Fusion is the dream of almost-unlimited clean energy — but let's be honest up front: nowhere in the world is there a fusion plant actually selling electricity yet. The first ones are expected in the early 2030s at the earliest, which makes this a "pre-commercial," high-risk trend. This lesson is the map that strings the 5 categories of the fusion ecosystem together — so you can see that the smart way to look isn't guessing "which company wins," but finding the "people selling picks and shovels" who get paid no matter who wins (each category has its own deep-dive chapter).
Fusion funding and supply chains scale up as Big Oil and utilities buy in
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Big Oil and record private capital pour into fusion Private fusion investment hit a record $4.48 billion in 2025, up 69%, with Eni, Equinor, Chevron, Shell and Cenovus backing developers. Eni signed a $1 billion power purchase deal with Commonwealth Fusion Systems and is forming a UK tritium fuel joint venture. This is the clearest sign yet that deep-pocketed energy majors treat fusion as a real future business, funding developers through the long build-out.
Record investment and oil-major commitments are the core force lifting the whole theme.
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Utilities start signing up as fusion customers Madison Gas and Electric invested directly in Realta Fusion and will help develop a 200-MW plant in Wisconsin, providing siting, permitting and financing support. A regulated utility putting money and staff behind fusion is a new kind of validation: it signals future buyers, not just investors, are preparing for fusion power on their grids.
A utility equity investment and plant partnership is a fresh demand-side signal for developers.
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Superconductor supply chain races to keep up Commonwealth Fusion Systems placed the largest-ever HTS tape order, over 10,000 km from Fujikura, which is expanding capacity to fill it. Bruker's BEST unit also teamed with Luvata to scale RRP superconductor output. These deals show fusion developers are locking in scarce magnet materials years ahead, easing a key bottleneck but concentrating supply in few hands.
Two supply deals show the magnet supply chain is being built out to match fusion demand.
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AI emerges as a tool for fusion research UBS flagged AI-driven science as an investment theme, citing reinforcement-learning systems that predict plasma disruptions about 200 milliseconds ahead and AI materials searches for room-temperature superconductors. If AI speeds up plasma control and magnet materials, it shortens fusion's timeline and pulls utilities and component makers into the opportunity.
AI as a research accelerator is a new technology force that could speed fusion progress.
Q3 2026
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Fusion funding surges on AI power demand and Big Oil bets
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Record private investment and Europe's largest round Proxima raised €411M, Europe's biggest fusion round, with Google and RWE backing it. Private investment hit a record $4.48B in 2025, up 69%, driven by AI data-center demand.
Shows the scale of new capital flowing into fusion and the AI demand catalyst.
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First publicly listed fusion company and Big Oil deals General Fusion became the first publicly listed fusion company via SPAC. Big Oil—Eni, Equinor, Chevron, Shell—poured in capital, and Eni signed a $1B power deal with Commonwealth Fusion.
Highlights new public-market access and major corporate partnerships that validate the sector.
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Utilities invest directly and supply chains scale Utilities like Madison Gas and Electric began investing directly. Superconductor supply chains scaled, though supply is concentrating in few hands. AI tools for plasma control and materials research emerged.
Shows broadening investor base and technological progress, while noting supply concentration risk.
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Long timelines and scarce materials remain risks Risks remain: long build-out timelines, unproven commercial viability, and dependence on scarce HTS magnet materials. These could delay or derail projects despite strong funding.
Provides the necessary counterweight to the positive developments.
News & notes movingFusion Energy
United StatesJapan
Magnets & HTS Superconductors▲impact 4
Commonwealth Fusion Systems Places Largest-Ever HTS Tape Order With Fujikura
Commonwealth Fusion Systems has signed a landmark long-term supply agreement with Fujikura Ltd. to purchase more than 10,000 km (3 GA-m) of high-temperature superconducting tape, the largest single order of its kind for HTS tape. The tape will be used in the development of CFS' ARC power plants, starting with the first grid-scale plant at the Fall Line Fusion Power Station in Chesterfield County, Virginia. As part of the agreement, Fujikura is investing in expanding its manufacturing capacity to deliver the tape at scale. CFS CEO and co-founder Bob Mumgaard said the partnership shows the company is actively placing orders and preparing to execute its ARC power plant once its SPARC fusion machine achieves Q>1. Fujikura President and CEO Naoki Okada said the deal strengthens Fujikura's position as a key HTS tape supplier for ARC power plants while building a long-term business platform for the 2030s and beyond.
Fusion Energy › Magnets & HTS Superconductors ▲Supply
Fusion Energy › Fusion Pure-plays (Developers) ▲Supply
5803.JP · Demand · Positive Fujikura signed a landmark long-term supply agreement to deliver over 10,000 km of HTS tape to CFS, the largest single order of its kind.
Commonwealth Fusion Systems · Supply · Positive CFS secured a large-scale HTS tape supply deal with Fujikura to build its ARC power plants, with Fujikura expanding capacity to deliver at scale.
Sidike plans 1.652 billion yuan investment in high-end BOPET base film expansion; Xingyun Technology subsidiary signs 872 million yuan intelligent computing lease contract
Sidike announced that it plans to have its wholly owned subsidiary Jiangsu Xingyuantai New Material Technology implement an expansion project with annual output of 103,000 tonnes of high-end functional BOPET base film, with total estimated investment of 1.652 billion yuan, funded by self-owned and self-raised capital, located in Sihong, Jiangsu, for large-scale production of MLCC release film base film, polarizer release and protective film base film, and other high-end functional BOPET substrate products. Xingyun Technology's wholly owned subsidiary Changsha Xiangshuyun Technology signed an intelligent computing resource leasing service contract with a VE customer for a service term of five years, with a tax-inclusive total amount of 872 million yuan; revenue will be recognised in stages, and delivery is expected to be completed before 30 September 2026. Hangyang Co plans to invest 50 million yuan in Shanghai Xinghuan Jueneng Technology, obtaining a 0.66% equity stake, thereby substantively participating in the controllable nuclear fusion field. Yibo Technology's wholly owned subsidiary Zhuhai Yibo Electronics plans to add investment in the second-phase PCB factory construction project, with total new investment not exceeding 800 million yuan, focusing on medium-to-large-volume production of mid-to-high-end PCB products. In addition, Jianghe Group's wholly owned subsidiary won the bid for a 318 million yuan high-end apartment curtain wall project, and Huanlejia preliminarily set the inquiry transfer price at 13.30 yuan per share.
Artificial Intelligence › AI Compute Cloud & Neoclouds ▲Demand
Fusion Energy › Fusion Pure-plays (Developers) Capital
300806.CS · Capital · Positive Sidike plans a 1.652 billion yuan expansion of high-end functional BOPET base film capacity via its subsidiary.
Changsha Xiangshuyun Technology Co., Ltd. · Demand · Positive Xingyun Technology's subsidiary signed an 872 million yuan five-year intelligent computing resource leasing contract with a VE customer.
Jiangsu Xingyuantai New Materials Technology Co., Ltd. · Capital · Positive Sidike's wholly owned subsidiary Jiangsu Xingyuantai New Material will implement a 1.652 billion yuan expansion of high-end BOPET base film capacity.
002430.CS · Capital · Positive Hangyang plans to invest 50 million yuan for a 0.66% stake in Shanghai Xinghuan Jueneng, entering the controllable nuclear fusion field.
301366.CS · Capital · Positive Yibo Technology's subsidiary plans up to 800 million yuan additional investment in its second-phase PCB factory.
300997.CS · Capital · Neutral Huanlejia preliminarily set its inquiry transfer price at 13.30 yuan per share, a valuation/share-transfer event.
UBS Flags AI Science Shift as Investment Theme After OpenAI Proof
UBS Wealth Management says artificial intelligence is moving beyond text generation into scientific research, opening investment opportunities across AI infrastructure, pharmaceuticals, nuclear fusion, industrial materials and utilities. The shift was highlighted by OpenAI's recent mathematical proof related to the Navier-Stokes equations, a centuries-old fluid dynamics problem and one of seven Millennium Prize Problems, which OpenAI tackled using 10,000 autonomous AI agents working in parallel for 88 hours before formalizing the proof with Lean, a system for machine-checked mathematical validation. In pharmaceuticals, multi-agent AI systems can simulate millions of protein variations in the cloud, and more than 170 AI-designed programs are already in development or clinical evaluation, including Phase III trials. In nuclear fusion, reinforcement-learning systems can predict plasma disruptions around 200 milliseconds before they occur and adjust magnetic coils thousands of times per second, while AI models in materials science can test millions of elemental combinations daily in search of properties for lighter, higher-density batteries, lower-heat computing hardware and potential room-temperature superconductors. The broader investment case centers on AI becoming a tool for automating scientific research rather than simply generating content, with companies exposed to AI infrastructure, pharmaceuticals, industrial materials and utilities positioned to benefit as these technologies move toward commercial applications.
Bruker Bets on Fusion Energy with Luvata Supply Deal
Bruker announced on September 4 that its energy and supercon technologies unit, Bruker Energy & Supercon Technologies (BEST), has entered a supply collaboration with Luvata Materials & Solutions to scale up production of RRP superconductors for magnetic confinement fusion. The deal comes as fusion projects ramp up globally and follows a month after Bruker's core instruments business showed signs of stabilizing. BEST revenue rose 11.9% year over year to $74.2 million in the second quarter, with organic growth of 8.9%, while first-half revenue climbed 12.3% to $141 million, helping expand non-GAAP operating margin to 14.1% from 9% and lifting non-GAAP diluted EPS to $0.49 from $0.32. However, GAAP results swung to a $65.3 million operating loss due to a $134.9 million non-cash goodwill charge, and total company organic revenue growth was only 2.8% in the quarter. The Luvata agreement has no disclosed contract value or timeline, and BEST's revenue is less than 9% of total company revenue, leaving investors to weigh the fusion potential against a still-soft academic market.
Fusion Energy › Magnets & HTS Superconductors ▲Supply
BRKR · Demand · Positive Bruker's BEST unit entered a supply collaboration with Luvata to scale up RRP superconductor production for fusion projects, a concrete product/supply deal.
BRKR · Capital · Positive BEST revenue rose 11.9% YoY to $74.2M with margin expansion to 14.1% and EPS up to $0.49, though GAAP swung to a $65.3M loss on a goodwill charge.
Luvata · Supply · Neutral Luvata is the named partner scaling up RRP superconductor production, but no contract value or timeline was disclosed.
Realta Fusion and MGE Partner to Explore 200-MWe Fusion Plant in Wisconsin
Realta Fusion, the world's leading magnetic mirror fusion energy company, announced a strategic partnership with Madison Gas and Electric (MGE) and its parent company, MGE Energy, Inc., to explore joint development of a 200-megawatt electric (MWe) fusion energy power plant in Wisconsin. MGE Energy has made a direct equity investment in Realta and will provide equipment, engineering, technical support, and assistance with siting, permitting, interconnection, and financing. Realta CEO Kieran Furlong called the agreement a clear signal that fusion's time is coming, while MGE Chairman, President, and CEO Jeff Keebler emphasized the utility's commitment to net-zero carbon electricity by 2050. The plant would be a first-of-its-kind investment in next-generation carbon-free energy technology, and the partnership builds on Realta's recent plans to lease about 250,000 square feet at OM Station, the former Oscar Mayer site in MGE's service territory.
Fusion Energy › Fusion Pure-plays (Developers) ▲Capital
Fusion Energy › Utility Off-takers & Grid Integration (Future) ▲Demand
MGEE · Capital · Positive MGE Energy made a direct equity investment in Realta and will provide equipment, engineering, and financing for a 200-MWe fusion plant.
Madison Gas and Electric · Demand · Positive Madison Gas and Electric partnered with Realta to explore a 200-MWe fusion plant and will provide siting, permitting, and interconnection support.
Realta Fusion · Demand · Positive Realta Fusion secured a strategic partnership with MGE to jointly develop a 200-MWe fusion power plant, plus an equity investment and support.
Zhefu Holding's first-half net profit rises 139.45%, will explore nuclear fusion equipment and other new areas
Zhefu Holding disclosed its 2026 half-year report on the evening of August 28. During the reporting period, it achieved operating revenue of 13.44 billion yuan, up 26.28% year on year; net profit attributable to the parent company was 1.356 billion yuan, up 139.45% year on year; and non-GAAP net profit was 1.252 billion yuan, up 194.89% year on year. The company's business is divided into two major segments: hazardous waste resource recovery and clean energy equipment. Revenue from hazardous waste disposal and resource-based products was 12.739 billion yuan, up 27.4% year on year, with gross margin rising to 15.59%; clean energy equipment revenue was 654 million yuan, up 6.32% year on year. The company said it will continue to anchor its clean energy plus environmental protection strategy and deeply explore new areas such as nuclear fusion equipment.
Guoguang Electric's 2026 Half-Year Report: Revenue and Profit Both Decline
Guoguang Electric released its 2026 interim report on August 26. Affected by a slower pace of project implementation and intensifying industry competition, the company's revenue and profit both fell sharply. During the reporting period, operating revenue was 138 million yuan, down 40.41 percent year on year. Net loss attributable to the parent company was 73 million yuan, with the loss widening by 492.42 percent year on year. Net loss after deducting non-recurring items was 76 million yuan. Net cash outflow from operating activities was 33 million yuan, larger than the same period last year. The decline in performance was mainly due to nuclear industry equipment projects not yet being implemented, fewer military product projects being launched, and an increase in credit and asset impairment losses. Despite the decline in revenue, the company's research and development expenses reached 13.9131 million yuan, with the proportion of revenue rising to 10.11 percent. Looking ahead, controllable nuclear fusion being incorporated into the national strategy and the development of commercial aerospace bring opportunities, but the company faces risks such as customer concentration and order fluctuations.
Global private investment in nuclear fusion hit a record $4.48 billion in 2025, up 69% from a year earlier, as major energy companies like Eni, Equinor, Chevron, Shell, and Cenovus ramp up their commitments. Eni plans to deploy a commercial fusion power plant in Europe by the early 2040s, building on its investment in Commonwealth Fusion Systems and a $1 billion agreement to buy electricity from the startup's first U.S. plant. Eni is also forming a joint venture with the UK Atomic Energy Authority to develop fuel systems for fusion reactors, targeting a large-scale tritium fuel-cycle facility by 2028. Commonwealth Fusion Systems raised another $1 billion in July, bringing its total funding to $4 billion, and its planned 400-MW ARC facility in Virginia is the first fusion project to apply for grid interconnection. Chevron has backed TAE Technologies and Zap Energy, while Shell invested in Zap's $130 million Series D round, and Cenovus's early bet on General Fusion is moving toward a Nasdaq listing.
Hangyang and Others Establish Fusion Technology Partnership
Hangyang and others have established Hangzhou Xingxuan Fusion Technology Partnership, a limited partnership. According to Qichacha, the partnership was recently founded, with a business scope covering engineering and technical research and experimental development, as well as investment activities using its own funds. Qichacha equity penetration shows that the partnership is jointly held by Hangyang's wholly-owned subsidiary Hangzhou Oxygen Plant Research Institute and others.
Trump Media Stock Falls 18% After $238 Million Quarterly Loss
Shares of Trump Media & Technology fell 18.1% this week after the company reported a $238 million net loss for the second quarter. The loss was driven mainly by a decline in the value of cryptocurrency assets such as Bitcoin held on its balance sheet, while revenue totaled just $1.7 million, primarily from advertising on Truth Social. The company also announced plans to merge with nuclear fusion startup TAE Technologies later this year and is offering investment firms access to the Truth+ API for upwards of $100,000 a month. Despite the drop, the stock still has a market cap of $2.3 billion, and the article concludes investors should avoid buying the dip.
Trump Media Scraps $6.42 Billion Crypto.com Venture to Focus on Media and TAE Fusion Merger
Trump Media & Technology Group and Crypto.com have terminated their planned US$6.42 billion digital-asset treasury venture, citing ethics concerns and regulatory scrutiny around Donald Trump's crypto-related business interests. The cancellation shifts Trump Media's priorities back to its core media operations and a proposed merger with fusion-energy firm TAE. The retreat removes a speculative piece of the investment narrative and reduces regulatory noise, but fundamental issues around scale, profitability, and governance remain. Attention now turns to the upcoming Q2 2026 earnings update and progress on closing the TAE combination, with execution risk and cash burn still in focus.
DJT · Capital · Neutral Cancellation of Crypto.com venture removes speculative element but shifts focus to core media and TAE merger, with execution risk and cash burn remaining.
TAE Technologies · Capital · Positive Proposed merger with Trump Media remains a priority, potentially providing capital and attention to TAE's fusion energy business.
Crypto.com · Regulation · Negative Termination of the $6.42 billion venture with Trump Media due to ethics and regulatory scrutiny reflects negative regulatory environment for Crypto.com.
General Fusion to Ring Nasdaq Opening Bell as First Publicly Listed Fusion Energy Company
General Fusion will ring the Nasdaq Opening Bell on July 17, 2026, to celebrate the start of trading as the first publicly listed fusion energy company. The bell-ringing ceremony will be livestreamed on Nasdaq's official channels at 9:30 a.m. EDT. General Fusion's CEO Greg Twinney said the move to public markets puts the company in a strong position to bring its practical fusion technology to the world. The company's MTF approach aims to achieve fusion without superconducting magnets or high-powered lasers, and its LM26 demonstration machine, built in under two years, is the first MTF machine at commercially relevant scale, mechanically compressing plasma with a lithium liner at 50% commercial-scale diameter.
General Fusion to Ring Nasdaq Opening Bell as First Publicly Listed Fusion Energy Company
General Fusion Group Ltd. will ring the Nasdaq Opening Bell on July 17, 2026, celebrating its debut earlier this week as the first publicly listed fusion energy company. The ceremony will be livestreamed at 9:30 a.m. EDT. CEO Greg Twinney said the public listing strengthens the company's position to commercialize its magnetized target fusion technology, which avoids superconducting magnets and high-powered lasers. General Fusion's LM26 demonstration machine, built in under two years, is the first MTF device at commercially relevant scale and aims to achieve key milestones including plasma temperatures of 100 million degrees Celsius and ultimately net fusion energy.
Global Private Nuclear Fusion Investments Surge 69% to Record $4.48 Billion in 2025
Global private investments in nuclear fusion hit a record $4.48 billion in 2025, a 69% surge driven by AI data center energy demands and rising energy security concerns. The Fusion Industry Association reports that about 71% of fusion companies now expect to deliver commercial power to the grid by the 2030s, with firms inking site selections and power purchase agreements with major tech companies. Helion Energy signed a binding power purchase agreement with Microsoft for at least 50 megawatts by 2028, backed by a $465 million Series G round that valued the company at $15.5 billion, and broke ground on its Orion facility in Washington. Commonwealth Fusion Systems raised $863 million in an oversubscribed Series B2 round, bringing its total funding to nearly $3 billion, to develop its SPARC demonstration device and design the ARC commercial plant in Virginia. Proxima Fusion raised €411 million, becoming Europe's best-funded fusion company at a €2.4 billion valuation, with Google and RWE each contributing €25 million to accelerate its stellarator-based Alpha demonstrator near Munich.
General Fusion completes business combination with Spring Valley Acquisition Corp. III
General Fusion has completed its business combination with Spring Valley Acquisition Corp. III, a special purpose acquisition company, and will begin trading on Nasdaq under the ticker GFUZ on July 13, 2026. The company enters the public markets with approximately US$150 million in cash, including net proceeds from a private placement and trust capital, to advance its Magnetized Target Fusion technology. The funding is expected to support the Lawson program through key technical milestones targeted for completion in 2028, aiming to demonstrate and de-risk the technology in a commercially relevant way. General Fusion currently operates Lawson Machine 26, the first MTF demonstration machine built at a commercially relevant scale, designed to achieve critical fusion milestones including plasma heating to 10 keV and ultimately the Lawson criterion.
Alphabet backs Proxima Fusion in €411 million funding round alongside RWE
Alphabet's Google and German utility RWE have invested in nuclear fusion startup Proxima Fusion as part of a €411 million funding round. Alphabet participated as a strategic investor, extending its reach into long-term, carbon-free energy solutions beyond its core technology operations. The investment aligns with rising AI-related power demand and long-term decarbonization goals, positioning Alphabet closer to future sources of baseload power that could support Google Cloud and Gemini. This move diversifies Alphabet's external partnerships into energy infrastructure, setting it on a slightly different path from peers like Microsoft and Amazon, which rely more heavily on traditional renewables and grid contracts today.
RWE Still Looks Below Fair Value After Proxima Fusion Backing
RWE has invested €25 million in German fusion startup Proxima Fusion as part of a €411 million funding round, extending the utility's involvement in advanced energy technologies. The most followed narrative puts RWE's fair value at €64.60, 13.1% above the current share price of €56.12, driven by long-term grid and renewables execution. However, the stock's price-to-earnings ratio of 16.8 times sits below the German market average of 17.1 times but above the peer average of 15.8 times and a fair ratio of 9.7 times, suggesting investors are already paying a premium for the growth story. RWE's one-year total shareholder return stands at 58.22% and its five-year return at 104.29%, though the 90-day return has slipped 4.75%.
Fusion Energy › Utility Off-takers & Grid Integration (Future) Capital
Energy Transition & Power Demand › Nuclear Generation & Utilities Technology
Proxima Fusion · Capital · Positive Proxima Fusion raised €411 million funding round, including €25 million from RWE, providing capital for fusion development.
RWE.XETRA · Capital · Neutral Investment in fusion startup is a capital allocation move, but impact on fair value is mixed with premium valuation.
American Fusion Developing Compact, Truck-Deployable Fusion Engine for Military and Commercial Use
American Fusion Inc., through its subsidiary Kepler Fusion, is advancing the Texatron, a compact aneutronic fusion engine designed to produce from 0.5 megawatt to more than 100 megawatts of clean power without turbines or steam cycles. The company is currently testing a 5-megawatt preproduction unit, with engineering and production underway for 10-megawatt and 20-megawatt follow-on systems. The technology targets military energy resilience by eliminating vulnerable fuel supply chains, as the U.S. Department of Defense consumes roughly 4.6 billion gallons of fuel annually, with delivery costs reaching $400 per gallon in remote combat zones. American Fusion also sees commercial applications in data centers and industrial operations, offering a power-as-a-service model, and notes that the broader fusion energy market is projected to grow from $288 billion in 2025 to $419.84 billion by 2030. The Texatron uses a fast-pulsed Torsatron design and deuterium-helium-3 fuel, achieving direct energy conversion with theoretical efficiencies above 90%, and the company is expanding its intellectual property portfolio across plasma confinement, reactor architecture, and modular deployment.
Energy Transition & Power Demand › Firm Power & Transition Fuels ▼Competition
American Fusion Inc. · Technology · Positive American Fusion is developing a compact fusion engine with high efficiency and military/commercial applications.
Kepler Fusion · Technology · Positive Kepler Fusion, as subsidiary, is advancing the Texatron fusion engine.
Proxima Fusion completes €411 million funding round backed by Google and RWE
Munich-based fusion energy company Proxima Fusion has completed a €411 million funding round, bringing its valuation to €2.4 billion and making it the best-financed fusion company in Europe. The round was led by XTX Ventures and East X Ventures, with participation from Google and a €25 million investment from German energy company RWE. Proxima, a spin-out from the Max Planck Institute for Plasma Physics, is developing quasi-isodynamic stellarator technology and plans to build a net-energy demonstrator called Alpha near Munich in partnership with the state of Bavaria, the Max Planck Institute, and RWE. The company has now secured over €650 million in total funding since its 2023 founding, including €95 million in public grants, and aims to complete Alpha in the early 2030s ahead of a first commercial plant later that decade.
Fusion Energy › Fusion Pure-plays (Developers) ▲Capital
Proxima Fusion · Capital · Positive Proxima Fusion completed a €411 million funding round, significantly boosting its valuation and financial position.
RWE.XETRA · Capital · Positive RWE invested €25 million in Proxima Fusion, indicating strategic partnership and potential future energy technology benefits.
British billionaire Alex Gerko backs Proxima Fusion's €411m round
British trading billionaire Alex Gerko's firm XTX Markets has led a €411 million investment round in Germany's Proxima Fusion, Europe's largest ever nuclear fusion investment. Google and East X Ventures also participated in the round. Munich-based Proxima aims to demonstrate fusion power in the early 2030s and build a commercial plant by the end of the decade, positioning itself as Europe's champion against US rivals. The company is also seeking hundreds of millions of euros from German government bodies and has partnered with RWE to build a stellarator plant in Bavaria.
Fusion Energy › Fusion Pure-plays (Developers) ▲Capital
Proxima Fusion · Capital · Positive Proxima Fusion raised €411 million in Europe's largest nuclear fusion investment, providing significant capital for development.
RWE.XETRA · Demand · Positive RWE has partnered with Proxima Fusion to build a stellarator plant, potentially creating future demand for RWE's energy services.
RWE.XETRA · Technology · Positive RWE is partnering with Proxima Fusion to build a stellarator plant, indicating involvement in fusion technology development.
XTX Markets · Capital · Positive XTX Markets led the investment round, deploying capital into Proxima Fusion.
