00adment of magnets made of high-tempe\u00adra\u00adture super\u00adcon\u00adduc\u00adtors. We are now making tremen\u00addous progress in inte\u00adgra\u00adted design with our Star\u00adFin\u00adder auto\u00adma\u00adtion system. The support of high-profile inves\u00adtors confirms the high quality of the team and its pionee\u00adring impact.\u201d In addi\u00adtion to acce\u00adle\u00adra\u00adting deve\u00adlo\u00adp\u00adment in the areas of hard\u00adware and soft\u00adware, Proxima Fusion will use the seed funding in parti\u00adcu\u00adlar to expand the team.<\/p>\n Benja\u00admin Erhart, Gene\u00adral Part\u00adner at UVC Part\u00adners: \u201cProxima Fusi\u00adon\u2019s strengths in auto\u00adma\u00adted design, AI-assis\u00adted engi\u00adnee\u00adring, high-tempe\u00adra\u00adture super\u00adcon\u00adduc\u00adtor magnet tech\u00adno\u00adlogy and the team\u2019s rapid growth and capa\u00adbi\u00adli\u00adties give us confi\u00addence in making fusion energy a reality in power plant operations.\u201d<\/p>\n About Proxima Fusion About UVC Partners Munich \u2014 Proxima Fusion, the first spin-out of the Max Planck Insti\u00adtute for Plasma Physics (IPP), has recei\u00adved seed funding of 20 million euros to acce\u00adle\u00adrate the cons\u00adtruc\u00adtion of the first gene\u00adra\u00adtion of fusion power plants. The Munich-based start-up has set itself the goal of enab\u00adling a new era of scalable, emis\u00ad\u00adsion-free energy. The technology [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":51232,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1369,1373],"tags":[],"class_list":["post-51234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors","category-venture-capital-en"],"yoast_head":"\n
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\nAs the first spin-out of the Max Planck Insti\u00adtute for Plasma Physics, Proxima Fusion is acce\u00adle\u00adra\u00adting a para\u00addigm shift in the energy sector. The Munich-based start-up is buil\u00adding on the pionee\u00adring W7\u2011X expe\u00adri\u00adment in Germany and is deve\u00adlo\u00adping the worl\u00add\u2019s first<\/em> QI stel\u00adla\u00adra\u00adtor power plant<\/em> using high-tempe\u00adra\u00adture super\u00adcon\u00adduc\u00adtors. The declared aim is to tap into the univer\u00adse\u2019s ulti\u00admate energy source in order to gene\u00adrate conti\u00adnuous and relia\u00adble emis\u00adsion-free energy. In 2023, engi\u00adneers and scien\u00adtists from orga\u00adniza\u00adti\u00adons such as the Max Planck Society, MIT and Google foun\u00added Proxima Fusion and the company is alre\u00adady leading Europe into a new era of clean energy. www.proximafusion.com<\/p>\n
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\nUVC Part\u00adners is a Munich and Berlin-based early stage venture capi\u00adtal firm that invests in Euro\u00adpean B2B start-ups in the fields of enter\u00adprise soft\u00adware, indus\u00adtrial tech\u00adno\u00adlo\u00adgies and mobi\u00adlity. The fund gene\u00adrally invests between \u20ac0.5 and \u20ac10 million at the outset and up to \u20ac30 million in total per company. The port\u00adfo\u00adlio compa\u00adnies bene\u00adfit from the exten\u00adsive invest\u00adment and exit expe\u00adri\u00adence of the manage\u00adment team as well as from the close coope\u00adra\u00adtion with Unter\u00adneh\u00admer\u00adTUM, Euro\u00adpe\u2019s leading inno\u00adva\u00adtion and start-up center. With over 400 employees and more than 100 indus\u00adtry part\u00adners, Unter\u00adneh\u00admer\u00adTUM can draw on many years of expe\u00adri\u00adence in buil\u00adding young compa\u00adnies. This colla\u00adbo\u00adra\u00adtion gives UVC Part\u00adners the oppor\u00adtu\u00adnity to provide start\u00adups with unique access to talent, indus\u00adtry clients and other finan\u00adcial part\u00adners. www.uvcpartners.com<\/p>\n","protected":false},"excerpt":{"rendered":"