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▶ 14:09 · $RWE.DE · RWE partners with Proxima Fusion on ex-nuclear site for first fusion power plant
episode briefing
Scaling Europe

Building the critical power infrastructure for clean energy: Francesco Sciortino, Proxima Fusion

2026-07-16 · 3 company · 6 thematic
sentiment
3 bull0 bear0 neu
speakers
francesco sciortino

Former tokamak researcher at MIT and Max Planck Institute; pivoted to stellarator approach in 2022 after W7-X validation; raised €411M Series B at €2.4B valuation to build commercial fusion power plants.

quote
“We signed on the 26th of February, and the day after we started fundraising. ... the story here has a lot to do with RWE and the site, the ex-fission power plant site in Gundremmingen that we're working with RWE to reuse.”
—francesco sciortino
now playing · $RWE.DE
$PROXIMA-FUSIONbullish· high· posfrancesco sciortino
Proxima Fusion raises €411M at €2.4B valuation to build stellarator fusion power plants
Stellarator approach validated by W7-X success enables steady-state, intrinsically stable fusion; key hardware milestone (SMC full-scale HTS magnet) in manufacturing for end-2027…
$RWE.DE···bullish· medium· posfrancesco sciortino
RWE partners with Proxima Fusion on ex-nuclear site for first fusion power plant
RWE invested in Proxima's €411M round and provides the Gundremmingen ex-fission site for the first-of-a-kind fusion power plant, de-risking deployment through existing grid infras…
$GOOGL···bullish· medium· posfrancesco sciortino
Google joins Proxima Fusion €411M round as strategic investor
Google participated as a strategic partner in Proxima's Series B, signaling big tech demand for firm clean power to support AI data center loads.