The Fusion Report

Things You Gotta Know Proxima Fusion Raises 411 Million Euros ($468 Million) at a 2.4 Billion Euro Valuation to Build Europe’s Commercial Fusion Champion Proxima Fusion announced that it has raised 411 million euros ($468 million) in a financing round led by XTX Ventures and East X Ventures, with Google and German utility RWE joining as strategic investors, valuing the Munich stellarator developer at 2.4 billion euros and making it the best funded fusion company in Europe.

Fusion systems always need sophisticated control systems, even if they don’t always know that they need them Commercial fusion energy deployments will rely on strong and capable control systems. As The Fusion Report documents this evolution, we will report on more of the supply chain for fusion energy, of which control systems are an important part.

Company signs MoU with leading Japan general contractor to provide construction expertise to commercial fusion project As progress on multiple first-of-a-kind (FOAK) commercial fusion power plants continue to advance, The Fusion Report has covered several announcements by various fusion companies. The most recent of these comes from Helical Fusion, the Japanese fusion startup that is developing one of the several stellarator-based approaches to achieve commercial fusion energy.

Things You Gotta Know Fusion Supply Chain Spending Rose 24% in 2025 as the FIA Hosts the Industry’s First Supply Chain Trade Show The Fusion Industry Association published its fourth annual supply chain report on June 23, finding that fusion supply chain spending rose 24 percent in 2025 to $538 million, with the roughly half of the world’s private fusion companies that shared data projecting a further 27 percent jump to $681 million in 2026.

The partnership is the first international example under the UKAEA’s flagship LIBRTI program As The Fusion Report covers the maturing of the commercial fusion industry, the growth in the number of cooperative ventures, especially international ones, in the development of fusion systems is very encouraging. An example of this is the United Kingdom Atomic Energy Authority (UKAEA) Lithium Breeding Tritium Innovation (LIBRTI) Program.

The Demonstration Harnessed the Kinetic Energy in Fusion Plasma to Increase the Electrical Output By A Fusion Machine Earlier this month, The Fusion Report covered a release from Realta Fusion on their recent publication of the plans for their Hammir-DT fusion plant design. One of the key details of that plan was to utilize an approach known as direct energy conversion to convert the energy of charged particles produced by a fusion reaction into electricity.

According to a recent study, the costs of electricity and water are not the only things that AI data centers are negatively impacting Earlier this month, The Fusion Report covered the concept of building artificial intelligence (AI) data centers in space, with the driving force being the abundance of free solar energy.

For fusion and aerospace applications, capacitors have more challenges to success than you might think As fusion energy comes closer to approaching real commercial deployments, The Fusion Report is increasing its focus on the fusion supply chain: critical technologies that are required to make fusion not only real, but scalable and economical.

Things You Gotta Know Helion Secures the Regulatory Licenses Needed to Operate a Fusion Power Plant Helion Energy announced on June 16 that it has secured the regulatory licenses required to operate a fusion power plant, receiving a Radioactive Materials License and a Radioactive Air Emissions License from the Washington State Department of Health.

The Hefei tokamak, which has set numerous records, is now scheduled to achieve one only previously set by NIF The Fusion Report that’s covered a lot of breakthroughs with the performance of fusion machines. Higher temperatures, higher pressures, density ceilings and time of plasma or just a few of the ones that we’ve covered.