Proxima Fusion is betting on a critical ingredient for its fusion reactors: superconducting tape. Proxima Fusion said Wednesday it plans to build a €140 million ($162.6 million) factory to produce fusion-grade high-temperature superconducting (HTS) tape, which will provide the startup with key component to its reactor design. The move comes months after Proxima raised €411 million in a round that catapulted the company up the ranks of the best-funded fusion startups . The Germany-based fusion s…
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