Proxima Fusion signs Japanese deals for superconducting tape
Germany's Proxima Fusion signed two memoranda of understanding in Tokyo on 28 Oct, with Fujikura and Kyoto Fusioneering, in the presence of Japanese Prime Minister Sanae Takaichi and German Chancellor Friedrich Merz. The Fujikura agreement covers high-temperature superconducting tape used in magnets that confine plasma. Proxima plans a €140 million production facility in Lower Saxony to make around 5,000 kilometers of tape a year by 2030. The company estimates it needs about 20,000 kilometers of tape for its Alpha demonstrator and another 40,000 kilometers for its planned Stellaris power plant, according to OilPrice.com.
Key facts
- The Lower Saxony production plant is planned at a cost of €140 million.
- Proxima's Alpha fusion demonstrator is estimated to need around 20,000 kilometers of tape.
- The planned Stellaris fusion power plant is estimated to need another 40,000 kilometers of tape.
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Why it matters
The deals address a supply need for superconducting tape that a planned German fusion power plant would require.
What changed
First published from OilPrice.com